Attorney Funding
With more than 443,000 law firms in the United States, over 60% of which are solo or small firms, it’s crucial to distinguish yourself from the competition. Secure up to $500,000 in funding to expand your law practice within as little as 24 hours.
Attorney Funding
With more than 443,000 law firms in the United States, over 60% of which are solo or small firms, it’s crucial to distinguish yourself from the competition. Secure up to $500,000 in funding to expand your law practice within as little as 24 hours.
Reliable Alternative
Attorney Funding
Due to higher-than-average income, strong cash flow, and profitability, law firms might secure funding through traditional lenders like banks or the SBA. However, this process can take months, and approval isn’t guaranteed, causing potential growth opportunities to be missed.
As an alternative lender, ASAP Capital offers more attorney funding approvals than traditional lenders and does so more quickly, with funds available in as little as 24 hours. We provide various small business funding options to support your law practice’s growth, ranging from $3,000 to $500,000. Our funding is available for all legal specialties and firm sizes, including solo, small, and large law firms.
Law Firm Funding Rates
Attorney funding rates vary depending on the type of alternative small business funding you choose. Most alternative funding options for attorneys use a factor rate rather than a traditional interest rate. Factor rates are simple decimal numbers that indicate the additional amount owed on the original loan and are determined based on a risk assessment.
Reliable Alternative
Attorney Funding
Due to higher-than-average income, strong cash flow, and profitability, law firms might secure funding through traditional lenders like banks or the SBA. However, this process can take months, and approval isn’t guaranteed, causing potential growth opportunities to be missed.
As an alternative lender, ASAP Capital offers more attorney funding approvals than traditional lenders and does so more quickly, with funds available in as little as 24 hours. We provide various small business funding options to support your law practice’s growth, ranging from $3,000 to $500,000. Our funding is available for all legal specialties and firm sizes, including solo, small, and large law firms.
Law Firm Funding Rates
Attorney funding rates vary depending on the type of alternative small business funding you choose. Most alternative funding options for attorneys use a factor rate rather than a traditional interest rate. Factor rates are simple decimal numbers that indicate the additional amount owed on the original loan and are determined based on a risk assessment.
Attorney Funding Solutions
Our knowledgeable and approachable Funding Advisors will collaborate with you to identify the best funding option to help you achieve your goals without impacting your firm’s cash flow.
Attorney Funding Solutions
Our knowledgeable and approachable Funding Advisors will collaborate with you to identify the best funding option to help you achieve your goals without impacting your firm’s cash flow.
How to Utilize Attorney Funding
There are no restrictions on how you can use alternative attorney funding. This type of funding is especially beneficial for supporting growth initiatives that can enhance your firm’s revenue, including:
Purchasing new office equipment, such as scanners or computers, or investing in technology to enhance operations and efficiency
Renovating or remodeling your office to provide a more comfortable client experience
Hiring experts or additional support staff to assist with cases or introduce new legal specialties to your practice
Expanding your practice or acquiring another practice
Enhancing cybersecurity measures
Investing in continuing education and training for you and your staff
Boosting your marketing and advertising efforts to attract more clients
Sometimes, law firms may also require a quick infusion of working capital to address the unique challenges of their field, such as:
Extended accounts receivable periods
Contingency cases that limit cash flow
Adapting to rapid technology changes
Practice size—where in a private practice, operating costs fall on the sole owner, while in a group practice, costs are shared among all owners
How to Utilize Attorney Funding
There are no restrictions on how you can use alternative attorney funding. This type of funding is especially beneficial for supporting growth initiatives that can enhance your firm’s revenue, including:
Purchasing new office equipment, such as scanners or computers, or investing in technology to enhance operations and efficiency
Renovating or remodeling your office to provide a more comfortable client experience
Hiring experts or additional support staff to assist with cases or introduce new legal specialties to your practice
Expanding your practice or acquiring another practice
Enhancing cybersecurity measures
Investing in continuing education and training for you and your staff
Boosting your marketing and advertising efforts to attract more clients
Sometimes, law firms may also require a quick infusion of working capital to address the unique challenges of their field, such as:
Extended accounts receivable periods
Contingency cases that limit cash flow
Adapting to rapid technology changes
Practice size—where in a private practice, operating costs fall on the sole owner, while in a group practice, costs are shared among all owners
How Law Firm Funding Works
APPLY
Collect 3 months of bank statements and other necessary documents. For expedited approval, provide secure access to your bank account’s transaction data.
CHOOSE FUNDING
A Funding Advisor will contact you within 1 hour (during regular business hours) to finalize your application and discuss funding options.
GET FUNDED
Once you and your Funding Advisor agree on the best funding solution for your business, funds can be approved and deposited within 24 hours.
SET REPAYMENT
Repayment occurs when your client pays their invoice. We handle the collection process professionally and remit the remaining amount to you, deducting our fees.
How Law Firm Funding Works
APPLY
Collect 3 months of bank statements and other necessary documents. For expedited approval, provide secure access to your bank account’s transaction data.
CHOOSE FUNDING
A Funding Advisor will contact you within 1 hour (during regular business hours) to finalize your application and discuss funding options.
GET FUNDED
Once you and your Funding Advisor agree on the best funding solution for your business, funds can be approved and deposited within 24 hours.
SET REPAYMENT
Repayment occurs when your client pays their invoice. We handle the collection process professionally and remit the remaining amount to you, deducting our fees.
Are You Eligible for Attorney Funding?
Exact qualification requirements vary based on the type of attorney funding you seek. Approval for attorney funding from ASAP Capital isn’t based solely on your credit score or financial history. We focus on the overall health of your practice, including:
Income generated by the business
Duration of business operation
Cash flow management
History of payments to vendors
Duration of business operation
Publicly available records
Attorney Funding Guides
Loans for Lawyers: The Comprehensive Guide to Business Financing for Attorneys
6 Indicators That It’s Time to Expand Your Law Firm
Top Loans for Law Firms: How Attorneys Can Utilize Merchant Cash Advance Funding
Attorney Funding Guides
Loans for Lawyers: The Comprehensive Guide to Business Financing for Attorneys
6 Indicators That It’s Time to Expand Your Law Firm
Top Loans for Law Firms: How Attorneys Can Utilize Merchant Cash Advance Funding
Damon: (619) 453 5737
