Accounting Firm Funding

Employment in the accounting field is projected to grow 10% from 2016 to 2026. Provide your clients with the best service and help grow and maintain a successful accounting firm with up to $500,0000 in funding from Greenbox Capital® as fast as 24 hours.
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Fast Accounting Firm Funding You Can Trust

The rising complexity of tax laws and business regulations in Canada are just one of many reasons why the accounting industry is poised for incredible growth. Federal funding programs and commercial banks often consider accounting firms to be ideal candidates for funding because they have high earning potential and a strong sense of fiscal responsibility. However, the application process for these lenders can last months, and there’s no guarantee of approval. While you’re waiting, valuable opportunities for growth can be lost.

With a streamlined online application, fast turnaround, and flexible approval requirements, Greenbox Capital® can approve more accounting firm funding than traditional lenders. We can also approve funding faster, with funds deposited in as little as one business day. We provide multiple types of accounting funding to help grow your firm, with funding from as low as $3,000 up to $500,000 and no restrictions on how you can use your funds. We fund all accounting firms, including auditing and bookkeeping.

Accounting Firm Funding Rates

Accounting firm funding rates depend on the type of alternative small business funding you receive. Most alternative accounting funding options use a factor rate instead of a traditional interest rate. Factor rates are simple decimal figures that show how much “extra” you will owe on the original amount of the loan and are determined based on your risk assessment.

Accounting Firm Funding Solutions in Canada

Our friendly, expert funding advisors will work with you to determine which funding option will help you achieve your goals without compromising your business’s cash flow.

How To Use Accounting Firm Funding

There are no restrictions on how you can use funds from Greenbox Capital. Accounting firm funding is ideal for supporting your firm’s working capital, furthering your commitment to your clients, and helping more people. 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

Sometimes, accounting firms need a quick infusion of working capital to help meet the unique challenges of their field, such as:

  • Maintaining compliance with accounting standards and regulations
  • Solving cashflow issues
  • Dealing with paying tax and other bills
  • Supportoing your business during a slow period
  • Providing working capital for growth or restructuring purposes
  • Acquiring equipment and assets

How Accounting Firm Funding Works

  • 1
    Apply

    Gather 3 months of bank statements and other records. For faster approval, grant us secure access to your bank account’s transactional data.

  • 2
    Choose Funding

    A Funding Advisor will reach out to you within 1 hour (during regular business hours) to complete your application & discuss your funding options.

  • 3
    Get Funded

    Once you and your Funding Advisor determine what funding option works for your business, your funds can be approved and deposited within 24 hours.

  • 4
    Set Repayment

    Payments will be automatically deducted from your business’s daily or weekly debit and credit card sales. Payment amounts will be based on your sales.

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 Greenbox 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

Accounting Firm Funding Q & A

How can I get funding for an accounting firm?

You can get funding for an accounting firm from traditional lenders like federal funding programs 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. Contact one of our Funding Advisors to learn more.

Tax season is a very busy time for my accounting firm. Could I use my funds to hire more talent?

Hiring new employees is a great way to use your accounting firm’s funding for the long-term growth of your business.

Why should I consider an alternative lender for my accounting firm?

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.

What are the typical uses of funding for an accounting firm?

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.

Are there any restrictions on how the funds can be used?

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.

Which type of funding is best for an accounting firm?

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.