Loans for Architects

Professional architects can further their careers and advance their practices with the aid of finance.

Additional funding is valuable to architects for a wide range of reasons and various loans for architects are available that help them achieve their ambitions. Being able to access finance swiftly and smoothly is beneficial to architects operating a practice who want to move plans forward quickly, but also help them extend their offering by purchasing new premises or employing a larger team.

Why architects require loans

Growing practices often need funding for expansion, but architect loans can also provide much-needed working capital that enables practices to manage monthly spend. Finance can also let practices pay over an extended time for the equipment they require to operate, and avoids a large outlay that severely impacts company finances. This might involve purchasing IT hardware and furniture to kit out offices or expensive architecture software such as CAD. Similarly, VAT and Corporation Tax loans help architects manage important obligations while protecting their cash flow.

Professional architects may want to buy into a practice, and loans are available to support their goals. In some cases, practice partners may also want to buy an associate out who wishes to leave.

Types of finance available for architects

Unsecured loans are available for architects that need an increase in accessible working capital for the business or want to invest in developing their operation further. Unsecured loans are extremely flexible solutions as they can cover a wide array of business needs.

Asset finance helps architectural firms purchase practical equipment and spread the cost of the purchase into manageable monthly payments. However, specialised loans are also available to help with VAT, Corporation Tax, Professional Indemnity Insurance (PII), debtors, and management buy outs and buy ins.

Are you an SME seeking loans for architects?

At AJL Finance, we offer loans suited to architects and architectural practices. We offer quick turnarounds on application decisions and available funds, typically available within 48 hours. Loans start at £5,000, and we have a range of repayment terms that let professionals and practices spread the cost over between three to seven years.

Add your details to our eligibility calculator today to determine your suitability for finance or connect with us today for further assistance.