Successful, Proven Methodology

The team at American Law Firm Funding, LLC has spent years refining our legal funding process to best serve your firm. We have simplified our Underwriting, Funding & Servicing criteria into five Stages A-E below.

Each stage covers questions you would expect and will be unique from us as a lender that intimately understands your law firm loan model and industry. There is a difference between the practice of law and the business of law.  We will be focusing on helping you with “The Business of Law”. Our decision to fund you is made primarily on your future legal fees and anticipated cash flow established during the Underwriting and Funding Process.

See Below

The ALFC proven funding process.

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Stage A - Application

At this stage, you will provide basic, high-level information to determine if we seem like a “match”.  You will sign an application, provide recent financial information and a high-level overview of your portfolio of cases. Upon the successful completion of this cursory review stage, the goal is to issue you a Letter of Intent “LOI” and agree on a commitment from all parties to diligently complete the due diligence process.

Stage B - Due Diligence

At this stage, we will do a deeper dive on the above items plus a more itemized breakout of your portfolio data points and corporate documents.

Stage C - Underwriting

During this stage, we “go granular” to verify clients and supporting records in an effort for us to establish the full value of your portfolio. This is followed up by our on-site visit with your firm partners and key team members to review processes and discuss our findings. The goal during this process is to have established a portfolio borrowing base that meets your firm’s business plan and is in alignment with our evaluation of maintaining a healthy practice.

Stage D - Documentation and Funding

The portfolio review and other details in Stages A-C are complete. At this stage, all agreed upon terms and conditions, lien payoffs, closing items and corporate authorization details are incorporated into a Funding Agreement for your review and approval.

Stage E - Servicing

Funding is complete. You now submit payments as cases are settled and assorted monthly reporting items including your updated inventory which drives your plan. It’s now time to scale.

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