What is pre-settlement funding anyway?
Pre-settlement legal funding is a temporary financial tool that gets you the cash you need to use for a variety of reasons while you wait for your claim to settle successfully. Pre-settlement funding has different names, including lawsuit loans, settlement loans, legal funding, and settlement financing. However, they all have the same meaning. All else equal, pre-settlement funding has no risks as your funding approval amount will be based on the expected settlement from your case only. That means you are legally bound to repay the litigation cash advance only if you win your case.
A lawsuit loan lets you borrow the cash you need before your case settles.
Pre-settlement funding is a great option when you need financial assistance while your attorney fights for maximum compensation. Apply for a cash advance against your anticipated settlement and get the money you desperately need fast. Contact us today for a no-obligation consultation and get your pre-settlement funds as soon as the same business day.
- Risk free
- Fast approvals
- Low rates
- 24-hour funding
Why you should choose Baker Street Funding?
Plaintiffs have overwhelmingly chosen Baker Street Legal Funding due to our high level of financial services. Baker Street Funding is well-capitalized; this is why we pride ourselves on providing borrowers with lawsuit litigation funding tailored to their needs and ensuring that it is the best financial solution for them. We help personal injury victims get access to justice with low interest pre-settlement loans with rates capped in the second or third year.

Low rates
Apply for a simple and convenient advance against your pending settlement proceeds with no hidden fees or markups. If approved, you’ll borrow a set amount of money with non-compounding low rates.

Zero risks
The best part of it all is, only pay if you win your personal injury case. Baker Street Funding only gets reimbursed once you win your lawsuit.

3-year term
Get funds from $1,500-$1,000,000. We offer a 3 year cap, meaning your interest rate ends in the third year!

