Attorney Loans

Faster, easier small business financing with one simple application—no bank needed.

Applying is free and won’t impact your credit.

Reviews From Attorneys

Lendio Knows Legal Small Businesses.

Whether you’re looking to launch a virtual practice or hire additional attorneys, Lendio’s network can help you find the right financing structure. Even if you’ve been denied financing for your law firm in the past, you’ll have access to many more options through our platform.

Launch the next phase of your business with a lending partner you can trust. Plus, you’ll feel confident that you’ve vetted all of your available options, while saving time by filling out just one streamlined application. Lendio provides the fuel you need to reach more clients with a strategic attorney loan for your legal practice.

Lendio is no stranger to funding for legal small businesses and the type of capital required to grow a profit-driven enterprise. Our network of preferred lenders makes it easy to submit a single application and receive multiple financing options to compare.

Why Lendio?

Quick & Easy

Apply in just 15 minutes and get funded in as little as 24 hours

Your Partner In Business Financing

Get personalized support throughout the funding process. Your funding manager will be with you every step of the way to answer your questions and advocate for you.

Offers Tailored To Your Business

Compare loan offers from multiple lenders. With over 75+ lenders in our network, your funding manager will work with you to ensure you get the best rates and terms for your business.

How Our Loan Matching Process Works.

STEP
1

Fill out our simple application.

Answer just a few questions about your business to see which lending products you qualify for. We’ve partnered with over 75 lenders, allowing us to find the best option or your business.

STEP
2

We’ll connect you with a funding specialist.

One of our funding specialists will reach out to you to get to know your business better. Since every business is unique, we want to make sure we find the loan type that’s perfect for your needs.

STEP
3

Compare loan offers.

Compare different offers curated for your business. Select the capital amount and rate that will help take your business to the next level.

STEP
4

Get funded.

We work with lenders that can fund you fast. Once you’re approved, you’ll be able to access your capital in as little as 24 hours.

Types of Business Loans For Attorneys

Revenue-Based Financing

Revenue-based financing (also known as a business cash advance) lets you borrow funds using future revenue as collateral. You then repay the funder in daily or weekly payments.

TERM LENGTH

1-15 months
MAX LOAN AMOUNT

$1 million

Debt Financing

Debt financing comes in the form of term business loans and SBA loans. Both allow you to plan ahead thanks to fixed payments over a certain period of time. Term loans come with easy applications, while SBA loans have high loan maximums for larger investments in your legal practice.

TERM LENGTH

6 months-25 years
MAX LOAN AMOUNT

$5 million

Line of Credit

A line of credit gives you ongoing access to capital for your law firm. You can withdraw funds up to your credit limit at any time for anything, from operating expenses and payroll to software upgrades. As you pay off your balance, your available credit line replenishes for you to use again.

TERM LENGTH

6-24 months
MAX LOAN AMOUNT

Up to $250,000

Additional Resources

A Detailed Guide to Lawyer Accounting

FAQs

As a small business owner, you can apply for a business loan to finance your attorney practice. There are multiple types of business loans with varying qualification requirements including revenue-based financing, term loans, SBA loans, and a line of credit.

  

It depends on the funder and the loan type. With Lendio’s network, minimum requirements include a time in business of at least six months and a minimum of $8,000 per month in revenue. Additionally, your personal credit score should be at least 600. 

 

Most loans allow you to use the funds for anything related to your attorney business. This includes things like payroll, rent, marketing, CRM software, continuing education courses, and more. 

With a lending marketplace like Lendio, you have access to a network of lenders with a single application, making it easier to find the best funding option for your business. Moreover, a funding manager works with you throughout the application and approval process. 

An SBA loan is guaranteed by the federal government, which encourages private lenders to offer this type of financing for attorneys and other business owners. The credit requirements are more relaxed and funding amounts can be higher, but the application process and funding time are both much slower compared to most other business loan options. 

There are three primary SBA loan types to choose from. The first is a 7(a) loan, which allows you to borrow as much as $5 million over five to 10 years. The funds can be used to refinance existing debt or for working capital. A 504 loan also has a $5 million maximum, but can be used for a building, if you want to purchase your own office space. Finally, an SBA microloan lets you borrow up to $50,000 for working capital.

8 out of 10 Lendio employees* or their families own a small business

*based on 136 Lendio employees who responded to an internal poll

Quickly Compare Loan Offers from Multiple Lenders

Applying is free and won’t impact your credit

Talk to a rep at (855) 853-6346
Mon-Fri 7:30am-5pm MST