Lines of credit are a traditional way that businesses can have money available when they need it, with all terms agreed to in advance and pull funds when they are warranted.
Because many attorneys have mostly contingent assets, their cased that have not yet settled, most banks either will not grant credit lines to attorneys or they will be much smaller than they should be based on your case inventory.
BFG has put together a unique relationship with a bank that will give credit lines based on not only your current cash flow but, and most importantly, take your case inventory into consideration.
It amounts to legal lending amounts at bank rates!
*With BFG’s placement power, we have been able to structure terms at much lower rates, as low as prime + 1 or better.