Finance
Banking for Solicitors (pdf)
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Financing the Growth of Your Business
Your business may have reached the point where you want to think bigger, or you may be looking at purchasing the share of a retiring partner, investing in property or updating equipment. Whatever the reason for growth we can dovetail our lending to your exact needs.
Business Loan
Our business loan is completely flexible and we can offer you a variety of options on interest rates, including fixed, variable and hedged rates, along with flexible arrangement fees, interest margins and security costs. You could use your Business Loan to:
- Move into new premises.
- Refurbish your exiting offices.
- Consolidate your existing loans.
We’re happy to look at each proposal on its own merits, providing a bespoke solution where possible. For example, we could help you to settle inheritance tax commitments, prior to probate being granted, where clients have appointed one or more of the firms solicitors as executors.
Solicitor Equity Loan
A growing practice needs to be properly capitalised, and succession planning is important in firms of all sizes. Whether you need to finance growth or bring in new partners, we can help by providing partner equity loans over periods of up to 25 years. Our specialist relationship managers would be pleased to discuss a loan that suits your needs.
Overdraft
If you need flexibility to help manage the peaks and troughs of your business cash flow, an overdraft is ideal. Knowing the money is available ‘just in case’ offers you peace of mind and allows you to concentrate on running your business.
Commercial Mortgage
If you’re looking to buy a commercial or domestic investment property, our commercial mortgage can help. You might for example want to buy and let the flat above your premises.
Asset Finance – hire purchase and leasing
Asset Finance is a service provided by Lloyds TSB Commercial Finance. You can use Asset Finance to purchase vehicles, office equipment or even fund your Professional Indemnity Insurance premium. Unlike a conventional loan the asset can be used to provide security for your borrowings and you have the option to hire purchase, lease purchase or lease.
Talk to one of our specialists or call 0800 587 2379.
Lines are open 9am to 5pm, Monday to Friday.
