Revolving Credit Facility for Professional Services Firms

A revolving credit facility for a professional services firm works like an overdraft with a proper credit limit behind it. The lender sets a ceiling, say £250k, and you draw against it when you need cash and repay as invoices settle. Interest accrues only on the drawn balance, not the full facility. That matters when your billing is lumpy.\n\nLaw firms and consultancies are the textbook case for this product. A £180k instruction fee lands in April, everyone gets paid, then June is quiet and three partners have Self Assessment bills due in July. Without a buffer, you are either hoarding cash at a cost or scrambling for a short-term fix every single year. An RCF solves that structurally rather than with a one-off loan.\n\nFor LLPs and partnerships, lenders also use it to bridge the gap between when profits are allocated and when partners can actually draw. The lender who says yes to this for a professional practice is usually a challenger bank or a specialist business lender, not your clearing bank on standard terms. High-street RCFs for SME professional firms are slow to set up and often come with financial covenants that feel designed for manufacturers. We know which lenders move faster and ask fewer questions of a well-run practice.\n\nNo broker can promise a rate or an approval. What we can tell you is that a £500k facility for a profitable LLP with two years of clean accounts is a straightforward deal to place. A start-up consultancy with no trading history is a harder ask, and you should know that before we start.