Practice Lending
This involves direct lending to solicitors based on historical claims in progress where claimants do not necessarily have CCA loans.
Impact will make an aggregate loan to a solicitor firm against a portfolio of historical claims in
progress. The loan amount will typically range from £250,000 to £1,000,000 with a maturity period of 24
months. The loan will be amortised as and when claims are settled, with the final outstanding payment being
made at the end of the 24 month period.
The two key revenue streams are the loan interest and the loan arrangement fees. The overall loan
arrangement fees earned over any period will depend on the loan recycling or churn rate. The interest rate charged on new loans will be c.16.95
per cent. APR (subject to change based on the base rate) and that arrangement fees will be between £50 and
£80 per claim.
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