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

Why Apply for Commercial Litigation Funding?

For any businesses, having to enter into a lawsuit can be a ton of aggravation! Litigation places a strain on business owners and their employees, and it consumes a great deal of time. You'll 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 business owners are forced to close down until their litigation has worked its way through the courts. A commercial litigation advance enables you and your attorney to negotiate from strength and keep your business operating!

Benefits of Commercial Litigation Funding

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

No Personal Guarantee Required: Unlike conventional bank loans that almost always require the personal guarantee of the owner(s) of the business, a commercial litigation 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 litigation advance is not a loan, no payments need be made on the principal or interest. 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!

Begin the approval process by calling LawMax at 1-877-253-5531 and applying over the phone, or apply 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 third-party due diligence.

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

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