LEGAL PROFESSIONAL FINANCING

Professional Practice Financing

• Working capital line of credit, financing client receivables and client costs advanced.
• Renovations and construction; including tenant improvements; office equipment and furnishings, and other related expenses.
• Competitive terms.

Build a network of trusted advisers. It is important to align yourself with industry-specific advisers who will help you with many important decisions. Trusted advisors should include:

• An legal-specific banker. Align yourself with a banker who understands the nuances of your industry and is familiar with the financial challenges and opportunities of a legal practice. There is true value in a banker who can guide you through all phases of your practice’s financing needs. We recommend that you work with a specialized banker. Seek out a banker with local decision makers that understand the local market.
• A specialized CPA. Just as you would consider referring difficult or complex matters to a specialist; a specialized Certified Public Accountant is highly recommended. We encourage your to have a conversation with a CPA who works with a number of legal profession clients.

Practice Succession

• Customized loan amounts that assist with succession of partnerships, ownership.
• Interest-only payments available while adjusting to change.
• Competitive terms to keep payments low and affordable.
• Fixed-rate terms to meet your specific needs.
• The ultimate in flexibility and control with principal reduction and early payoff options.
• Succession and real estate combination loans that simplify your financial life.
• Local decision making with short approval times.

Purchase or refinance a building

We offer a complete compliment of real estate loan products including mortgages, refinancing, and more. We can also combine practice purchase and commercial real estate acquisition financing.
All of our financing solutions are customizable to your needs:

• Conventional loans with easy applications.
• Local decision making with short approval times.
• Low payments with minimal cash outlays.
• Competitive terms to keep payments low and affordable; Interest-only payments available while you adjust to ownership.
• Small Business Administration (SBA Advantage/SBA Evergreen). As a preferred SBA lender we can explore the many benefits of SBA supported financing.

Improvement, expansion and relocation

• Up to 100% financing.
• Interest-only payments, convertible to fixed term.
• Flexible payment terms during the draw period.
• Competitive terms to keep payments low and affordable.
• Local decision making with short approval times.

IOLTA Accounts and other Deposit Services

• IOLTA accounts, with interest benefitting the Legal Foundation.
• Individual client trust accounts, with interest benefitting your clients.
• A full array of business and personal banking services.