Like those in any business, sometimes law firms and attorneys need extra capital. Given the lean nature of today’s economic situation, many attorneys and firms are making do with less staff and finding it more and more difficult to pay expenses.
Fortunately, some banks have begun to specifically address this need, by providing attorney loans. Esquire Bank provides attorney loans and other financial products expressly tailored to attorneys, with its attorney loan program. Attorneys can use attorney loans for advertising, payroll, case cost funding, disbursement funding, or other operating expenses.
In essence, law firm loans and attorney loans enable attorneys to stop making interest-free loans to their clients. This ensures greater financial stability and success down the road. Law firms and attorneys will find many solutions available to them as a result of attorney loans.
The business of running a law firm has never been easy. Attorney loans help attorneys maximize profits and provide the best legal representation possible, a win/win situation for attorneys and their clients.