Working capital for firms, funded in 24 hours.
Billable Capital funds working capital for law firms, CPA firms, consultancies, agencies and design firms from $10,000 to $2,000,000 over 3 to 18 months, with no minimum credit score, $15,000 a month in bank deposits, and 6 months in business. Offer in about four business hours. Money in 24. Repayment is a fixed daily or weekly ACH out of your operating account — never a percentage of what your clients pay you.
What are the criteria?
Working capital — criteria
- Amount
- $10,000 – $2,000,000
- Term
- 3 – 18 months
- Typical approval size
- 75% – 150% of one month’s bank deposits
- Minimum credit score
- None
- Minimum time in business
- 6 months
- Minimum monthly deposits
- $15,000
- Documents
- Application + 3 months of business bank statements for the operating account (4 months if your billing is seasonal)
- Repayment
- Fixed daily (Mon–Fri) or weekly ACH. No split of client payments, no holdback.
- Collateral
- None. Personal guarantee from the owner(s) required.
- Prepayment discount
- Up to 30% of the remaining cost of funding at 30, 60, or 90 days
- Offer
- ~4 business hours · Funding 24 hours
- Underwritten
- In-house by Billable Capital
Figures on this page are representative, not an offer. See disclosures.
What do firms actually use working capital for?
Payroll between retainers
The retainers renew on the 1st and the 1st of the next month. Two payroll runs sit between them, and a client who pays on the 50th day instead of the 30th moves the whole month. Repaid out of the billing that is already out the door.
Working capital · 3 to 9 months · fixed weekly ACHHiring ahead of the work
You won the engagement. The associate, the senior accountant or the account director starts before the first invoice can be sent, let alone paid. Carry the hire until the billing catches up.
Working capital · 6 to 12 monthsCase costs on a contingency matter
Experts, depositions, records, filing fees — paid now, recovered at settlement. The fee is real; the date isn’t. A fixed payment you can set against the firm’s hourly side of the book.
Working capital · funded in 24 hoursTax-season staffing before the fees land
Seasonal preparers and reviewers start in January; the engagement letters are signed; the fees arrive in April and May. If this is the same every year, a line of credit opened in the autumn is the cheaper structure.
Working capital · 4 to 6 monthsA media buy, a vendor deposit, a software renewal
Agencies front media and production before the client reimburses it. Architects pay the consulting engineer before the owner pays the invoice. If the pattern is permanent, ask about receivables funding instead and compare.
Working capital · 3 to 6 monthsOpening the second office, fitting out the first
A lease deposit, a build-out and three months of rent before the new office carries itself — projects small enough that a term loan’s paperwork costs more time than the project is worth waiting for.
Working capital · 12 to 18 monthsWhat does a working capital advance cost?
A working capital advance is priced as a fixed total payback, not an interest rate. You will see three numbers before you sign: the amount funded, the total you repay, and the payment.
Pay it off inside the first 90 days and you keep up to 30% of the remaining cost. Pay it off inside the first 30 and the discount is at its largest — which matters when a settlement or a tax-season receipt lets you clear it early. Your actual numbers depend on underwriting your statements. Nothing on this page is an offer.
Representative file — $150,000 over 12 months
- Amount funded
- $150,000
- Total payback
- $190,500
- Cost of funding
- $40,500
- Daily payment
- $756 across 21 business days per month
- Weekly payment
- $3,664
- Paid off in the first 30 days
- You keep up to $12,150 of the remaining cost
- Status
- An illustration, not an offer
How do you read a firm’s bank statements?
We’re looking at five things, and it helps to know them before you send.
- Average daily balance. More important than your top line. A firm billing $90,000 a month that never dips under $8,000 is a stronger file than one billing $140,000 that lives at zero between client payments.
- Who the deposits come from. Thirty clients on monthly retainers reads differently from one client paying quarterly. Spread and recurrence both help; a single payer is not a decline, but we will ask about the contract.
- NSFs. A few in 90 days will not kill a file. A pattern of them around every payroll will.
- Your floor, not your average. We size the payment against your slowest month in the window, which is why seasonal practices — tax, contingency, year-end — should send four months, not three.
- Existing positions and the trust account. If you have advances out, tell us up front; we’d rather structure around them than discover them — often with a term loan consolidation. And send the operating account, not the client trust or IOLTA account: trust funds are not revenue and are not underwritten.
Daily or weekly?
