As an attorney, you face a unique set of financial challenges. From starting a private practice law firm and maintaining consistent cash flow to buying out a retiring partner to purchasing real estate and expanding your practice, there are a variety of challenges that may require financing. The SBA loan program can be a great option that offers favorable rates and terms.
Working with an experienced Business Development Officer from FNB Small Business Finance, you’ll have a strategic partner to guide you through the SBA lending process and structure a loan that meets your specific financial needs. Our team is always available to answer questions and concerns and are experienced in navigating the SBA loan process for law firm financing.
Practice Start Up
- Up to 90% financing
- Real Estate, leasehold improvements, equipment, working capital
- 10 to 25-year loan term
Practice Acquisitions and Partner Buyouts
- Up to 95% financing (and sometimes more)
- 10-year loan term
- Can include goodwill, working capital and new equipment
Practice Expansions
- 95% financing (and sometimes more)
- Real estate purchase, adding additional locations in a leased building, improvements, equipment, working capital
- 10 to25-year loan term
Practice Commercial Real Estate
- Up to 90% financing (and sometimes more)
- Can be combined with any of the financing options above
- Ground up construction and property improvements
- 25-year loan term
