Product Overview
Law Firm Loans
Turn your attorneys’ case inventory into financing that can help your firm achieve your specific goals at Esquire. From term and structured loans to financing that enables you to strengthen your firm via acquisition or equity transaction, our experienced attorney-focused team can help you get the deal done.
Law Firm Term Loan
Strengthen or expand your firm with a law firm term loan from Esquire Bank. Used for a specific business purpose such as acquiring furniture, fixtures and equipment, supporting a technology initiative, building repairs or remodeling, or other projects, this loan offers flexible financing at a competitive rate, delivered by an experience partner who understands the business of law.
Features
Utilize your firm’s case inventory and receivables as collateral
Range of maturity terms of up to 7 years
Amortization terms of up to 15 years
Limited financial restrictions placed on the firm or partner
Highly competitive rates and fees, typically better than non-bank finance companies
Qualified Settlement Fund Loan
Esquire has extensive background in the administration of qualified settlement fund accounts. You may be able to borrow against your settlement fee by establishing Esquire as the qualified settlement fund administrator.
Features
Terms up to two years
Advance rates up to 50% of the firm’s unpledged fee amount
Principle repayment tied to firm’s fee payment
Highly competitive rates and fees, typically better than non-bank finance companies
Settled Case Loan
Gain access to your firm’s fee income while awaiting payment with a settled case loan from Esquire Bank. You have worked hard to settle the case, now you can access your hard-earned fee in advance and save on interest with our competitive rate and relatively low fees.
Features
Terms up to two years
Advance rates up to 50% of the firm’s unpledged fee amount
Principle repayment tied to firm’s fee payment
Highly competitive rates and fees, typically better than non-bank finance companies
Common Benefit Fee Loan
Your firm worked tirelessly as a leader in a mass tort litigation. The court has approved your request for common benefit fees but this can sometimes take years for the disbursement to be approved. Esquire knows this process very well and we can help your firm gain access to a portion of your expected fees.
Features
Terms up to two years
Advance rates up to 50% of the firm’s unpledged fee amount
Principle repayment tied to firm’s fee payment
Highly competitive rates and fees, typically better than non-bank finance companies
Firm Acquisition Loan
Your firm is considering acquiring another firm and accomplishing this transaction requires financing. The Esquire team understands these types of transactions and can discuss various financing alternatives that meet your needs and accomplish your goals.
Features
Utilize your firm’s case inventory and receivables as collateral
Range of maturity terms of up to 7 years
Amortization terms of up to 15 years
Limited financial restrictions placed on the firm or partner
Highly competitive rates and fees, typically better than non-bank finance companies
Partner Buy-in / Buyout Loan
Whether you are an existing partner with the opportunity to increase your equity in the firm, a new partner seeking to acquire equity in the firm, or lead a firm seeking to repurchase equity, Esquire can help. The Esquire team understands these types of transactions and can provide the right solution to finance yours.
Features
Utilize your firm’s case inventory and receivables as collateral
Range of maturity terms of up to 7 years
Amortization terms of up to 15 years
Limited financial restrictions placed on the firm or partner
Highly competitive rates and fees, typically better than non-bank finance companies
Related Products
Case Cost Line of Credit
Used solely for a law firm’s case cost related disbursements, this line gives you the liquidity you need to cover case costs.
Working Capital Line of Credit
This convenient capital and cash flow tool offers the financial flexibility you need to help manage and grow your business.
Partner Checking
This specialized checking solution for law firm partners makes day-to-day personal banking simple—and free.