Disbursement Financing Standard Features
No interference with current bank relationships.
Our loans are subordinate to and will not affect the current credit arrangements with your bank.
No interference with client relationships.
Our loans are not obligations of your clients and do not require client consent, acknowledgement or any change in your retainer agreements. Accrued interest on our loans is therefore fully tax-deductible by your law firm.
Flexible payment arrangements.
Interest and principal payments can be deferred until specific files are resolved, perfectly matching your firm's cash flows.
No set-up fee, stand-by fee or minimum draw requirements.
Borrow funds only if and when required, and only pay interest on amounts drawn.
No requirement to pledge personal assets as security.
Our loans are secured by your firm's disbursements and fees. You will not have to pledge your home or other personal assets as security for our loans.
Efficient process with minimal administration.
Loan proceeds can be advanced within as little as 24 to 48 hours.
BridgePoint offers a range of flexible, cost-effective alternatives to meet any law firm's funding needs.
There are applications available for individual disbursement, shelf credit or general law firm financing.
When I decided to establish my own practice, I had to finance the disbursements and partial legal fees for more than 100 files. On top of this I faced the serious expenditures of a new office, new staff and marketing. Bank financing alone would never have been sufficient. It was BridgePoint's understanding and financial support that ultimately made the decision a reality, and they've been a valued financial partner in my growing practice ever since.
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