Business Line of Credit for Law Firms

Why a Line of Credit?

A business line of credit is the financial safety net every law firm should have. Unlike a lump-sum loan, a line of credit gives you access to a pre-approved pool of capital that you can draw from whenever you need it — and you only pay interest on what you actually use.

For law firms, this is particularly valuable. Cash flow in legal practice is inherently unpredictable. A line of credit means you're never caught short when payroll is due, a case requires unexpected investment, or a growth opportunity appears.

What Firms Use It For

• Covering payroll during slow billing months
• Bridging gaps between invoicing and collections
• Unexpected case costs or disbursements
• Marketing pushes or seasonal hiring
• Technology upgrades or office improvements
• Any short-term working capital need

How It Works

Once approved, your firm has access to a revolving credit facility. Draw what you need, when you need it. Repay it, and the full amount becomes available again. Think of it as a financial buffer that's always there when you need it.