Why solicitor practices choose Fast Business Loans

Solicitor firms commonly face specialised funding needs—delayed client settlements, regulatory costs, partner drawings, and the requirement to invest in technology and premises. Fast Business Loans is a focused introducer that connects law firms with lenders and brokers experienced in serving legal practices. We do not lend; we quickly match your enquiry to the best providers so you can compare options without searching dozens of firms yourself.

• Sector expertise: matches to partners who understand legal cashflow patterns.
• Speed: short enquiry form, rapid responses from multiple providers.
• Clarity: no-obligation, free eligibility check — enquiry is not a formal application.
• From £10,000: we help firms seeking finance of £10,000 and above.

Get Started — Free Eligibility Check

How our service works for law firms

Our process is designed to be fast, discreet and informative. Submitting an enquiry gives us the information we need to connect you with the lenders or brokers best placed to help — it is not a loan application and won’t automatically trigger credit checks.

Step 1: Quick enquiry form

Complete a short form with basic business details, the amount you need and the purpose. It typically takes under two minutes.

Step 2: Tailored lender matching

We review your details and match you with suitable finance partners who specialise in legal practices and the product you need.

Step 3: Rapid response from finance experts

Selected brokers/lenders contact you to clarify requirements and may request documents to prepare indicative offers.

Step 4: Compare, choose, proceed

Receive multiple no-obligation quotes, compare terms and decide whether to progress. Only then might formal credit checks occur.

Note: Making an enquiry does not affect your credit score. To start, Start Your 2-Minute Enquiry.

Funding challenges solicitors face & how finance helps

Managing case-related cash flow

Personal injury, clinical negligence and other long-tail cases can delay fee receipts for months or years. Fee/funding solutions unlock cash against outstanding bills or WIP so practices can meet payroll and operating costs.

Covering partner drawings & payroll

Seasonal workloads, new hires or recruitment for fee-earners can strain monthly cashflow. Short-term working capital provides breathing room without disrupting operations.

Investing in growth & compliance tech

Investments in case management systems, cyber security, or office refits help practices improve efficiency and client service. Asset finance or unsecured loans can spread the cost over manageable terms.

Fast Business Loans connects you with lenders who understand these needs so you can secure the right product quickly. Get Quote Now.

Finance options available to solicitors

Below are common solutions our partners can provide. Terms vary by lender and the firm’s profile.

Working capital & unsecured business loans

• Use: cover short-term cashflow, payroll, partner drawings.
• Ranges/terms: often from £10k upwards; terms typically 1–5 years.
• Considerations: unsecured options avoid putting assets at risk but may carry higher rates.

Professional practice loans

• Use: regulatory fees, professional indemnity (PI) insurance premiums, compliance costs.
• Ranges/terms: lender-dependent; structured to match large periodic costs.

Borrowing against WIP / litigation finance

• Use: unlock value from case fees or settlements before they conclude.
• Considerations: specialist providers assess case quality and likely recoveries; structures vary.

Invoice & fee funding

• Use: immediate cash against invoiced fees or client bills.
• Speed: often very fast — same day to a few days depending on provider.

Asset & equipment finance

• Use: fund IT, servers, furniture or specialist legal hardware.
• Terms: hire purchase, leasing or loan structures available.

Property, fit-out & bridging finance

• Use: office purchases, short-term bridging while relocating, or refurbishments for hybrid working.
• Considerations: security and valuation usually required; bridging can be rapid but costlier short-term.

Compare all suitable options by completing a short enquiry: Free Eligibility Check.

Eligibility snapshot for legal practices

Each lender sets its own criteria, but the checklist below gives a quick view of what lenders typically look for:

• Business structure: LLPs, limited companies and partnerships are commonly supported.
• Minimum finance: most partners consider requests from £10,000 upwards.
• Trading history: many lenders prefer trading records, often 6–12 months or more; specialist options exist for newer firms.
• Turnover: lenders assess annual turnover relative to the requested amount and repayment ability.
• Case mix & WIP: strong, recoverable WIP improves chances for fee funding or WIP-backed facilities.

Firms with less-than-perfect credit histories may still qualify through specialist brokers. Check your eligibility in minutes: Check Your Eligibility.

What documents & information law firms may need

Initial enquiries usually require basic details only. If a lender asks for more, common documents include:

• Recent management accounts (3–12 months).
• Aged debtor schedule / aged WIP.
• Bank statements (typically 3 months).
• Details of major cases or expected settlements.
• Business plan or explanation of funding use (growth, payroll, refinance).

