One of the biggest barriers to growing your Practice is lack of funds. Our loans for lawyers facility could be right for you.

Many Practices simply drift along, hoping for organic growth and for working capital to build up in order to expand. Smart Practices don’t wait in hope, they finance their growth with a loans for lawyers facility designed to meet their needs. Successful companies nearly always need to finance growth.

You maybe wary of borrowing – but you’re missing out on a host of innovative finance products, which offer easy and flexible ways to access funds – and to repay them.

The world over, smart business owners recognise a degree of borrowing is often necessary and desirable if their organisations are to realise their full potential. Did you know that today, Practices have more choice, flexibility, and faster provision of funds than ever before through alternative finance and other forms of funding.

Historically businesses have shunned debt, feeling that it just doesn’t make good business sense. In fact, almost half of British SMEs describe themselves as ‘permanent non-borrowers’, meaning they haven’t sought outside funding in the last five years.

Some Practices never borrow and some only when they actively plan to grow, some use personal funds or trade credit whilst the big 4 banks account for 9 out of 10 loans taken out by SME’s.

What We Can Do For You

There is a huge supply of lenders who specialise in the loans for lawyers market, who have the appetite to lend. These new lenders are offering new products that may appeal over the traditional banks, with their speed of service and lack of bureaucracy. The majority are fast-track, unsecured loans so that you can have the funds exactly when your Practice needs it.

Knowing the loan’s repayment terms and being able to repay by Direct Debit will make your debt experience and repayment as painless as possible. and by being properly managed borrowing could make your Practice an even greater success.

It is understandable that there is uncertainty about borrowing in the current economic climate But has there ever been a better time? There is a plethora of borrowing offers now available and with interest rates still at low levels. Practices should be seizing these opportunities to expand and grow.

Debt may not be something to love, but, handled properly, neither should it be a source of fear. With all the new product offerings in the market, the options look different to that which most Practices have experienced before. Debt can be flexible to your needs, easy to access and simple to repay.

Your practice can grow using debt as a tool. It’s often a sign of prosperity rather than distress.

Many dynamic practices find that practice finance provides the cash injection they need to give their growth plans a kick start. Especially as there are more types of funding available to Practices than ever before.