No-Risk Legal Finance. Great Help to plaintiffs in a Commercial Lawsuit.
A commercial lawsuit case is mostly civil tort in nature and usually brought by one damaged party, either an individual or a business entity, against another business entity. In these types of cases damages alleged are usually monetary in nature.
99% of plaintiffs involved in commercial lawsuits don’t realize they can get cash advance before their case settles. Commercial Lawsuit funding is also called as Commercial Lawsuit Loan, Commercial Legal Finance and Commercial lawsuit settlement cash advance. But these are not loans because the money does not have to be paid back unless the case is won or settled.
These are Non- Recourse Lawsuit loans or Cash Advances. It carries No Risk because plaintiffs owe nothing if they lose the case.
When a business is a plaintiff in a Commercial Lawsuit, the legal proceedings can undermine their financial stability. As you probably know, the legal process typically will take years to settle their lawsuit. And they may have cash needs now, which cannot wait. collection laws in California
Most Businesses in this situation have no other choice but to accept a low settlement for a case that could be worth hundreds of thousands & millions. A non-recourse lawsuit loan is a great timely help to them.
A cash advance or a loan of $100,000 to $10,000,000 relieves cash flow problems and allows the firms to focus on business at hand. Commercial lawsuit loan allows these firms or businesses to leverage the expected settlement from their case to obtain the capital they need now.
Lawsuit Pre-Settlement Programs provide them with immediate cash to give them and their attorney time to negotiate a larger cash settlement!
Commercial cash advance is based on the Commercial Lawsuit and how the plaintiff spends it is unrestricted. They can use the funds to:
1. Pay down debt
2. Maintain or Invest in their business expansion.
3. Use the money for fixed and variable costs such as payroll and operating expenses. Funds can also be used to invest in the expansion of their business, which maintains the confidence of creditors, investors, and employees.
4. Keep their Personal finance and obligations in balance
In short, they don’t have to sacrifice their livelihood due to the financial burden that commercial litigation can place on them or their business.
The advantages of using Commercial Litigation Funding for business’ commercial lawsuit are multifold. Most important of these are.