Legal fee & retainer fee client financing solutions for attorneys & law firms. ePay retainer fee financing is tailored to your legal practice with no limitations.
Legal services is not deemed a "preferred" vertical market by traditional lenders which leaves law firms seeking alternative lending options for their clients. Unfortunately, most alternative options offer predatory interest rates, fluctuating discount costs to the firm and do not adhere to bar rules governing client finance.
ePay Finance has years of experience and a proven track record of assisting firms to provide representation to cash-strapped clients while eliminating the time and effort that staff spends on follow up and collections. There are many testimonials available for ePay Finance.
Give Your Customers The Best Options in Legal Fee & Retainer Financing.
“We had a team of lawyers throughout the country that helped us research. We were calling the bar of various states, and ePay Finance really understands the rules and how to craft the entire loan process.”
- Brett Schoneman, Imhoff & Associates
"You should use ePay Finance because they have great customer service, they care about their clients and they really want to help people to get money for their legal services.”
- Cindy Weatherly, Robinson & Henry
“With ePay Finance the approvals popped up exponentially compared to what we had before. We wouldn’t have these retainers had they not had this opportunity. Our clients really like it.”
- Tom Lawson, Imhoff & Associates
No. Clients are provided an application link for a specific law firm or company that is already established on the platform.
The minimum FICO score required is 550 but each loan application is different. Our lenders base loan offers on Credit scores, Income, Debt-to0Income ratio and Charge-off history.
Pre-approvals are provided instantly. Once a client clicks through on an offer and submits the loan agreement and stipulations, it is typically 2 business days for funding.
Yes. The platform is built on the 5 key bar pillars regarding client financing; No compulsion to perform, no limitation of choice of attorney, no compensation other than the collection of legal fees, arms-length transaction and fair market pricing.
No. All of our loans come with no recourse to the attorney.
Firms are billed 4.99% of the collected amount from the borrower. Invoices are sent out 8 days after funding notifications. If the attorney is unable to retain the client after funding or collects a lesser amount than the funded amount. The invoice is revised or cancelled.
We do. We don’t expect you to have a relationship with our lending partners. Our application support team does all the follow up once a client submits an application and we notify you of any communication or status changes.
Traditional lenders only support certain merchant types and usually have volume and time in business requirements. ePay Finance is a non-traditional financing option and we target those vertical markets that traditional lenders do not support as well as smaller or new businesses. Ask us about our 'Best of Breed' attorney retainer fee financing options.
The biggest difference of third party financing such as ClientCredit is a single lender option while ePay Finance has more than 30 lending partners accessible through a single application. This means more approvals and more options for your law firm clients seeking legal fee and retainer fee financing. ClientCredit approves loans up to $17,500 while ePay Finance provides loan options up to $100,000. The costs of the programs are relatively similar.
Absolutely! Many businesses use ePay Finance as an answer for their underfunded customers. This promotes the ability to retain more clients by offering a private lenders & personal loan alternative for legal expenses. See how ePay Finance can assist in retainer financing options for prospective clients to borrow money and use monthly installments or other payment plans for legal cases.
Yes. ePay Finance has an API available for software integration. We are currently fully integrated with Clio and are working on additional integrations.