- Lending is based on:
- For two equity principals, up to 1 x stabilised earnings per equity principal (capped at $500,000 per equity principal)
- For three or more equity principals, up to 1 x stabilised earnings per equity principal (capped at $1,000,000 per equity principal)
- We also lend to individual legal practitioners (property security required).
- Preferred aggregate exposure across business, property and personal debt of $1,000,000.
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Legal lending guide
We provide legal specialists with tailored business banking.
What we offer
Cashflow lending
Business cashflow funding, based on the value of legal firms, which may be used for activities such as mergers and acquisitions, firm fit outs, or changes in equity ownership.
Standard property loans
Competitive LVRs and funding for property-backed portfolios, across residential and commercial properties, of practising legal practitioners.
Wealth creation
Ensure owners can access equity in their balance sheet for personal wealth creation.
Specialist team
Our specialist team can help your legal clients access banking solutions and banking products for both personal and business requirements under the one business unit.
Industry expertise
Our relationship managers have a deep understanding of the legal industry and the legal ecosystem. We provide thought leadership and industry insights to support business growth.
Lending guide
Legal lending
Standard property loans
- Competitive LVRs for residential and commercial owner occupied or investment properties
- Range of loan purposes are available including uses such as equity release and cash out
- Unlimited redraw on most facilities.
This information is a guide only. Each loan will be subject to individual assessment in accordance with our credit policy. Additional parameters may apply.
Case study
A six-equity principal firm that needed to refinance existing working capital and firm investment debt, as well as fund a new premises fit out and Bank Guarantee.
Refinance of business purpose debt
(Fully Drawn Advance and Overdraft) = $1,000,000
Security: Business General Security Agreement (GSA)
Provide additional funding for fit out funding = $1,500,000
Security: Business GSA
Provide Bank Guarantee = $450,000
Security: Business GSA
Result
The firm has the required facilities, structured against its balance sheet. The new premises acquired has additional space and is brand new, which will enable the firm to attract new equity principals from other firms, which is part of the firm’s growth strategy. Personal banking requirements for partners can also now be expediated given an understanding of the firm’s financial position and cash flows.
Download our Commercial Lending Guide
View our Commercial Lending Guide to assess your client's suitability for a product.
Learn more about the legal industry
Access legal industry insights and thought leadership content.
Additional information
The information on this page has been prepared by Macquarie Business Banking, a division of Macquarie Bank Limited AFSL and Australian Credit Licence 237502 for the use of licensed and accredited brokers only. In no circumstances is it to be used by a potential client for the purposes of making a decision about a financial product or class of products.