Articles on Preparing for Financing

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Due Diligence: What is it and what to expect?

By | on 01, Oct 2018 |   Preparing for Financing

Making the decision to obtain financing—a line of credit, term loan, non-recourse advance, or some variation thereof—is a big step for most plaintiff attorneys.) Often the determination isn’t made on [...] Read More

The Pay Out: How Long will it Take to Get Funding?

By | on 17, Sep 2018 |   Preparing for Financing

You want working capital to cover case expenses, employee salaries, taxes, advertising or other needs of your firm, but getting financing can take time—time you don’t necessarily have. Those few funde[...] Read More

Whose budget is it anyway?

By | on 18, Jun 2018 |   Preparing for Financing

President George W. Bush once famously said, “It’s clearly a budget. It’s got a lot of numbers in it.” For many of us, that sentiment aptly expresses a certain apprehension and even the disdain we fee[...] Read More

What do lenders look for in potential law firm clients?

By | on 11, Jun 2018 |   Preparing for Financing

As a law firm owner, you know what’s best when it comes to business support for your practice. Over the course of managing your firm, you may seek out new staff, an accounting professional during tax [...] Read More

5 Steps to Securing a Law Firm Loan

By | on 25, May 2018 |   Preparing for Financing

Getting a loan or line of credit can sometimes be a lengthy and complicated process. But, it doesn't have to be. Knowing what to expect when you apply for financing from a specialty lender can help yo[...] Read More

Using a Budget to Determine Your Firm’s Financial Needs is Easier Than You Think

By | on 21, May 2018 |   Preparing for Financing

So you want to build your law practice with a line of credit, but how do you budget for it? Follow these 3 simple steps. Specify how you’ll use the funding Before you can budget for a line of credit, [...] Read More

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