The business needed funding for working capital for case costs, payroll and WIP before matters converted into cash receipts. We arranged £295,000. The £295,000 facility completed.
A professional practice can be highly profitable and still hold little in the way of physical security. The right lender understands that.
This solicitors' practice needed a lender comfortable with exactly that profile.
01
The requirement
The business needed funding for working capital for case costs, payroll and WIP before matters converted into cash receipts.
We arranged £295,000.
02
The challenge
The business had to incur costs before the associated customer receipts arrived, creating a timing gap that growth alone would not solve.
03
The structure
We compared appropriate commercial-lending routes and placed the requirement with a lender whose appetite fitted the sector, amount and cash-flow profile.
04
The result
The £295,000 facility completed.
What our clients say
I’d like to say a big thank you to Simon and the team for successfully assisting with the sourcing and placing of our most recent funding. Simon was able to secure a lend when others appeared to have run out of appetite to place business or source viable options. I would highly recommend Simon should you need to raise capital or finance for your business needs.
Solicitors’ practiceManagement teamGoogle review
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Can a professional firm borrow without much physical security?
Often, yes. Lenders that understand professional firms look at fee income, client relationships and the strength of the practice rather than machinery or stock. See funding for professional practices.
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Your business
Could this structure work for your business?
Every case is assessed on its own merits. These pages explain the finance used here and what lenders look at.
Client details are anonymised. Every case is different and past results don't guarantee future outcomes: lenders set their own criteria and all finance is subject to status.
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