Business Banking Solutions for Professional Services
In the market to obtain a finance as a professional?
How to get the best business banking solutions as a professional
Balancing client service and collections. Narrowing margins driven by increasing client fee sensitivity. Revenue swings caused by economic and seasonal cycles. The need to invest in capacity before new profit opportunities are realized. From law practices to accounting firms, consultants to architects, professional firms face many challenges that point to the importance of proactive and sound financial management.
As a sole practitioner or small to mid size professional service provider you need professional banking services that can protect and grow your business. Professionals such as architects, insurance agents, attorneys, accountants, engineers and consultants often find that cash flow varies as demand fluctuates and customers change. We can help keep your business - and your cash flow - at its best.
Professional service providers face many common challenges - such as unpredictable cash flow cycles and greater demands on your time.
Through unique banking programs that specialise for Professional Services, we can help you manage these stresses so you can focus on what's important - fulfilling your clients' needs and building your business. We are ready to listen to your story because every professional services business is different.
Improving Cash Flow Cycles
Professionals such as architects, insurance agents, attorneys, accountants, engineers and consultants often find that cash flow varies as demand fluctuates and customers change. We can help keep your business - and your cash flow - at its best. From accelerating receivables to monitoring and projecting cash, we'll help you find the best combination of products to help your business grow.
Manage your business liquidity effectively and efficiently through our extensive range of products and services. We can connect you to highly secure suite of products to automate processing functions, such as receivables collections and account reconciliation giving control and visibility over cash flow.
There are a range of options for depositing your cheques and cash, from collection by your security company to using your financier's extensive branch network. To some the ability to make and receive payments through domestic and international payment mechanisms is extremely important.
Professional Loans & Lines of Credit
An important aspect of business growth is the procurement of professional loans. As a doctor, attorney, CPA or other professional service provider you may want to borrow money to expand your operations.
Just Business can tailor a package of business loans and deposit services, including the financing needed to improve cash flow; upgrade office space; purchase new furniture, equipment, or supplies; and cover unexpected expenses.
Partner transition assistance
One of the biggest funding events for some professional services is when there is a change in the partnership - whether incoming or outgoing. We can help you take advantage of funding for partner equity, including capital contribution loans to assist the entry of new partners and the transition of existing partners.
Property lending for Professional Services
Outside of the actual business, most professional service client's largest investment is either their own business premises or another investment property outside of the business. Just Business can find the most suitable solutions for your property lending needs, often using the equity of the business to purchase the property with little or no equity injection by the partners.
Statutory Trust Account
Just Business can source the best specialised trust account for real estate agents, conveyancers and solicitors to hold funds in trust for your clients. Often you won't have to pay a service fee for our Statutory Trust Account, so you can keep your business costs down. Keep your clients' money in trust to meet regulatory requirements. All credit interest will be automatically paid to your industry's governing body based on your state or territory so that you can meet your industry's regulatory requirements.
Professional Merchant Services
Treasury and Global Markets Solutions
Our Professional team are equipped with a broad range of financial products and services designed to meet your firm's needs:
-foreign exchange and international cash management services to support travel, business and offices abroad
-Interest rate risk management solutions, including swaps and derivatives, to protect against inflation and rising interest rates
Asset and equipment finance
Like many businesses, professional services need access to fund plant and equipment as well as assets like vehicles. There are many types of asset finance offered by banks. Choosing the right option has both cashflow and tax implication. Make sure you engage the right advisor to give you advice on which option is best for you. We can help you get tailored asset and equipment solutions for your business, to help manage cash flow. READ MORE >
Challenges of the Service Environment
You know the value of building customer relationships. So do we. That's why Just Business takes the time to research the needs of professional service providers. We work closely with professional organizations and customers to understand how market trends and economic factors impact service businesses. Our understanding of the challenges facing service providers makes us even more committed to helping you achieve your short- and long-term business and personal financial goals. Irrespective of the professional industry you're in, our team will work to understand the intricacies of your business. Whether you want to offer your clients faster payment methods or are thinking about investing to expand your business, we're here to help.