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Eligibility criteria

Settlement funding eligibility criteria

Before you apply for legal financing from Baker Street Funding, we would like you to understand what the eligibility criteria for legal funding are. On top of the information written below, you must also meet all criteria from our underwriting department, and if you are a plaintiff, your attorney must fully co-operate with our underwriters in order to obtain pre-settlement funding or litigation funding from Baker Street Funding.

  • To qualify for legal financing, a borrower must be (1) an attorney, or (2) you must be a corporate plaintiff, or (3) you must be a personal injury, civil rights or employment/labor law plaintiff with a retained lawyer on contingency; 
  • You are at least the age of 18.
  • You reside in a fundable state where Baker Street Funding provides legal funding.
  • You must have a strong liability claim against a properly insured defendant.
  • If you are a corporate plaintiff, you must have an attorney.

 

Legal funding eligibility depends on several additional factors, including your background, attorney co-operation, amongst other requirements.

For applicants with one or more existing Baker Street Funding loans, the applicant must have enough funding space in their lawsuit, for us to provide more funding.

State eligibility:

Baker Street Funding does not currently provide financing to plaintiffs looking for lawsuit funding residing in the following states:

  • Arizona
  • Arkansas
  • Kansas
  • Maryland
  • Nevada
  • Oklahoma
  • West Virginia
  • South Carolina
  • D.C. 

 

Fundable states are as follows:

*We provide funding for personal injury, employment/labor, and civil rights lawsuits in the following states:

Arizona, Alabama, Alaska, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Louisiana, Maine, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, New Hampshire, Nevada,  New York, New Jersey, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin, Wyoming.

  • We currently fund Colorado at a minimum of $75,000.  Case value must be at least $750,000+. 
  • We currently fund North Carolina at a minimum of $25,000. Case value must be at least $250,000+. 
  • We currently fund in Nevada at a minimum of $20,000. Case value must be at least $200,000+.
  • We currently fund in Illinois at a maximum of $40,000. Case value must be at least $400,000+.
  • We currently fund in Tennessee at a minimum of $10,000. Case value must be at least $100,000+.
  • We currently fund in Arizona at a minimum of $20,000. Case value must be at least $200,000+.

*Litigants with corporate disputes are eligible to receive funding in every state in the United States (and eligible countries).

*Funding for attorneys is provided in most states. Please get in touch with us to find out if your state is eligible.

*Worker’s compensation claims are funding only in the following states: Alaska, Connecticut, Florida, Iowa, Louisiana, Montana, Rhode Island, Washington, and Wyoming.

If you are an attorney, litigation funding is offered to attorneys and law firms in every state of The United States.

Non-compounding rates are offered to attorney-referred cases.

Minimum funding amount:

Lawsuit funding has a minimum loan amount of $1,000 and a maximum of $1,000,000 for civil cases. 

Corporate litigation funding has a minimum loan amount of $100,000 for non-settled cases and a minimum for $50,000 in settled cases.

Litigation funding for attorneys does not have a minimum amount.