Law Firm Finance

DEBT RECOVERY FIRM FINANCE

Law Firm Finance

GROW YOUR PERSONAL INJURY FIRM

THE LANDSCAPE

Of all the legal sectors, debt collection firms have been one of the most severely impacted by Covid-19 and the subsequent South African national lockdown. Constrained by both gazetted restrictions, court delays as well as physical limitations on in-person document delivery, many debt recovery firms are hindered from fulfilling key billable milestones. Rising debt levels – a natural outcome of the economic crisis affecting most consumers – present an unprecedented opportunity for debt collection firms to scale and enhance their offering to align with the increased demand for their services.

However, due to the functional limitations on their services, many debt collection attorneys find themselves caught between a rock and a hard place; recognising an opportunity to grow but unable to capitalise on this due to both decreased cashflow and the ability to fulfil key billable milestones.

DEBT COLLECTION FIRM FINANCING

Taurus Capital offers South African debt recovery firms a working capital facility that can be used to sustain firm overheads during periods of decreased cashflow. This facility can also be used to scale your firm’s operations, driving growth through the hiring of new staff, expanding office space or IT infrastructure and software upgrades.

Facilities from R250k+

Repayments matched to cashflow cycle

Zero monthly fees

Revolving credit facility

Pre-approved funds access in 24 hours

No early settlement penalties

THE BENEFITS OF PARTNERING WITH TAURUS CAPITAL

A financial partner that understands the intricacies of running a debt recoveries practice first-hand

Working capital to fund advanced systems development

Working capital to finance human capital-intensive overheads

A financial product structured to match the unique cashflow requirements of your business

The ability to monetise intangible assets in your business

Competitive interest rates

Tax-deductible interest payments

Repayments aligned to cashflow cycles, ability to sustain slower repayment periods due to greater leniency from the banks

ENQUIRE NOW

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