Solicitors Business Loans — Fast, Simple Funding for UK Law Firms
Running a legal practice demands flawless client service, compliant operations, and dependable cash flow. Fast Business Loans connects UK solicitors and incorporated law firms with trusted finance brokers and lenders who understand the legal sector — so you can access suitable funding quickly and get back to billable work.
- Free to use. No obligation to proceed.
- Soft enquiry that won’t affect your credit score.
- Sector-aware partners who understand SRA rules, PII cycles, WIP and disbursements.
- Facilities typically available from £10,000 and up.
What Is Solicitors Business Finance?
Solicitors business finance refers to funding designed around the realities of running a legal practice. Whether you’re an SRA-regulated partnership, LLP, or limited company law firm, our partners can help with facilities that smooth cash flow, cover seasonal costs, fund growth, or bridge timing gaps between work in progress (WIP), disbursements, and payment.
Common reasons legal practices seek funding
- Professional Indemnity Insurance (PII) premiums and renewals
- VAT and corporation tax bills
- Hiring fee-earners or support staff
- Case acquisition and marketing
- Office fit-out, IT upgrades, practice management systems (PMS)
- Vehicles and equipment for legal aid/community work
- Mergers, partner buy-ins and restructures
- Cash flow gaps while awaiting settlements or billed fees
Finance Options for Solicitors and Legal Practices
Every law firm is different. Our panel includes specialists with experience across claimant, defendant, commercial, conveyancing, family, criminal, and legal aid practices. Depending on your situation, you may be introduced to one suitable lender or broker for the following products:
Unsecured Business Loans
- Use for working capital, recruitment, marketing, or general cash flow.
- Typical terms 6–60 months.
- No tangible asset security required; personal guarantees may apply.
Revolving Credit Facilities
- Draw what you need and pay interest only on the balance.
- Ideal for short-term WIP bridging or uneven fee cycles.
- Useful alternative to increasing an overdraft.
VAT & Tax Loans for Solicitors
- Spread VAT and/or corporation tax bills over manageable instalments.
- Protects day-to-day cash flow without touching client money (never permitted) or overdrafts.
Professional Indemnity Insurance (PII) Finance
- Spread the cost of annual PII premiums, a major outlay for many firms.
- Keep working capital free for operations and growth.
Disbursement Funding
- Facilities to fund third-party costs (e.g., counsel, court fees, expert reports).
- Reduce pressure on cash flow for case-heavy practices.
WIP and Litigation Finance (Specialist)
- Bespoke solutions linked to WIP or case portfolios.
- Typically suited to firms with robust case data and strong track records.
- Specialist underwriting; assessment and terms vary.
Asset & Equipment Finance
- Fund IT, telephony, PMS, vehicles, and office equipment.
- Options include leases, HP, and refinance of existing assets.
Invoice Finance (Where Applicable)
- Some commercial or panel-fee models may suit invoice finance.
- Unlock cash tied up in billed but unpaid fees.
Note: Availability and terms depend on your firm’s circumstances, credit profile, and the policies of individual lenders/brokers. Our role is to introduce you to suitable partners who can discuss your options in detail.
How Fast Business Loans Works (Simple 4-Step Process)
- Complete a 2-minute Enquiry
Tell us about your practice, what you need funding for, and your contact details. No impact on your credit score. - Matched with a Trusted Partner
We typically introduce you to one UK broker or lender experienced in law firm funding. - Rapid Response
Expect a call or email to discuss your needs, indicative options, and next steps. - Compare and Decide
Review the quote and terms and choose the best fit for your firm. There’s no pressure or obligation to proceed.
Eligibility and Documents — What Lenders Typically Look For
Eligibility varies, but being prepared speeds things up. Depending on the facility, partners may request:
- Firm details: legal structure (LLP/Ltd/Partnership), SRA number (where relevant), time trading, headcount
- Financials: last filed accounts, recent management accounts, 3–12 months bank statements
- WIP/disbursement data: aged WIP reports, case portfolio metrics, settlement cycles (if relevant)
- Debtors/creditors: aged debtor/fee ledger
- PII schedule and renewal details (for PII finance)
- Identification and anti-money laundering checks for partners/directors
Good to know: Newer practices may still be eligible via certain partners. Previous declines elsewhere don’t automatically mean a no — different lenders have different criteria.
Costs, Terms, and Responsible Borrowing
- Pricing: Interest rates, fees, and terms are set by lenders or via brokers and depend on your firm’s profile, facility type, and market conditions.
- No surprises: Partners will outline total costs, repayment schedules, and any security/guarantee requirements before you decide.
- Credit checks: Your initial enquiry through Fast Business Loans doesn’t affect your credit score. If you proceed, lenders may run credit and affordability assessments.
