DO YOU NEED CAPITAL TO GROW OR MAINTAIN YOUR FIRM?
Fair Rate Funding provides fast, low-cost law firm loans
to legal practices nationwide.
Potential for Growth
One typical hurdle for ambitious attorneys/firms is access to immediate financial liquidity to grow the business properly. Properly means having the financial wherewithal to aggressively bring your services to market. Law firm loans can help.
- Can you envision potential growth opportunities in your area(s) of expertise?
- Can you expand into other disciplines without having to take on an additional partner(s)?
- How much money would you make if you had an additional $250,000 to $1,000,000+ in working capital right now?
- Do you have the money to enter into this new space aggressively thereby capturing the necessary market share to make the jump profitable?
Let’s face it, the legal practice is a competitive one. In this arena it often takes money to make money. 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 over extend your existing cash flow and threaten your existing business.
What type of financing allows you to expand or maintain your practice but without the limitations outlined above? Call us and find out!
The Problem with Traditional Financing
Traditional financing through banks and the SBA can suit your needs but there are some things to consider. For example, the process can take weeks and sometimes many months elapse between the time of application and your firm receiving the law firm loan.
Also on the list of “cons” for this type of financing is that most applicants are rejected, especially if the principals have less than stellar personal credit ratings.
Further, business records and detailed personal information is reviewed and is a major part of the approval process. This means that traditional financing can be very difficult with younger firms. Finally, some traditional law firm loans have restrictions on the manner in which you use the loan proceeds.
Because of the inherent problems with securing traditional financing through traditional means, a lawyer loan marketplace emerged, offering specialty financing options for law firms involved in contingency and/or partial contingency fee arrangements with their clients.
Law Firm Loans – a Viable Alternative Funding Option
Lawyer loans are specialty financing transactions in which a law firm pledges a portion of the future proceeds of their contingency fee agreements in return for a quicker influx of capital than would otherwise be available through traditional sources. Law firm loans are approved based upon the anticipated winning of fees in pending litigation.
Normally, cases involving mass torts or other class actions are involved with this type of arrangement. However, law firm financing is also offered to personal injury practices where there is a substantial amount of personal injury clients retained. Sometimes this type of law firm financing is known as portfolio financing.
Law firm loans can be extremely flexible funding options for legal professionals. For example, some law firm loans are non-recourse. Others are based upon your portfolio of cases but allow partial repayment in the event of unforeseen losses. The partial repayment allows the firm the time to earn more fees and make good on the arrangement.
Fair Rate Funding understands the value of your contingency fees. Our programs are extremely flexible thus allowing us to meet all the financial needs of your business. When you need cash for expenses, marketing, experts, office space or whatever, the answer is a law firm loan from Fair Rate Funding.
If You Have Any Questions, Call 888-964-2224
What Sets Us Apart?
Why should you choose us? Let’s count the ways:
- We have 50+ years of law firm loan experience.
- We are lawyers and legal professionals ourselves.
- We have a wide variety of funding tools at our disposal.
- We represent multiple investing pools, each with its own favorite niche.
Our extensive experience allows us to uncover exactly what type of program you need and place you into the best possible law firm loan situation. Use our experience to your benefit – what have you got to lose?
After all, we want what you want. We don’t charge you anything unless we secure you financing. Our success depends on your success. And we have a long history of successes. It’s that simple.
Other Benefits Include:
Does funding through Fair Rate Funding make sense for your firm? Reach out to us today and we can discuss your funding options. Some additional features include:
- The ability to fund without personal guarantees
- No additional partners or transfer of equity in your firm
- Easy application process
- Unrestricted use of funds
How to Apply for Law Firm Loans
Whether you need capital to expand your practice or simply endure some temporary cash flow issues, applying for law firm financing has never been easier. Simply call us at 888-964-2224 and we’ll get you started. We understand you have a choice of lenders and are eager to earn your business. You can also visit our contact page and reach out from there. We will be in contact shortly thereafter.
Thank you for your interest in law firm loans from Fair Rate Funding.