Running a big law firm or starting a small legal practice requires financial resources. Your team must manage loads of documents and paperwork and build a solid case every time. But the effort pays off when you win large settlement payouts for clients.
Some cases can take months or even years. If you’re not expecting payment until the end of a case, covering rent, utilities, office overhead, and payroll can be challenging. Law firm funding can help you avoid investing your own money into your practice. It provides the capital you need now to move forward. Fortunately, you can rely on Fund Capital America for case cost financing, an attorney line of credit, and other financial support options.
Our litigation funding services avoid waiting for a payout to obtain working capital. Fund Capital America closes the gap between a settlement payout and meeting your firm’s financial needs. A form of non-recourse capital, a lawyer’s line of credit is backed by the expected settlement’s proceeds. But unlike a loan or a credit card, it does not necessarily require monthly payments.
However, interest will start accumulating once you start taking out funds. As you pay what you borrow, you can borrow up to an amount already paid. Our team will evaluate your case and set a limit on the amount you can access.
If you qualify for an attorney line of credit, you can access case cost financing. Depending on the agreement, you may just need to pay monthly on the balance’s interest. You can pay the principal borrowed when your case concludes, and the settlement proceeds are received.
You’ll have the capital to build and manage your practice. The cash you access can be used for furnishing your office, purchasing equipment, hiring staff, investing in legal software, and managing other business expenses.
Every law firm needs consistent cash flow. It allows business operations to continue and your team to set up marketing campaigns. To sustain revenue-generating activities, you need to have funds available.
With case cost financing, you don’t need to pressure clients to settle early or for less. Your team can use the extra working capital to pursue a higher settlement payout and offer clients more flexible payment options. Law firm funding also reduces the financial risk, as traditional loans can have exorbitantly high compounded interest rates.
Fund Capital America can provide law firm funding for any type of personal injury case. Whether it’s a vehicular accident, pedestrian accident, construction accident, dog bite, or product liability case, you can qualify for the financing you need. When you apply, we’ll look at the facts of your case to determine your eligibility for financing. We’ll also determine the size of your line of credit.
To request and see if you’re eligible for law firm funding, fill out and submit our form or call (855) 870-2274 now.
Check our user reviews and see why Fund Capital America is California’s Top Pre-Settlement Funding Company
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