Solicitors Business Loans — Specialist Funding for UK Law Firms
Summary: If your legal practice needs working capital, cash flow support while awaiting settlements, funding for expansion, or investment in technology and compliance, Fast Business Loans can quickly match your firm with suitable lenders and brokers. We introduce practices to finance partners — we do not lend — and our free enquiry is an eligibility-check only (from £10,000+). Complete a short form to Get Started – Free Eligibility Check and receive tailored introductions from solicitors-savvy lenders and brokers.
At a glance
Fast Business Loans connects UK solicitors and legal practices with a curated panel of lenders and brokers who specialise in professional and practice finance. Our service is free, quick and non-binding. Submit a brief enquiry and we’ll match your practice to partners who understand the cashflow cycles of legal work — from personal injury settlements to retained client matters.
Get Started – Free Eligibility Check
Important: Completing our enquiry is not a loan application. It provides information that allows Fast Business Loans to introduce your practice to suitable lenders or brokers who may then contact you to discuss options.
Understanding funding challenges for solicitors
Legal practices face a distinct set of cashflow pressures. Recognising these helps match you with the right finance product quickly.
- Delayed settlements and long case lifecycles (especially PI and contingency fee work)
- Large case-related expenses paid upfront (experts, counsel, disbursements)
- Timing differences between billable work and receivables
- One-off capital needs — premises, fit-outs, or IT/compliance upgrades
- Payroll spikes during growth or seasonal demand
Common finance use cases for legal practices
Cashflow smoothing
Bridge the gap between work-in-progress, client receipts and settlements so you can pay staff and suppliers on time.
Practice expansion & premises
Fund new offices, refurbishments or relocations without draining working capital.
Technology, compliance & case management
Invest in case management systems, cybersecurity or data protection measures that keep your firm competitive and compliant.
Hiring and operational growth
Finance recruitment, training or marketing to grow case volume and margins.
Ready to explore options? Free Eligibility Check
Loan & finance options available
Below is a concise comparison of common finance types used by legal practices. Exact eligibility, rates and terms depend on lender criteria and your firm’s circumstances.
| Product | Typical amounts | Best for | Key considerations |
|---|---|---|---|
| Business term loans | £10,000 – £1m+ | Medium-term working capital, expansion | May be unsecured or secured; fixed repayments |
| Invoice finance | From £10k (dependent on invoices) | Unlock cash tied in unpaid invoices | Fees vary by debtor profile; ongoing facility |
| Asset & equipment finance | £10,000+ | IT systems, office fit-out, furniture | Secured against assets; can preserve capital |
| Bridging finance | Typically £50k+ | Short-term gaps pending settlement | Higher costs; short-term repayment expected |
| VAT / tax funding | Varies | Manage VAT bills or tax timing issues | Help manage HMRC timings; fees apply |
Each product has trade-offs: cost vs speed, secured vs unsecured, short vs long term. Our partners will explain suitability for your practice.
How Fast Business Loans supports solicitors
We act as a fast introducer — not a lender. Our process is designed for speed, discretion and relevance.
- Quick Enquiry: Give us a few details about your firm and funding need (takes under 2 minutes). Get Quote Now.
- Targeted Match: We match your practice with selected lenders or brokers experienced in legal-sector finance.
- Introduction & Response: Lenders/brokers contact you directly to discuss terms, timescales and documentation.
Our introductions increase the chance of speedy, relevant proposals because partners we select understand solicitor cashflows and compliance demands.
Eligibility snapshot & documents checklist
Typical lender checks focus on trading history, revenue, and case pipeline. Requirements vary by product and provider.
Typical lender criteria
- Minimum loan sizes usually start from around £10,000.
- Limited companies and LLPs with trading history (varies by lender).
- Turnover and profitability benchmarks relative to requested amount.
- Credit profile of the business and directors.
- Evidence of lawful practice and professional indemnity insurance (PII).
Documents to have ready
- Recent management accounts (last 3–12 months).
- Aged debtor ledger and case WIP summary (where applicable).
- Bank statements (typically 3–6 months).
- Cashflow forecast or funding purpose statement.
- Evidence of PII and any SRA-required compliance documentation.
Providing clear management information speeds lender decisions. Submitting details to us does not guarantee an offer.
Preparing a strong enquiry
Improve your chances by presenting concise, accurate information:
- Be clear about the amount needed and how funds will be used.
- Highlight recurring revenue streams and regular client receipts.
- Include a simple cashflow forecast showing how the finance will be repaid.
