Do you need capital to grow your law firm?
Fair Rate Funding offers customized financing for law firms (personal injury lawyer loans) based upon expected attorney fees in settled or pending cases or with cases currently on appeal. We have programs specifically designed for plaintiffs personal injury practices and trial attorneys.
Could you use an additional $250,000 to $1,000,000+ in personal injury law firm loans?
Simply put, personal injury lawyer loans level the cash flow cycles of personal injury practices. This type of financing can also be used to expand your practice when desired and can be extremely helpful when your deep pocketed adversaries dig in their heels on your heavier files.
What type of growth can you envision in your PI practice?
Many ambitious attorneys seek personal injury lawyer loans to grow their business properly. Law firms who have the means to aggressively promote their services are ahead of the competition.
PI Law Firm Loans vs. Traditional Bank Financing
Banks generally do not offer lines of credit based solely on the value of your pending cases. Instead, many require excellent credit, statements of assets, and home equity of the partners to secure an approval. These factors also factor into the loan amount which may or may not be enough to cover your needs. Further, some banks require periodic payments which may not be feasible.
Adequate cash flow is the life blood of any marketing efforts. And there are inherent limitations in securing money from bank loans, credit cards and/or personal savings. Further, personal guarantees and monthly payments could overextend your existing cash flow and threaten your existing business.
Fair Rate Funding Offers Solutions that Banks Cannot
Contingency fees mean a fluctuation in revenue for personal injury law firms. When cash is tight, firms need liquidity. Personal injury lawyer loans meet this need through the analysis of existing personal injury files.
Most bankers are unable to evaluate pending personal injury cases or the value of future contingency fees. They are without the expertise necessary to advance on personal injury files.
Unable to grasp the revenue potential of contingency fees, many firms are turned away despite being creditworthy. Fair Rate Funding is different. We approve personal injury lawyer loans when banks simply will not.
Further, our expertise in evaluating claims enables us to advance significantly higher amount of liquidity than banks are willing to offer. Our personal injury lawsuit loan funding is backed by private investing groups and other “non-bank” type of credit facilities. We are not dependent on banks for our capital needs.
Let Fair Rate Funding help you!
We provide legal financing based upon your existing portfolio of cases. In other words, we anticipate projected fees based upon the cases you already have. We provide the access to the very growth capital you need, not according to your creditworthiness, but according to value of your files. The use of funds is unrestricted so that you can grow your practice as you see fit. Fair Rate Funding is the answer to your expansion capital needs.
If You Have Any Questions, Call 888-964-2224
How will you know if personal injury lawyer loans make good business sense for you and your PI firm?
Benefits of personal injury lawyer loans from Fair Rate Funding include:
- The ability to fund without personal guarantees.
- No additional partners or transfer of equity in your firm
- Unrestricted use of funds
Thank you for your interest in personal injury lawyer loans from Fair Rate Funding.