|
| Toll Free: | 1-888-800-4966 |
| Fax: | 1-416-941-9035 |
| Address: | 73 Richmond Street West |
| Suite 412 |
| Toronto, ON |
| M5H 4E8 |
| E -mail: | inquiries@bpfin.com |
|
|
|
|
Fixed Term Loan

BridgePoint also provides plaintiff law firms with fixed term working capital loans.
- The loan is provided for a fixed term (2 to 5 years) with the expectation that it will be "rolled over" upon maturity.
- Interest on the loan is payable on a periodic basis (e.g. monthly, quarterly, or semi-annually).
- Flexibility to structure principal repayment terms to accommodate the cash flow requirements of the firm (100% principal repayment on maturity or payable in a number of installments over different time periods).
- BridgePoint's due diligence and final lending decision is based on a general evaluation of the "business" of the law practice. Unlike Individual Disbursement Loans, there is no due diligence required for specific client files.
Additional Terms and Features:
- Loan interest rate of 18.0% (compounding period is dependent on interest payment frequency)
- Initial loan terms anywhere from 2 to 5 years
- Minimum loan size of $100,000
- Administration and loan set up fees vary with size of loan
|
|
How our Collateral Security Works
View Alternatives Summary
|
|
|