Diagnostics – Imaging
Traumatic Brain Injury Treatment
Inpatient and Outpatient Surgical Procedures
There are a variety of benefits to your firm should you choose to work with a specialty lender over your local bank. We’ve highlighted a few for you:
More borrowing power—typically, a commercial lender can offer two to three times more capital than a bank because banks generally only consider your firm’s hard assets (ie. real estate, owner’s personal assets, etc.) as collateral. By valuing your portfolio of contingent-fee cases, a specialty lender will unlock the value of your future fees. In doing so, your ability to borrow is significantly enhanced and it means you are able to leverage your firm’s most valuable asset.
More flexible terms—a specialty lender that understands your business model, a contingent-fee practice, is able to offer you more flexibility in your financing. Traditional banks do not fully understand the inner-workings of a plaintiffs’ practice and therefore do not have the knowledge to be able to tailor financing to your firm’s specific needs.
Proprietary tracking software—in some cases, a specialty lender may offer fringe benefits that a traditional lending institution would not, such as access to proprietary software to help you better track and manage your caseload. Not only does this assist your firm in better managing your portfolio, it also helps you maximize the amount of capital available to you by clearly mapping out your cases, and in turn, your expected fees.
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