How it all works.
Apply with Baker Legal Street Funding
Simply start by applying for a lawsuit settlement loan online or over the phone. You'll get a quick response to your request from one of our funding experts, who will get to know a bit more about you and your case before they pre-qualify you for cash.
Underwriting contacts your attorney
After you get pre-qualified, our underwriter will contact your attorney to evaluate your case. The money we are potentially advancing requires documentation of your claim and possible medical records that your attorney will provide. It is important that your attorney provides the required documentation about your lawsuit.
Qualification and approval
After we qualify your case for a lawsuit loan, we will contact you to give you the good news. Then, we will formulate a contract for you and for your attorney to sign that will state the exact amount we will purchase from your settlement.
Sign the funding contract and receive your cash
After you review and accept the contract terms, you and your attorney will sign the funding documents and send them back to us. You will get your cash within 2 - 24 hours from the moment we receive the signed contract, depending on the method of payment you choose.
See the advantages.
Pre-settlement funding offers victims involved in legal battles a smart and effective way to cover unplanned and completely unpredictable costs and emergency expenses resulting from a personal injury. Pre-settlement funding can help you pay your bills, move forward with your litigations, and accept a better offer from the insurance company.
Pay your bills
Settlement funding sometimes is an underrated choice. However, it is one way to pay for unexpected obligations. Use the funds to pay medical bills, transportation to work, household costs, and more while your claim reaches a good and feasible outcome.
Get a better settlement
Level the playing field against large insurance companies while the legal process is active. It could help you avoid accepting less money than you deserve out of desperation.
No credit or job check
There is no credit card check or employment verification to qualify for pre-settlement funding.
FAQ.
How long is the process?
The legal funding process length varies from 24-48 hours from when your lawyer sends your case file. The longer your lawyer responds, the longer the process drags, causing delays. This is why we encourage potential borrowers to ensure their attorneys are communicative during the pre-settlement funding lawsuiprocess.
Pre-settlement funding and your attorney's role
Baker Street Legal Funding has excellent attorney relationships all over the United States and understands that legal representation is busy working on getting the best possible outcome for you.
However, you cannot get pre-settlement funding without an attorney.
If your lawyer needs to find out who we are, we can contact their law firm after your application. With our initial conversation, we can get the funding process moving fast.
How much money should I borrow?
Legal claims are not easy to handle. Realize how much money you need to borrow first, and only take enough money to cover your main needs.
Pre-settlement funding is meant to help you cope with financial challenges during litigation. Although you may get approved for a large amount, only take out what you need to keep you afloat.
How much money can I get?
Pre-settlement funding amounts depend on the value of your case. Approval amounts range from $1,500 up to $2,000,000 or more.
If your case is worth $250,000, you can potentially get approved for 10% of that amount, that is a maximum of $25,000.
If your case is worth $50,000, you can potentially get approved for a $5,000 lawsuit loan max.
What is the eligibility criteria?
Some of the pre-settlement funding requirements are:
- You have retained an attorney on contingency;
- The applicant must be at least 18 years of age;
- All applications must have pending lawsuits;
- The defendant has to be insured.
If you have a settled claim of over $50,000 but need funds now, you may be automatically qualified for post-settlement plaintiff funding.
What does non-recourse settlement funding mean?
Non-recourse legal funding means that a third-party financier will buy a portion of your expected settlement payout or personal injury award based on your litigation strength in exchange for the advance.
The advancement will not be based on an asset (like a car or a house), and your credit and employment won’t be checked.
Your attorney will only pay back the money after they receive your settlement check promptly after the completion of your lawsuit.
Legal funding companies are prohibited from seizing your assets if your court case does not settle in your favor.
How many advances can I get?
You can get as much funding as your case allows. All plaintiffs are welcome to apply for additional funds.
What are the costs?
Baker Street Funding provides the lowest cost pre-settlement funding no matter how complicated a case is, starting at 2% non-compounding to 3.4%.
Nevertheless, your legal case’s strength will predict the interest rate on your advance because it either poses more or less risk.
For example, if you have a personal injury claim with prior injuries, you may default on paying the borrowed amount because the lawsuit may end up as a loss.
Pre-settlement funding companies lose investments in suits every day, and this is why lower rates are only offered to those with strong claims.
Our contracts and fees are transparent and easy to read; you won’t have to worry about those hidden fees.
How does repayment work?
A pre-settlement advance company receives the payment only if you are granted compensation. If you don’t receive a payment from the defendant, you will not be tied to paying anything back.
The law firm representing you will pay back the debt (plus extra charges written on page 2 of the agreement) when they collect the lawsuit proceeds after they:
- Pay medical liens;
- Pay other liens such as tax liens;
- Set apart attorney fees.
States we fund
*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, Mississippi, Missouri, Minnesota, 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 South Carolina at a minimum of $100,000. Case value must be at least $1,000,000+.
- 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.
Claims we fund
While most plaintiff financing companies do offer to fund for a small portion of claims, Baker Street Funding approves most types of claims:
- Asbestos
- Carbon monoxide poisoning
- Nursing home negligence
- Negligent security
- Medical malpractice
- Mesothelioma
- Product liability
- Premises liability
- Roundup lawsuits
- Slip and fall
- Swimming pool accidents
- Toxic mold
- Veteran Affairs Military Lawsuits
- Wrongful death
Motor vehicle and car accident loans
- Bicycle accidents
- Bus accidents
- Motorcycle accidents
- Rear-end accident claims
- RV accidents
- Semi-truck 18 wheeler accidents
- Uber, Lyft accidents
- Train accidents
- Patent Litigation Funding
- Securities and Shareholder
- Qui Tam Whistle Blower
- International Arbitration
- Commercial Litigation
- Monetization
- Competition and Anti Trust
- DIP Chapter 11 Bankruptcy
- Veteran Affairs Settlements
- All settled mass torts
Get funds from your settlement, structured to your needs.
Baker Street Funding’s structured method of pre-settlement funding has helped thousands of plaintiffs get paid in advance of their settlement check for less rates and faster than other companies. Apply for legal funding with the best rates today.