Loan Amounts and Funding Terms
Loan terms between 3 months and 5 years with fixed monthly payments
Loan amounts over £2,000
Are you looking for disbursement funding over £2,000?
Are you a UK registered business?
Have you been trading for more than 12 months?
Disbursement funding is a type of finance used primarily by solicitors and the legal industry to fund disbursement payments on behalf of their clients, for goods or services received or the outcome of legal proceedings.
Many solicitors use loans for disbursement payments as a source of extra cashflow within the company.
We assist companies and borrowers to increase their spending power by obtaining the best disbursement funding options, quickly and efficiently, whilst ensuring their company requirements are fully catered for.
How to apply for disbursement funding?
Fill out our application form in less than 5 minutes
Your application will be allocated to your dedicated case manager
Your case manager will be in touch within 4 working hours
They will collect all required documents to process your application
You will receive a decision within 48 hours in most circumstances
You will receive your funds within 48 hours of acceptance in most circumstances
The Benefits of Disbursement Funding
Flexible Terms and Borrowing Amounts
Disbursement funding is generally more flexible in terms of loan amounts and terms in comparison with other business loan types.
Borrowing amounts are restricted to the value of your disbursement ledger, as well as your financial health and credit rating.
All proposals are subject to full underwriting & acceptance.
Speed of Approvals
Disbursement funding applications and approvals are relatively quick to process.
With no need for charges on assets or debentures, decisions are made based on your meeting the lenders eligibility criteria.
Many lenders will approve applications within 24 hours, provided that all the required documents are provided at the time of application.
As you are not using security or collateral when making the application there is less paperwork that needs to be completed.
In order to apply you only need an up to date disbursement ledger, latest 3 months bank statements and last filed accounts, along with proof of identity.
No Risk to Assets*
Loans on an unsecured basis do not use collateral as part of the credit agreement, meaning your assets are not at risk in the first instance. Instead the loan is approved on the basis of your disbursement ledger, financial health and credit rating.
*In most cases a personal guarantee is required to secure the finance to protect the lender in the event of a default. Luckily, there are a range of personal guarantee insurance products available for businesses using unsecured finance.
Disbursement payments can be a drain on a company’s cashflow and many organisations are seeking to cover make payments made behalf of their clients with fast and flexible finance options.
Lack of company funds may impact on new equipment purchases, expansion, investment or paying salaries. Taking advantage of our wide range of versatile disbursement funding solutions can help minimise the impact on your organisation.
Whether the payments are for goods or services received or the outcome of legal proceedings, a business loan can minimise the impact on your organisation’s financial health. RLA Capital can offer specially tailored facilities for disbursement funding loans designed to help your company manage its cash flow more efficiently.
View our full range of business finance facilities here
Frequently Asked Questions
Funding For Solicitors
Legal professionals are becoming more aware of the positives of using specialist finance facilities to assist in the operation of their business.
Many are using funding to;
- Assist with cash flow by releasing money tied up in disbursements
- Increase volumes of cases by assisting with acquisition costs and all associated disbursements
- Manage exposure to lenders, which in turn enables them to access additional business funding when required
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Limited Company Loans
If you're a business owner looking to expand your company, you may be considering taking out a limited company loan. With various options available, it can be challenging to know which loan is right for your business.
In this article, we'll explore the different types of limited company loans and provide tips on how to choose the best one for your company's needs.
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Quick Business Loans | Can you get same day business finance?
Quick business loans can be an important source of capital for any small business.
Same day approvals and payouts depends on:
- Time of day you apply
- The lenders case load
- Whether you correctly submit all required documentation
- The lender does not request any additional information
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