Program Options

Access to on demand liquidity that aligns with business growth and having no restrictions on use.

Law firms are seeking alternative liquidity solutions that naturally grow with its business, providing immediate access to availability across all or specific clients and having no covenants or requirements to change current bank partner or firm operations.
 

Traditional cash flow loans usually involve financial metrics such as debt and operating cash flow, partner guarantors, fees and restrictions. 

In contrast, our ABL loans focus on your firm’s receivables, which are used as collateral, typically 85% availability. If desired, you may also just include a portion of your receivables represented by a select number of clients.

One advantage of the ABL approach is freedom from covenants that usually come with cash-flow lending. If the firm experiences a business disruption, for example, the declining cash flow could trigger certain covenants. Consequently, a lender could reduce credit availability, increase interest rates or take other measures to protect against loan losses.

• No client involvement
• No buying of invoices
• Only pay for the cash drawn with no cost for unused availability
• No operational changes
• Freedom from covenants
• Flexibility for business decisions including partner distributions

Immediate payments without impact to current banking relationships or operations.

Law firms are seeking treasury solutions that provide immediate payments after uploading invoices into a corporate client billing system, having no effect to its current lender relationship and no operational changes for firm or client.
 

New 2023 Offering. This is a SCP exclusive offering within the legal services industry. Our bank partners provide this solution in concert with your client billing platform. No operations or process changes for you or your client. Simply upload your invoice and get paid. This solution requires your client to sign a bank partner terms of service agreement having no impact to their review and payment processes.
 

• No buying or selling your invoices
• No uploading invoices to another site
• No impact to your banking relationships
• No changes to your operations
• No impact to your client invoice review, approval and payments
• Bank settlement for service fee, any dilution (write-downs) after client payment

Accelerated payments for specific clients without impact to operations. 

Law firms are seeking payments when uploading invoices into a corporate client billing system for specific clients, without changes to firm operations.
 
Our bank partners provide this solution in concert with your client billing platform.

No operations changes for you or your client, simply upload your invoice and get

paid. Your client pays on normal terms, then our bank partner will true up with

you for any client dilution or write-downs.

• No client involvement
• No operational changes
• No uploading invoices to multiple platforms
• Freedom from covenants
• Flexibility for business decisions including partner distributions