Product Overview
Lines of Credit
As an attorney, you understand the value of your case inventory. At Esquire, we do too. We view your cases as assets—a distinct advantage for managing your firm’s cash flow and positioning your business for growth.
Case Cost Line of Credit
Trying a case shouldn’t be financially trying. With this innovative financing solution from Esquire, you can finance your costs from our facility and not from your own resources. Established and used solely for your firm’s case related disbursements, this line gives you the liquidity you need so you can invest your cash flow into your firm’s future. Your cases are individually set up, managed and supported by software to track the activity.
Features
Finance all or select case costs
Maturity dates aligned with the life of your cases
Principal repayment tied to the future settlement of the case
Esquire tracks each case and interest individually
Highly competitive rates and fees, typically better than non-bank finance companies
You may be able to recover finance charges related to funding case expenses from your settlement
Working Capital Line of Credit
This flexible revolving line of credit from Esquire Bank provides access to funds when you need them and can support gaps in your firm’s cash flow that may result from temporary delays in receiving fee income.
Features
Utilize your firm’s case inventory and receivables as collateral
Access to funds when needed
Utilize funds to invest in your firm’s resources
Repayment options available
Highly competitive rates and fees, typically better than non-bank finance companies
Related Products
Law Firm Term Loan
Used for a specific business purpose, this loan offers flexible financing at a competitive rate to help strengthen or grow your firm.
Qualified Settlement Fund Loan
With Esquire as the qualified settlement administrator, your firm may be able to get an advance on your expected fees at a competitive rate.
Settled Case Loan
Gain access to your firm’s fee income while awaiting payment with a competitively priced settled case loan from Esquire Bank.
Common Benefit Fee Loan
Put Esquire’s knowledge of the common benefit fee process to work for your firm with this loan, which offers access to a portion of your expected fees.
Firm Acquisition Loan
From the initial conversations to lining up the financing, we leverage our experience with firm acquisitions to get the deal done.
Partner Buy-in/Buyout
Whether you are looking to acquire or increase your equity, Esquire can deliver the financing solution and guidance to make it happen.
Client Testimonials.
“Esquire Bank is unlike any other financial institution I have worked with in the past. They truly understand the legal community because they are part of the legal community. With Esquire Bank as my business partner, I can focus on practicing law and achieving the best results for my clients.”
John Gomez, Esq.
Gomez Trial Attorneys
“We strive first and foremost to help our clients, and the Early Access Loan Program does exactly that. Esquire bank seamlessly integrated the program into our firm’s operation by referring clients directly to the bank from our request for release letter. Not only have we received releases back more quickly, but the feedback from our clients has been overwhelming.”
Jesse Ferrer, Esq.
Ferrer, Poirot & Wansbrough
“I am so glad I made the switch to Esquire Bank and started financing my case costs through them years ago. Because of that decision, I am personally and professionally more liquid and prepared to handle the cash flow issues being caused by COVID 19.”
Jeff Lichtman, Esq.
Trolman, Glaser & Lichtman, PC
“Thanks to Esquire Bank, I had the confidence and ability to tell my employees I will continue to pay their salaries and their health insurance during this pandemic.”
Jared Levine, Esq.
Morgan, Levine & Dolan LLP
“Not only is Esquire Bank against tort reform, they financially support trial lawyer associations and our causes. As a trial lawyer, how could I bank with an institution that fights to put me out of business? I wouldn’t trust another bank with my business.”
Howard L. Nations, J.D.
The Nations Law Firm
“No other financial institution better understands our unique business model and financial needs. Esquire bank refinanced our line of credit, previously helped with a finance company, reducing our interest rate from nearly 18% to a single digit interest rate. Quite simply, Esquire Bank gives me the power to run my practice like a business.”
Glenn Phillips, Esq.
“Any law firm that isn’t working with Esquire Bank is committing entrepreneurial malpractice.”
Bobby Saadian, Esq
Founding President and Managing Attorney, Wilshire Law Firm
“Soon after meeting the Esquire team we knew that they were the perfect fit! There is no question that Esquire is the go-to bank for a Plaintiff law firm’s banking needs.”
Jesse N. Bernheim, Esq.
Bernheim Kelley Battista & Bliss, LLC
“Having a business partner in a bank that truly understands my business has never been more important or appreciated than right now.”
Mike Arias and Elise Sanguinetti, Esqs.
Arias, Sanguinetti, Wang & Torrijos, LLP
