Why Apply for Commercial Lawsuit Funding? | Benefits of Commercial Lawsuit Funding

Why Apply for Commercial Lawsuit Funding?

For most businesses, being forced to file a lawsuit can seem like a significant setback. Litigation places a strain on business owners and their employees, and it consumes a great deal of time. You will spend hours away from your business meeting with attorneys, gathering documents and evidence, and making court appearances. This can take significant resources away from the business of operating and growing your company. Worse yet, your business may have lost money or suffered financially from the situation that led to the legal action.

The financial pressures of commercial litigation can frighten away suppliers, investors and customers. As a result, many executives are tempted to accept a low-ball offer from the defendant simply because they need the cash. Some owners are forced to close down their businesses until the lawsuit has worked its way through the courts. A commercial lawsuit advance enables you and your attorney to negotiate from strength and keep your business operating!

Benefits of Commercial Lawsuit Financing

Unlike a loan that must be paid back regardless of the outcome of your legal claim, commercial lawsuit funding is an advance against the expected outcome and proceeds of your lawsuit:

No Personal Guarantee: Unlike conventional bank loans that almost always require the personal guarantee of the owners of the business, a commercial lawsuit advance is a non-recourse advance against your pending claim, not the cash flow of your business or your personal assets.
No Principal or Interest Payments: Since a commercial lawsuit advance is not a loan, there are no payments to be made on the principal and no interest payments. We charge a risk premium on your advance, and you pay back the advance in one lump sum from the proceeds of your settlement.
Non-Recourse: And you only pay back the advance and risk premium when you either win your case at trial or you and the defendant reach an out-of-court settlement. If you are unsuccessful in your legal claim and you fail to reach a settlement, you owe us nothing!

You begin the process by calling LawMax at 1-877-253-5531 and applying over the phone, or by applying on-line. A LawMax underwriter will review your application and contact you and your attorney to discuss the case. We will need to see supporting documentation, and there may be an underwriting fee to cover having a third party perform due diligence.

We will make a commercial lawsuit funding decision as quickly as we can, understanding that you are applying for financing because you need the cash as soon as possible. We will let you know how much we can advance you and detail the terms of our offer. Once you and your attorney review and accept our advance, you can have a check in 24 hours.

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