Besides perseverance, attorneys require access to working capital to become a successful legal professional. Fortunately, flexible law firm funding from Greenbox Capital is available to meet the complicated financial circumstances attorneys face. Banks are not equipped to evaluate the risk of an attorney whose cash flow is tied up in contingency cases that may or may not bring an award. Forget lenders who evaluate case portfolios and possible legal winnings. They charge exorbitant fees and can take months to respond to applications.
Few law firm funding companies provide sufficient answers for their clients. We, on the other hand, specialize in fast access to small business lending solutions for attorneys. Lawyers may be surprised to know that they can get approved for law firm financing based on their revenue from the past three months. An attorney’s revenue only needs to be at least $7,500 on average for each of the past three months to qualify for $5,000 to $250,000 in business financing. Our law firm financing criteria are especially good news to attorneys just starting out, as you qualify for our services if your business has been in operation for a minimum of six months; personal credit and lack of collateral aren’t obstacles either. So, yes, an attorney with $100,000 or more in personal debt due to law school tuition won’t be automatically turned down.
Solo and Small Law Firms Require Working Capital
If you’re an attorney who joined the ranks of a large firm believing it was your only option, think again. Funding for a solo practice or small legal partnership is easily accessible through Greenbox Capital’s law firm funding solutions. More good news is that we don’t place restrictions on the use of the cash advance. Greenbox Capital has designed convenient and automated payback options to reduce your workload and stress. Our options are also customizable for easy integration into your business’ operations.
Most business owners prefer our first payback model—Automated Clearing House (ACH)—because they can closely track and manage their cash flow. This law firm financing solution consists of a fixed amount deducted from your business’ bank account either on a daily or weekly schedule. Your advance can always be renewed or have an increased limit after you’ve paid 50% of the cash advance.
Your business may qualify for a Business Line of Credit, in which case you can get fast access to funds and not immediately pay back 50% of the original advanced amount.
Take advantage of our other law firm financing solutions. We have an Early Pay-Off program that provides businesses with a factor rate reduction when you pay 30, 60, or 90 days from the date of funding. Or, receive funding before paying off other lenders with our Escrow Program. Greenbox Capital also has a 2 Stip Business Cash Advance Program, so you can have up to $30,000 in fast funds. All you need to provide us with is a voided check, driver’s license, and bank account verification.
Take Your Legal Practice to the Next Level
Attorneys who work on retainers know that small business or non-business clients don’t have the cash on hand to pay retainers up front. The situation forces the attorney to accept credit cards. Then, once the retainer (inevitably) runs out and additional payments are required, many attorneys are left with no other choice than to allow installment payments, which can cause delays in receiving payment. This is another scenario where fast and easy approval business financing from Greenbox Capital is critical to the success of small law firms and solo legal practitioners. With access to working capital through our law firm financing methods, you can keep your cash flow positive until your business makes it to the level. In fact, it’s the best way to make it to the next level.
Law firms or solo attorneys that accept credit cards can obtain up to $250,000 in funding in as little as 24 hours with Merchant Cash Advance (MCA) from Greenbox Capital. This option of financing is sometimes referred to as a Business Cash Advance and is the purchase of your company’s future sales. Payback is mostly automated, and most business owners say they don’t “feel” the repayment. Generally, a business may get approved for a cash advance between 70-100% of their monthly revenue.
¹ Greenbox Capital Merchant Cash Advances may not be available in all regions of the United States or Canada.
² Greenbox Capital Small Business Loans may not be available in all regions of the United States or Canada.
For a free consultation, please complete our application, or contact our Merchant Account Service Team to learn more about our law firm financing solutions.
All About Tires
I have worked with Greenbox over the last couple years when I find the need for working capital and they always provide me with a plan that fits my needs and goals. I would recommend Greenbox to any small business seeking extra funding.I have worked with Greenbox over the last couple years when I find the need for working capital and they always provide me with a plan that fits my needs and goals. I would recommend Greenbox to any small business seeking extra funding.
Quick & Check, LLC gas station
All of us at Quick & Check, LLC have benefited from Greebox Capital’s excellent service, and important contributions to our company’s growth and progress.All of us at Quick & Check, LLC have benefited from Greebox Capital’s excellent service, and important contributions to our company’s growth and progress.
Choice Aire Honduras
Excellent, Professional, Fast, and Honest. This is the second time I have used Greenbox for my needs and they come through as promised. No hassles just professional service. I highly recommend the guys and gals there.
Green Giant Tree Service
Greenbox Capital is our go to experts in small business loans. They are fast, professional and legit! Thank you Greenbox Capital!
Jenny MacFarlane Davis
I had an overall good experience with this company. I would recommend them to any small business owner. Staff was very kind and helpful. Would definitely use in the future if I need them.
Fast and really easy process, funds were available the next day. Thanks to Paulo who helped me and Carla for helping me with the details and answered all my questions and made everything run smoothly.
Excellent, Honest, and Professional. This is the second time they have helped me out and each time is the same great service.