Javascript is disabled. Please enable Javascript to log in.

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.

Financing a Law Firm
Loans and Credit Cards Articles
  • The Benefits of Making Your Banker Your Friend
    Provided by U.S. Small Business Administration
    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.

    Read More »

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

    Read More »

  • Financial Management in a Contingent Fee Practice
    Provided by Michael G. Blum of LawFinance Group, Inc.
    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.

    Read More »

  • What Attorneys Should Know About Accepting Credit Cards
    Provided by Chris Rempel of Accept By Phone, Inc.
    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).

    Read More »

  • Key Points to Consider When Borrowing Money
    Provided by U.S. Small Business Administration
    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.

    Read More »

  • How Credit Scoring Works
    Provided by U.S. Small Business Administration
    Ever wonder how a creditor decides whether to grant you credit? For years, creditors have been using credit scoring systems to determine if you'd be a good risk for credit cards and auto loans. More recently, credit scoring has been used to help creditors evaluate your ability to repay home mortgage loans. Here's how credit scoring works in helping decide who gets credit -- and why.

    Read More »

  • Key Points Bankers Consider When Lending Money
    Provided by U.S. Small Business Administration
    Explore some of the key points your banker will review when deciding whether to let a law firm borrow money.

    Read More »

  • The Advantages of Legal Funding
    Provided by Gary Chodes of Oasis 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.

    Read More »

  • Lender Liability in Looming Commercial Lending Crisis
    Provided by Editorial Staff of FindLaw
    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.

    Read More »