Weekly
Suits a firm whose deposits arrive in a few large client payments a month — one debit on Wednesday against a week of receipts, rather than a daily pull on days nothing came in.
Common for contingency practices, project-billed agencies and architecture firms paid on milestones.
Daily
Suits a firm with many clients paying on a rolling basis — a high-volume tax practice, a bookkeeping firm on monthly fees, a retainer-heavy consultancy — and usually prices better than weekly for the same file.
Debits run on business days only. Weekends and bank holidays are skipped.
Ask for the one that matches your deposit rhythm. You pick at signing, not after. If the payment stops working later, call us and we re-term it — see responsible funding practice.
What a firm needs to qualify.
Every number below is a real criterion. If you clear these, apply. If you don’t, call us and we’ll tell you what would change it.
| Minimum monthly revenue | $15,000 in business bank deposits |
|---|---|
| Minimum time in business | 6 months |
| Minimum credit score | None for working capital or receivables funding. 600+ for a line of credit. 650+ for a term loan. 680+ for SBA. |
| Funding range | $10,000 to $2,000,000 for working capital. Up to $5,000,000 for term loans, SBA, and receivables facilities. |
| Time to a real offer | About 4 business hours on a complete file. |
| Time to funding | 24 hours. Same day if a clean file is signed before 11:00 AM ET. |
| Documents required | Application plus your 3 most recent months of business bank statements. 4 months if your billing is seasonal (tax season, contingency fees, year-end retainers). |
| Contract length | 2 pages. |
| Repayment | Fixed daily or weekly ACH from your operating account. No split funding. No holdback percentage. No lockbox on your operating account. |
| Prepayment discount | Up to 30% off the remaining cost of funding when a working capital advance is paid off within the first 30, 60, or 90 days. |
| Retainers & client billing | Counted. Retainer deposits, recurring client payments and lump-sum settlements all count toward your approval. Client trust (IOLTA) accounts are not underwritten as revenue — send the operating account. |
| Billing system requirement | None. Any practice-management, time-and-billing or invoicing system, or none at all. Underwriting is from bank statements. |
| Firm types approved | Law firms including contingency-fee practices, accounting and CPA firms, bookkeeping and tax preparers, management and IT consultancies, marketing, advertising, PR and creative agencies, architecture, engineering, surveying and environmental firms, HR consultants and recruiters. |
| Not required | Collateral for working capital. A business plan. Tax returns under $500,000. A minimum headcount or number of partners. A specific billing system. An audited financial statement. |
| Open to | U.S. businesses with a U.S. business bank account. All 50 states. |
Four minutes. Three bank statements. No credit impact to apply.
Working capital questions, answered.
Is a working capital advance a loan?
No. It is the purchase of a fixed amount of future receivables at a discount. There is no APR, no compounding, and no maturity-date balloon. You repay a fixed total amount through fixed daily or weekly ACH debits. See disclosures for the full description.
Can a firm get working capital with a 520 FICO?
Yes. Billable Capital has no minimum credit score on working capital. We underwrite your business bank statements — average daily balance, how many clients the deposits come from, NSF pattern and your slowest month. Credit is reviewed but it is not a cutoff.
How much will my firm be approved for?
Working capital approvals generally land between 75% and 150% of one month’s bank deposits. A firm depositing $100,000 a month typically sees offers between $75,000 and $150,000, sized so the payment survives the slowest month in the statement window.
Will you take a second position?
We prefer to be first. If you have an open advance we will look at a consolidation or a re-term rather than stacking on top of you. Call before you take another position — the earlier you call, the more structure is available.
Do you take a percentage of my deposits or require a lockbox?
No. There is no split of incoming client payments, no holdback percentage, and no lockbox on your operating account. Repayment is a fixed daily or weekly ACH, so a $60,000 settlement that lands on a Tuesday is yours on Tuesday.
Can I use it to hire before the engagement starts?
Yes, and that is one of the most common uses. The associate, the senior accountant or the account director starts on the 1st; the first invoice for their work goes out on the 30th and is paid on the 60th. Working capital carries the two payroll cycles in between, and is repaid out of the billing it made possible.
How early can I pay it off?
Any time. A working capital advance paid off within the first 30, 60, or 90 days qualifies for a prepayment discount of up to 30% of the remaining cost of funding. The exact schedule is stated in your two-page contract.
No minimum FICO. $15,000 a month. Six months open.
If you clear those three lines, you qualify to apply. Four minutes and three bank statements gets you a real number in about four business hours.