If you own a growing legal practice, you will already know that there is immense potential to build a successful business. Not only is the law diverse and ever-changing but also there is plenty of room for profitable specialisation, whether you set yourself up as a practice dealing with family law or a specialist GDPR advisor.
All legal firms need investment to thrive and grow, and the costs involved in setting up a successful practice can be heavy. For smaller practices, it is not always practical to dip into financial reserves. Doing so can diminish the liquidity of the business and expose it to risk by removing a financial safety cushion.
At the same time, there are office premises to furnish, software to buy, new paralegals to recruit, training and accreditation courses to attend, marketing campaigns to run, court costs to deliver, and myriad other investment and operational costs that must be met as you grow your fledgling operation and take it from promising startup to thriving scale-up!
Fortunately, Century Business Finance offers <strong>loans</strong> for all business purposes to legal practices of all sizes. We have a large number of legal practice clients that borrow from us when they need to invest for growth, to overcome a financial challenge, or to invest in a new opportunity.
Our loans have highly attractive features that are designed to suit the needs of busy legal practices; for example, we can lend from £25k to £500k for an unsecured loan and from £20k to £1m for a secured loan. Our interest rates start from just 4.8 per cent and our repayment plans are fixed so that you can plan and budget ahead with certainty.
Choose the term that suits your needs, from six months to five years, and know that you can repay early without penalty if you wish. You will simply repay less interest overall! We pride ourselves on imposing no upfront charges or hidden fees and we are transparent and open in our dealings. This helps to explain why our customers prefer to use us on a repeat basis when they need to fund their growth plans and often refer us to their network.
At the same time, we are extremely fast and efficient in our loan services. Apply online with our short form and we will make an instant lending decision in just a few hours. This means the funds can be in your bank account the following working day, enabling you to move ahead with your plans without delay. Even better, we accept nine out of ten applications, making us one of the most generous lenders on the market.
Are you ready to move ahead and access the business funding you need to thrive and grow today? Contact our friendly and helpful business lending team for further advice or to discuss your individual business situation. Alternatively, take five minutes to complete the <strong>short online application form</strong> and we will be in touch on the same day to confirm approval of your loan and the next steps. At Century Business Finance we make it easier for legal practices to thrive and grow with the right finance for all occasions – at the right time and with the right terms!