Chartered Accountants are regarded as reliable and financially responsible people. Most banks/institutions offer Chartered Accountant loans to professionals without any collateral or guarantor and at cheap rates.
Here are some tips to use Chartered Accountant loans to your benefit:
A CA firm needs a dedicated office space. As per your budget, you may choose to buy, rent or convert a part of your house into your office. Regardless of your choice, you will need funds to buy, rent or refurbish your house to make it a suitable office. CA loans help you with these costs.
Chartered accountant firms need to be registered with the government before they commence operations. The registration fees can burn a hole in your pocket and a Chartered accountant loan can be of help.
Once your office is set up, you might need to buy or rent some office equipment like computers, external storage devices, etc. apart from some furniture and other essentials. A CA loan can be used to cover these costs too.
Right from finding the right staff to get them on-board involves a cost. You might hire a consultancy firm to do the job and a CA loan helps you cover these costs.
Courses and More
You or your employees might want to enhance our professional skills to stay abreast with the market. It can be a workshop or a diploma course. The CA loan can be used to finance the entire course along with the travel and accommodation costs.
Make use of the fact that the banks/institutions consider CAs to be reliable and strike a good deal before you sign the dotted line.
Aman Khanna is an experienced financial advisor who is well known for his ability to foretell the market trends as well as for his financial astuteness. He has an MBA in finance from Toronto University as well as years of experience delivering seminars on sound financial practices and debt management.