Loans And Credit Cards

This is FindLaw's Law Firm Management Center's collection of free articles related to Loans and Credit Cards. Obtaining a business loan or line of credit for your law firm can provide the necessary startup capital, or be a lifeline in times of need. Business credit cards allow small business owners to purchase important equipment and supplies. Be sure you understand the terms before borrowing and spending other people's money. Start your research with FindLaw.
Loans And Credit Cards Articles
    • Key Points Bankers Consider When Lending Money

      Obtaining a small business loan can be challenging, particularly for a new venture. Knowing what lenders are looking for can help you understand how to best prepare for the loan application process.

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    • What Attorneys Should Know About Accepting Credit Cards

      Figuring out how best to accept credit card payments from your clients can be a daunting (and intimidating) process. From deciphering all the techno-babble about complicated fee structures and minimums to choosing an account that gives you the maximum amount of control over your money - you'll be swimming in murky water at the best of times (and you've got to watch out for sharks).

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    • Financial Management in a Contingent Fee Practice

      This article illustrates how borrowing funds and converting non-deductible litigation expenses into tax deductible expenses has the cumulative dual benefits of creating a larger pool of funds for law firm investment in litigation costs, growth and partner distributions, and reducing the firm's net cost of using borrowed funds.

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    • Credit Scoring: Personal and Business

      How a lender decides whether or not to loan you money is very much dependent on your credit score. Many solo and small law firms are started using the owner's personal credit to obtain financing, so it is important to understand how credit scores work.

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    • Lawyers: Accepting Credit Card Payments Via Smartphone or Tablet
      With mobile credit card processing through your smartphone or tablet, it's easier than ever to get your legal fees paid by credit card.

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    • Lender Liability in Looming Commercial Lending Crisis
      Business borrowers are beginning to feel the ripple effects of the financial crisis as lenders tighten commercial lending in a cautionary attempt to stop further erosion of capital and assets.

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    • The Advantages of Legal Funding
      Over the past five years, legal funding has emerged as a valuable resource for cash-starved clients struggling to make ends meet as they wait for pending litigation to be resolved. Although some members of the legal community were initially leery of legal funding, it has proven itself to be an important and valuable financial solution for both attorneys and their clients.

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    • The Benefits of Making Your Banker Your Friend
      While every business has a bank, few have a banker. That's because bankers are too often seen as obstacles standing between an entrepreneur and the bank's vault. "You don't do business with an institution. You do business with people. When you get a banker who believes in you, you can accomplish incredible things," counsels Debbi Fields, founder and chair of the board of Mrs. Fields' Cookies.

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    • Key Points to Consider When Borrowing Money
      Borrowing money is one of the most common sources of funding for a small business, but obtaining a loan isn't always easy. Before you approach your banker for a loan, it is a good idea to understand as much as you can about the factors the bank will evaluate when they consider making you a loan. This discussion outlines some of the key factors a bank uses to analyze a potential borrower. Also included is a self-assessment checklist at the end of this section for you to complete.

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