Professional Fee Funding

Are you paid up?

Professional fee funding is an optional arrangement that can be provided by your professional advisors in order to collect fees that may not be able to be paid by their clients immediately or in one lump sum.

The advantage is that the professional can get their fees up front and the client pays these fees off over 10-12 months. This practice is ideally suited for accountants and legal advisors.

Another advantage is that it should not restrict the cashflow of the clients business which can then be utilised to reinvest in your business.

Professional Fee Funding

Is simply another 'pay by the month' service that clients are used to
Evens out cash flow and conserves cash in the business
Is an unsecured line of credit that doesn't impact or disturb existing or additional funding needs
Gives clients the confidence to explore other activities.

Rent Lease Group can help you finance all your professional fees upwards of $50,000.

Finance companies and banks have various terms for professional fee funding. In essence, all of these are the same except they cover different areas. These include, but are not limited to:

Professional indemnity funding or finance
Professional fee funding
Workers Compensation funding.

By using insurance to pay for these unwanted pressures on cash flow, you do not have to utilise your overdraft where you have had to utilize your bricks and mortar security.

All payments are fully tax deductible for the clients. And best of all these policies put you in a position to utilise your cash to develop your business.

NOTE: Professional fee funding is an arrangement that needs to be put in place by the professional company and not the client. Once the professional body – either legal or accountancy – have this in place, they can offer the additional service to their clients. In general approximately $50,000 per month per organisation is required to put such an arrangement into place.

If you would like more information on professional fee funding, please call Rent Lease Group now on 03 9011 9486 (Australia) or click here to have a representative contact you as soon as possible.

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