- No advice: We’re an introducer, not a lender or financial adviser. Consider independent advice if you’re unsure whether a product is suitable.
Important: Client account funds must never be used for operating expenses. Any funding solution must comply with SRA Accounts Rules and your firm’s professional obligations.
Why Choose Fast Business Loans for Solicitors Finance?
- Legal sector familiarity: Partners who understand SRA compliance, PII cycles, legal billing models, WIP and disbursements.
- Speed: Short enquiry. Fast response. Keep focus on clients and cases.
- Choice: One simple enquiry, matched to a suitable UK-based broker or lender.
- Fair, clear and not misleading: We share your details only with relevant partners.
- Free to use: There’s no charge to your firm for our introduction service.
Real-World Use Cases (Illustrative Examples, Not Financial Advice)
- PII Premium Smoothing
A 12-fee-earner practice spreads a £120k PII renewal over 10 months via a specialist premium finance provider, preserving working capital at renewal time. - VAT Bridging
A conveyancing-heavy firm spreads quarterly VAT to avoid disrupting completions and staff onboarding. - Disbursement Funding
A claimant firm finances expert reports and court fees on multi-track matters, ensuring cases progress without draining cash flow. - IT & PMS Upgrade
A growing firm finances a new practice management system and server upgrades via asset finance, reducing upfront costs.
Results vary. Eligibility and outcomes depend on your circumstances and the lender’s assessment.
Frequently Asked Questions — Solicitors Business Loans
Are you a lender?
No. Fast Business Loans is a free introducer. We connect UK law firms with trusted brokers and lenders who provide finance directly.
Will my enquiry affect our firm’s credit score?
No. Completing our enquiry form doesn’t affect your credit score. If you proceed, a lender or broker may conduct credit checks.
Can you help with disbursement or WIP funding?
Yes — we work with specialist partners for disbursement and WIP-related facilities where appropriate. Availability depends on case profile, data quality, and underwriting criteria.
Can we finance our PII premium?
Many firms spread PII premiums using premium finance. We can introduce you to partners who offer structured options.
What loan amounts are available?
Facilities typically start from around £10,000 and can extend to several million, depending on product type and firm profile.
Do you support new legal practices?
Some partners work with newer firms. Be ready with a business plan, projections, and relevant experience.
How quickly can we get funding?
Responses are usually within hours. Completion timelines vary by product and documentation, from a few days for simple unsecured facilities to longer for specialist solutions.
What will it cost us to use your service?
Nothing. Our service is free for businesses to use. If you proceed, any broker fees or lender costs will be disclosed by the partner before you decide.
Important Information and Compliance
- Fast Business Loans is not a lender and does not provide financial advice. We act as an introducer, connecting UK businesses with brokers/lenders.
- All financial promotions aim to be fair, clear, and not misleading. Terms, eligibility, and costs are set by partners and will be disclosed before you proceed.
- Your enquiry does not affect your credit score; credit checks may be performed by partners if you choose to progress.
- Ensure any borrowing is affordable and suitable. You may wish to seek independent professional advice.
- SRA Accounts Rules must always be followed. Client money must never be used for operational expenses.
Ready to Explore Your Options?
- 2-minute form
- No obligation
- Fast response from sector-aware professionals
Related Pages
– What is Fast Business Loans and how does it work? Fast Business Loans is a free UK matching service that connects your business to trusted lenders and brokers in minutes based on your funding needs.
– Are you a lender or financial adviser? We’re not a lender and don’t provide financial advice; we introduce you to vetted UK brokers and lenders who can offer finance directly.
– Does submitting an enquiry affect my credit score? No—the initial enquiry won’t impact your credit score, and any credit checks happen only if you choose to proceed with a lender.
– How fast can I get matched and funded? You’ll typically hear from a broker or lender within minutes to a few hours during business hours, with funding speed dependent on product type and approval.
– How much can I borrow and what terms are available? Our partners can arrange business finance from around £5,000 to £5 million+ with terms tailored to your sector and circumstances.
– What types of business finance can you connect me with? We connect UK businesses to unsecured business loans, cash flow loans, asset and equipment finance, invoice finance, vehicle finance, fit‑out finance, refinance, commercial finance, and sustainability loans.
– Do you support start-ups, SMEs, or businesses with bad credit or previous declines? Yes—many partners specialise in start-ups, growing SMEs, and applicants with imperfect credit or past declines.
– Which industries do you support? We support a wide range of UK sectors including construction, hospitality, retail and e‑commerce, logistics and transport, healthcare, agriculture, professional services, manufacturing, and more.
– Do you charge fees, and am I obliged to proceed? Our service is free to use and there’s no obligation to proceed with any offer you receive.
– What information do I need to start my enquiry? You only need basic business details, the funding amount and purpose, and your contact information via our quick 2‑minute form.
