Accounting Firm Funding
Employment in the accounting field is projected to grow 10% by 2026. Help grow and maintain a successful accounting firm with up to $500,0000 in funding from NextGen Capital as fast as 24 hours.
Fast Accounting Firm Funding You Can Trust
The increasing complexity of tax laws and business regulations is driving significant growth in the accounting industry. Due to their strong earning potential and financial expertise, accounting firms are often seen as ideal candidates for funding by the Small Business Administration and commercial banks. However, traditional lenders have lengthy application processes that can take months, with no guarantee of approval—potentially causing businesses to miss valuable growth opportunities.
NextGen Capital® offers a faster, more flexible alternative. With a simple online application, quick processing, and lenient approval requirements, we can provide funding to more accounting firms than traditional lenders. In many cases, funds can be deposited in as little as one business day. Our funding solutions range from $3,000 to $500,000, with no restrictions on how you use the capital. We support all types of accounting firms, including auditing and bookkeeping businesses, helping them scale efficiently and seize new opportunities.
Accounting Firm Funding Solutions
will help you achieve your goals without compromising your business’s cash flow.
Merchant Cash Advance
You get working capital when you need it. We’ll receive a percentage of your daily or weekly credit card sales until the advance is repaid.
Invoice Factoring
Sell us your pending invoices in exchange for the net amount in cash. You’ll receive the balance of the invoices’ value when we receive payment (minus our fee).
Collateral Loan
A secured loan that uses commercial real estate to reduce risk. Because the loan is secured, you may be approved for larger loan amounts with lower rates and fees.
Business Line of Credit
Borrow as much or as little as you need without the obligation of a fixed term loan. Draw and repay as you go, and only ever pay interest on the amount you've borrowed.
How To Use Accounting Firm Funding
There are no restrictions on how you can use funds from NextGen Capital. Our accounting firm funding is designed to support your working capital, strengthen your client relationships, and help you expand your business. Use your funding to:
- Grow your client base by acquiring an existing accounting firm
- Purchase the client base of a retiring colleague or competitor
- Invest in market research or a new marketing campaign to attract larger clients
- Print new marketing materials, like business cards, flyers, or brochures
- Purchase a new location to expand your current firm
- Pay for professional development courses for you and your team
- Invest in a better CRM (customer relationship management) system
- Hire qualified accountants so you can take on new clients
- Attend conferences and networking events to grow your referral network
Will You Qualify for Accounting Firm Funding?
Exact qualification requirements depend on the type of accounting firm funding you are seeking. Approval for accounting firm funding from NextGen Capital isn’t based solely on your credit score or financial history. We focus on the overall health of your business, including:
- Business revenue
- Cash flow
- Vendor payment history
- Years in business
- Public records
How Accounting Firm Funding Works
Accounting Firm Funding Q & A
You can get funding for an accounting firm from traditional lenders like the SBA or a bank, as well as from alternative lenders like Greenbox Capital. Alternative lenders have more flexible approval requirements that consider the overall health and potential of your business—not just your credit score—and offer revenue-based financing options that are more ideal for businesses with lower credit scores, such as merchant cash advances for low credit. Contact one of our Funding Advisors to learn more.
Hiring new employees is a great way to use your accounting firm’s funding for the long-term growth of your business.
Traditional lenders can take weeks or months to review and approve your loan application. If you’re looking for a way to streamline your cash flow, as an alternative lender, we have different approval requirements and can approve funding for accounting firms. We can provide you with the funds you need to cover project expenses, operating costs, and more, often in less than 24 hours.
There are many ways you could use your funding. Some uses of funding for an accounting firm could include equipment and software purchases, marketing and advertising expenses, expansion costs, and much more. Make sure to consult with one of our Funding Advisors to ensure you are using your funding in the most efficient and effective way possible.
There are no restrictions on how your funds can be used. We have a very simple application process, with same-day funding available. To get started, fill out our one-page application form or speak with a Funding Advisor.
A merchant cash advance is one of our popular funding options. We recommend you speak with one of our knowledgeable Funding Advisors—they can help you explore all of the available funding solutions for your business.
