LegalMatch Financial Services offers full law practice financing for small law firms and solo practitioners. With a variety of loans and other financing options to choose from, you determine the best fit to manage the entire growth and expansion you would like to see in your practice in the coming years.
Our flagship credit facility is a revolving business line of credit. Rates range from Prime Rate + 2% to Prime Rate + 4.5%. Currently, the Prime Rate is at 5.25%. Terms are favorable, and the amount of the line is limited to the lesser of $250,000 or 80% of your firm’s assets plus $50,000.
We also offer other lines of credit through our preferred relationship with Telesis Community Credit Union, all at favorable rates and terms consistent with those offered by non-profit credit unions.
Finally, all of these options are coordinated through LegalMatch Financial Services. We will work closely with you and your Allocation Manager to determine which options make the most sense for your law practice and financial needs, and will manage the process and the paperwork, in order to keep you focused on meeting the needs of your clients. |