Exact requirements vary by product and lender. The enquiry form only asks for essentials to find the right matches — full documentation is requested later if you choose to proceed.

Timeline: from enquiry to funding

Estimated timings (varies by product and lender):

• Enquiry to initial contact: typically within hours to 48 hours.
• Indicative offers: 24–72 hours once the lender has basic documents.
• Formal approval and credit checks: days to weeks depending on complexity.
• Funding: same day (some invoice finance), 1–2 weeks (unsecured loans), several weeks (property/bridging).

Start your enquiry to see how quickly your firm could access funding: See How Fast — Start Your Enquiry.

Why solicitors trust our lending panel

We select partners with proven experience in legal sector finance, ensuring discretion and understanding of trust accounting, client money rules and PI implications. Our introducer role means we present your details to appropriate partners — you then decide who to engage.

For more in-depth sector guidance, see our pillar resource on solicitors business loans.

Connect with specialist solicitor finance partners

Real-world scenarios we support

New hires for a growing family law team

Challenge: cashflow strain from recruitment and onboarding. Solution: short-term working capital secured to spread payroll while revenue ramps up. Outcome: hires retained, client capacity increased.

Bridging the gap on clinical negligence fees

Challenge: long-case timelines. Solution: litigation/WIP funding provider advanced funds against strong case prospects. Outcome: stable monthly cashflow without selling on cases at a steep discount.

Refurbishing offices for hybrid working

Challenge: capital needed upfront. Solution: fit-out finance with manageable monthly payments. Outcome: modern workspace improves staff retention and client impressions.

Investing in LegalTech & cybersecurity

Challenge: one-off high cost. Solution: asset finance/lease spreads cost, preserving working capital. Outcome: safer, more efficient practice operations.

How to maximise approval chances

Practical tips to improve outcomes:

• Be clear about the funding purpose and the repayment source.
• Have up-to-date management accounts and bank statements ready.
• Provide an aged WIP or debtor report where applicable.
• Respond promptly to lender requests — speed matters.
• Be honest about historic credit issues; specialist partners can often assist.

Discuss options with a legal finance specialist: Discuss Your Options.

Fees, costs & transparency

Using Fast Business Loans to submit an enquiry is free and carries no obligation. Lenders and brokers we introduce will disclose their fees, rates or commissions when presenting offers. Rates, fees and APRs vary by product, lender and firm profile — all offers are subject to lender assessment and terms.

Compliance, fairness & data protection

We aim to be fair, clear and not misleading. Fast Business Loans is an introducer — not a lender or financial adviser. Your enquiry is used only to match you with relevant finance partners and is shared securely with selected lenders and brokers. We do not share data beyond partners necessary to respond to your request. For full details, please view our Privacy Policy on the site.

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FAQs: Solicitors business finance

Can I apply if my firm has uneven cash flow due to long cases?

Yes. Many lenders and specialist funders offer facilities tailored to practices with uneven receipts — such as invoice funding or WIP-backed finance. Complete a short enquiry to get matched with appropriate partners.

Will making an enquiry impact my credit score?

No. Submitting the enquiry is not a formal application and won’t affect your credit score. Individual lenders may perform checks later if you progress to an application.

What happens after I fill in the enquiry form?

We match your details to suitable lenders/brokers and pass them the information needed to contact you. Expect responses by phone or email within a few hours to 48 hours, depending on the time of day.

How quickly can funding reach my business account?

Timing depends on product. Some invoice or fee funding can be in place within 24–48 hours; unsecured loans often take days to a couple of weeks; property and bridging may take longer. Your matched provider will give an estimated timeline.

Are your lending partners experienced with solicitors?

Yes. We aim to match you with partners who have experience with legal practices and the specific product you need, so you avoid explaining sector-specific nuances repeatedly.

Ready to explore your options?

Fast Business Loans makes it simple to compare tailored finance options for your solicitor practice. The enquiry is quick, free and not a loan application — just tell us a few details and we’ll do the rest.

Get Started — Free Solicitor Finance Match

Disclaimer: Fast Business Loans is an introducer and does not provide loans or financial advice. Offers, rates and eligibility are determined by the lenders/brokers you are connected with and are subject to their assessment and terms.