- Disclose any previous loan refusals and brief reasons — transparency helps find the right partner.
- Have compliance information (PII, SRA bookkeeping approach) available to reassure lenders.
Case study (anonymised)
A mid-sized personal injury firm with £1.2m annual fees needed short-term bridging while awaiting a series of settlements. After a Fast Business Loans enquiry, a specialist broker arranged a tailored bridge facility that released £150,000 within 7 days. The firm used funds to pay counsel and experts, bridged cashflow, and repaid the facility on receipt of settlements three months later.
Past results are illustrative; outcomes vary by firm and lender.
What happens after you apply
- We review your enquiry and match you with suitable partners (typically within business hours).
- The selected lender or broker will contact you to clarify details and request documents.
- Lender assessment progresses — some require soft credit checks first; others proceed to full underwriting once you agree.
- If terms are acceptable, you deal directly with the lender/broker to complete agreements and drawdown.
Your privacy is respected: we only share your details with partners relevant to your request and who can help your firm.
Costs, fees & transparency
Fast Business Loans does not charge solicitors for introductions. Any lender or broker fees will be disclosed by that provider before you sign any paperwork.
All finance is subject to status. Submitting an enquiry is non-binding and does not commit you to a credit search — we aim to use soft checks initially where possible and will confirm before any hard credit search.
Frequently asked questions
Can my firm apply if we were declined elsewhere?
Yes — because our panel includes specialist lenders and brokers who consider different underwriting criteria, another provider may be able to help.
Will my credit score be affected?
Completing our enquiry does not trigger a hard credit search. Lenders will always inform you before carrying out a credit check.
How fast can funding be arranged?
Timescales vary by product. Some unsecured facilities or invoice finance can be in place within days once documents are provided; secured or larger facilities may take longer.
Is this a loan application?
No — the enquiry is an eligibility check used to match your practice with suitable lenders or brokers.
Resources & next steps
- solicitors business loans — further sector guidance and detail on lenders who specialise in legal practice finance.
- Solicitors Regulation Authority guidance on practice financial management (search SRA website).
- HMRC information on VAT and payment arrangements.
Ready to compare finance options? Start Your Enquiry – Free Eligibility Check (takes less than 2 minutes).
Fast Business Loans acts as an introducer to UK-based lenders and brokers. We do not lend funds or provide regulated financial advice. All finance is subject to lender assessment and status. Submitting an enquiry does not guarantee an offer.
Get a tailored introduction for your practice
One quick enquiry lets us match your firm with solicitors-savvy lenders and brokers who can provide quotes and next steps. There’s no cost and no obligation to proceed.
Get Started – Free Eligibility Check
We only share your details with selected finance partners relevant to your request. See our Privacy Policy for full details.
1) What are solicitors business loans for UK law firms?
Solicitors business loans are tailored finance options—such as term loans, invoice finance, asset and equipment finance, bridging finance and VAT/tax funding—designed to support law firm cash flow, growth and compliance needs.
2) Is the Fast Business Loans enquiry an application?
No, it’s a free, non-binding eligibility check used to match your legal practice with suitable lenders or brokers, not a loan application.
3) What is the minimum amount we can request?
Many partners consider facilities from around £10,000 upwards, depending on product and firm profile.
4) Will checking eligibility affect our credit score?
Submitting the enquiry does not trigger a hard search, and any lender will seek your permission before running credit checks.
5) How fast can a UK law firm get funding?
With documents ready, some unsecured or invoice finance facilities can be set up within days, while larger or secured deals may take longer.
6) What can law firm funding be used for?
Common uses include smoothing cash flow while awaiting PI settlements, paying disbursements and counsel, refurbishments, opening offices, hiring, and investing in case management, cybersecurity and compliance.
7) What eligibility criteria do lenders use for solicitors’ finance?
Lenders typically assess trading history, turnover and profitability, credit profile, case pipeline/WIP, lawful practice status and evidence of PII.
8) What documents should our practice prepare?
Be ready with recent management accounts, bank statements, aged debtor and WIP summaries, a cash flow forecast or purpose statement, and PII/SRA compliance evidence.
9) Are facilities secured or unsecured, and will a personal guarantee be needed?
Both secured and unsecured options exist, and requirements such as security or personal guarantees depend on the lender, product and your firm’s strength.
10) What fees apply and do you charge for introductions?
Fast Business Loans doesn’t charge solicitors for introductions, and any lender or broker fees will be disclosed transparently before you proceed.
