Financing for Equipment, Software and More
New equipment can be a great way to grow your law firm and boost your revenue stream, but the prohibitive cost keeps many people from taking advantage of it. Instead of draining your cash, borrowing the money to make a purchase could be the solution your law firm’s needs.
Equipment is a long-term asset, expected to produce revenue over a lengthy period. Law firm partners should expect the length of the term of the loan to roughly match the anticipated useful life of the equipment. Your financial advisor will work with you to look at cash flow, determine appropriate payments and the equipment’s impact on revenues and see how that cash flow could change.