Professional Funding for Practice Growth
Professional funding is a type of loan specifically tailored for professionals, such as chartered accountants, company secretaries and doctors. This financial product is designed to support the growth and expansion of their practices by providing the necessary funds for scaling operations, upgrading infrastructure, or meeting other professional requirements.
Why Professional Funding Matter?
Professionals often face unique challenges when it comes to growing their practices. Whether it’s hiring skilled personnel, upgrading office spaces, or investing in advanced equipment, financial flexibility is key. Professional loans are crafted to address these specific needs, ensuring professionals can focus on their expertise while having access to capital when required.
A Real Life Example of How a Professional Funding Can Help?
Purvi has been a practising chartered accountant for over five years. Her dedication and expertise have earned her a growing client base, with more clients seeking her services due to her strong reputation and reliable practice. To manage this growth, Purvi decided to expand her office and hire additional personnel to meet her clients’ needs efficiently.
Purvi applied for a professional Funding designed specifically for her profession. The Funding provided her with the financial means to open a larger office, hire skilled staff, and purchase advanced software to streamline operations. This investment not only helped Purvi meet her clients’ expectations but also positioned her practice for sustainable growth.
Key Benefits of Professional Financing
1. Attractive Interest Rates
Professional Funding is often offered at competitive interest rates, which means you can borrow maximum funding at a lower interest rate. This makes them a more affordable option for consumers than other unsecured loans. If you have a credit score of 720 or higher, you can easily qualify for a loan with favourable terms.
2. Loan Amount
They might range in size from 25 lakhs to 2 cr and beyond. Your qualifications, Year of practice, Financials and professional profile will determine this.
3. Easy approval and basic documentation
Applying for professional financing is a straightforward process that requires less documentation. Instant disbursement ensures that you have the funds you need when you require them the most.
4. Application Process
You can apply for professional Funding online without having to visit a bank. Almost all financial institutions now allow you to submit an online loan application. However, you can connect with executives at Terkar Capital who can help you simplify your efforts to secure the necessary funding.
5. Get funds without any collateral
Professionals can apply for funding without having to provide any collateral.
6. Flexible repayment plan
It is popular because of its flexible credit terms. Following your comfort level and ability to repay, you can budget and select the duration. The repayment period may be anything from 12 to 96 months.
How to Apply for a Professional Funding?
The requirement of immediate funds is crucial for any business or profession to thrive, however, availing funds for your business is a complex and time-consuming process.
Hence, Terkar Capital and our team of experts can be a great help to you. We understand that you need assistance to reach your financial goals, and we offer no-collateral funding to professionals from banks and NBFCs. Our financial instruments are designed to be flexible and cost-effective. Additionally, our professional financing offers a variety of attractive benefits, such as quick disbursement, a flexible repayment schedule, and no foreclosure fees.
Terkar Capital Professional Funding for Practice Growth
We are investment bankers who offer tailor-made financing for professionals and take a client-centred approach. We provide fast turnaround time and collaborate with all major debt players in the Indian economy. At Terkar Capital, we specialize in finding the financial instruments that work best for professionals or businesses of all sizes.
Lenders check your CIBIL score before approving your loan.
Conclusion
Professional funding is a great option for professionals who look for growth, buy equipment, or expand their practice. They are availed with competitive interest rates, substantial loan amounts, easy processes, collateral-free funding, and flexible repayment options. Hence, Terkar Capital is a reliable resource for professionals seeking tailor-made financing solutions.
