Hera Business Finance – Your one stop-shop for Cases, ATE and Funding.
Our aim is to become your one-stop provider for obtaining claim portfolios and finance solutions with no repayments required until the case has been settled. Hera Business Finance has access to high volumes of PCP and other UDC claims along with financial mis-selling and civil litigation cases. We can provide direct introductions into A rated ATE insurers and can also provide contacts who offer training to law firms on how to maximise your chance of success in court.
Disbursement loans for our solicitor clients helps to preserve a company’s cash flow by advancing payments which would otherwise be made by the law firm. Case acquisition loans help our solicitor clients to purchase cases in larger quantities they may not otherwise be able to obtain. This ensures business growth and work stability for the future.
Fast Track Finance for your Professional Indemnity Insurance Premium, for the cost of PII Insurance Premiums without the need for accounting information. (subject to status, further terms and conditions apply)
Fast Track Finance for your Tax and VAT liability, without the need for accounting information (subject to status, further terms and conditions apply).
Annual VAT and Tax funding for which we will approve an annual VAT and or Tax liability cost for the year without the need for on-going financials at competitive rates. Payments can be made direct to HMRC or the practice (subject to status, further terms and conditions apply).
Historical VAT Funding. Until last year any debts due to HMRC were treated as unsecured creditors in insolvency. A change in the law now means an HMRC claim ranks ahead of any floating charges that might be linked to a debenture attached to WIP. Spreading the costs of VAT arrears over a 12-month period will help avoid this.
There is limited availability for historical VAT funding.
Life and Rehabilitation Loans. This would be a non-recourse loan directly to the claimant however, no security is required on the property. Available for treatment that is not available on the NHS, this bespoke facility has been designed to provide finance for a claimants personal living expense, such as surgery, specialist equipment, an alteration to their current living accommodation, a new vehicle or a new home. Give your client immediate access to the private sector for physical and mental healthcare services before the claim is resolved. No monthly repayments, the loan (with interest and fees) is repayable when the legal claim is settled, however long it takes.
WIP Funding. Is similar to a disbursement loan as there are no monthly repayments and the balance (plus interest) is settled at the end of your case, even if it takes up to 10 years to settle. We can arrange funding for 50% of the WIP on each case.
Let Hera Business Finance be your one-stop-provider offering you unsecured funding at competitive rates.
Or to discuss your business finance requirements call
01745 798 101.
Hera Indemnity Business Finance are committed to a policy of Treating Customers Fairly and will always help clients to make the right financial decisions.