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Are you involved in an ongoing business dispute? For many businesses, lawsuits can be financially draining and time-consuming. Likewise, pursuing the case may also require resources which could have been used for business operations. Thankfully, commercial lawsuit loans provide much-needed financial support to businesses that are involved in legal disputes. These lawsuit loans help companies (plaintiffs) cover the costs of ongoing litigation, such as attorney fees, court costs, expert witnesses, and other related expenses. The purpose of commercial lawsuit loans is to ensure that businesses can continue their operations and legal battles without putting the business at risk.
At High Rise Financial, we are committed to offering affordable commercial lawsuit loans to small, medium, and large businesses that are involved in commercial litigation. Our risk-free commercial litigation funding can provide the immediate cash advance you need to cover all related expenses and meet various business needs. Also, our commercial pre-settlement funding can be a lifeline to help businesses focus on their cases and achieve fair settlements.
What are Commercial Lawsuit Loans?
Commercial lawsuit loans are a type of pre-settlement funding specifically designed for businesses. They provide a cash advance to companies that are plaintiffs in a lawsuit, allowing them to continue their legal battle without financial worries. These loans are non-recourse, meaning that if the business loses the case, they do not have to repay the loan. This type of funding is particularly useful for businesses facing lengthy and expensive litigation processes.
Furthermore, commercial lawsuit loans work by providing businesses with funds based on the estimated value of their pending lawsuit. The funding company evaluates the case’s merits, potential settlement amount, and other relevant factors before approving the loan. Once approved, the business receives the funds quickly, often within a few days. The loan is repaid from the settlement amount if the business wins the case. If they lose, the business does not have to repay the loan. This eliminates the financial risk associated with traditional bank loans.
Benefits of Our Commercial Lawsuit Loans for Businesses
At High Rise Financial, we understand that businesses that are involved in legal disputes often need significant resources to achieve fair settlements. Our commercial lawsuit loans offer several benefits, including:
Maintain Cash Flow: Legal disputes can be expensive and time-consuming. Our commercial lawsuit loans help businesses maintain their cash flow and continue operations without financial disruption. This ensures that the company can meet its financial obligations and avoid additional financial stress.
No Repayment if You Lose: Since our commercial pre-settlement loans are non-recourse, businesses only repay the loan if they win the case. This reduces the financial risk associated with traditional loans and provides peace of mind to business owners.
Quick Access to Funds: Businesses that are approved for our commercial lawsuit loans can receive funds quickly, often within 24 hours. This allows them to cover immediate expenses and continue their legal proceedings without delay.
Focus on the Case: With financial support, businesses can focus on building a strong case without the added stress of financial worries. This allows the legal team to work more effectively and increases the chances of achieving a favorable outcome.
Avoid High-Interest Debt: Our commercial lawsuit loans also provide an alternative to high-interest debt options, such as credit cards or personal loans. By securing litigation funding through a commercial lawsuit loan, businesses can avoid accumulating additional debt and the associated interest payments.
Level the Playing Field: In many legal disputes, businesses may be up against larger, well-funded opponents. Thankfully, our commercial lawsuit loans provide the financial resources needed to level the playing field. This also ensures that businesses have the means to fight for a fair settlement.
Types of Cases Eligible for Commercial Lawsuit Loans
Additionally, our commercial lawsuit loans at High Rise Financial are suitable for various business-related legal disputes. Here are some examples of cases that may qualify for our commercial litigation funding:
- Breach of contract
- Intellectual property infringement
- Patent violations
- Business torts
- Antitrust litigation
- Partnership disputes
- Fraud cases
- Real estate disputes
- Construction litigation.
However, this is not a comprehensive list of all the commercial cases and legal disputes that we fund. Contact us if your case isn’t on the list to discuss your specific situation and determine if you qualify for a commercial lawsuit loan.
How to Apply for a Commercial Lawsuit Loan with High Rise Financial
Applying for a commercial lawsuit loan with High Rise Financial is a straightforward process. Here are the steps involved:
Notify Us: Get in touch with our dedicated representatives to express your interest in getting a commercial lawsuit loan. We will be happy to discuss with you and enlighten you about the process.
Submit an Application: Provide details about your case and financial needs. This may include information about the nature of the lawsuit, its current stage, and your attorney’s contact details.
Case Evaluation: Our trusted experts will contact your attorney to review your case and determine its merits and potential for success. Our evaluation process may also involve a thorough analysis of your case documentation and estimate how long it may take your business dispute to settle.
Approval and Funding: If your business is approved for commercial legal funding, you will receive the settlement cash advance quickly, within 1-2 business days.
Use the Funds: You can use the funds to cover your legal expenses, such as court costs, expert witnesses, attorney fees, and other related expenses. Additionally, you can use the funds to maintain your business operations and address any urgent financial needs.
Repayment: Repay the loan from the settlement amount if you win the case. Since the loan is non-recourse, you do not have to repay it if you lose the case.
Our Commercial Lawsuit Loans Are Non-Recourse
One of the most significant advantages of our commercial lawsuit loans is that they are non-recourse. This means that businesses only repay the loan if they win the case. Conversely, the business does not have to repay the loan if it loses the case. This non-recourse nature eliminates the financial risk associated with traditional loans and provides peace of mind to business owners. By opting for our non-recourse loans, businesses can focus on their legal battles without worrying about the potential financial burden of repayment.
Need a Commercial Lawsuit Loan? Call High Rise Financial Today
If your business is involved in a legal dispute and you need financial support, contact High Rise Financial today. Our team of dedicated professionals is here to help you navigate the process and secure the funding you need. Call our toll-free number (866) 265-8738 now to learn more about our commercial lawsuit loan options and how we can assist you in achieving a successful outcome.