Settlement Cash Advances

What is a settlement cash advance?

A settlement cash advance (known as litigation funding) is essentially an advance on your future settlement that gives you instant access to cash while you wait for your claim to be adjudicated or finalized. For plaintiffs, these advances are designed to help you cover immediate needs such as medical debt, transportation, rent, and other expenses that are almost guaranteed due to a major accident. For attorneys, you can gain much-needed capital, enabling you to cover everyday costs while working with the other party on agreeing to pay out the damages. In general, settlement advance funding may also be a good idea if the defendant offers a much lower payout than the fair value of your claim.

A settlement advance uses your pending compensation payout as collateral, meaning it is non-recourse and is not considered to be a traditional loan or a bank loan. Funding companies only get repaid if you recover monetary compensation empowering you to unlock some of the future value of your case to get you through the wait at no risk.

Why choose us?

At Baker Street Funding, we understand that waiting to receive compensation for a settlement can be difficult and that financial stress shouldn’t be added to the challenges of litigation. This is why we offer non-recourse advances with better terms and rates than other funding providers to help you save money on your up—and—coming settlement.

How it helps

Advances on expected settlements help claimants and attorneys cover most expenses during a long legal proceeding, either before or after the case is settled, litigated or won.

For plaintiffs

Our cash advances provide a vital lifeline for injured plaintiffs awaiting their lawsuit settlement, which means you can use the cash to cover imminent costs—whether that is paying your mortgage, rent or simply buying groceries, we've got you covered.

For attorneys

Our customized settlement financing solutions offers attorneys litigation capital advances for case-specific matters—use the cash towards discovery costs, expert witness fees, and more; and continue the important work of growing your practice with confidence.

For corporate claimants

Recover what you spend on legal fees, and gain access to additional capital with a litigation advance. Pay for expert witnesses and other necessary components of litigation. Get the upper hand when going up against the deep pocketed opposition, and strengthen your position in the courtroom.

Here is how it works.

Our settlement cash advance process is designed to be simple and hassle-free, with money usually available within 24 hours. And the best part? If you don't win your case, you don't have to pay us back.

Apply for cash

Simply apply and provide basic information and your attorney’s contact information.

Evaluation of you case

Then, we'll work with your attorney to review your case and determine the amount of cash you're eligible for.

Approval of funds

Upon approval, a funding contract will be generated and sent out to you and your lawyer to sign.

Cash Advance

Once the funding contract is complete, you can expect to receive your funds in as little as 2 to 24 hours.

Calculate your cash advance rates with our settlement loan calculator.

Getting an idea of estimated loan rates can be a headache, but it doesn’t have to be. Let Baker Street Funding do the work for you—our settlement loan calculator is specially designed for plaintiffs and accurately calculates estimated rates for different advance amounts, so you’re not left guessing. See how much cash Baker Street Funding could save you from your settlement.

Save thousands with our low interest rates.

Accessing an advance from the potential settlement in your case from us could be a great alternative to using other financing options with much higher rates.

	Baker Street Funding	Other funding providers
Funding amounts	$1,500 - $2mm	Up to $250,000
Cap	3 year cap	No cap
Monthly rate	2.95% - 3.4% simple	2.95% - 5% compounding
Underwriting time	24-48 hours	5 - 7 days
Contracts	Costs as advertised	Show another number on contract

Get the money you need with a settlement cash advance now.

If you need financial backing during times of uncertainty, you don’t have to wait months or even years for a settlement to go through. Obtain the necessary financing almost immediately with a settlement cash advance loan from Baker Street Funding. Our settlement advance application is incredibly simple and can all be done in minutes. And if you want one-on-one assistance, one of our team members is ready to help. Apply today to learn more about our legal funding options and see if it’s the right solution for you.

FAQ.

How can I get money in advance of a settlement?

You can receive money in advance of your settlement payout amount simply by borrowing from it. To get started, apply for legal funding online. If your case gets pre-qualified for evaluation, your attorney will be contacted to provide your case file. Upon receiving your documents, underwriting will quickly assess your case and make a funding decision. If approved, you and your attorney will sign a non-recourse funding agreement, and the funds will be disbursed to you within 2-24 hours.

How much can I realistically borrow from my settlement?

Your borrowing limit is 10% of the value of your eventual settlement or court-ordered damages award. Depending on how the estimated value of your probable settlement, our cash advance amounts range from $1,500 to $2 million or more.

For example, say your settlement is worth $150,000: you will be allowed to receive an advance of up to 10% of your settlement’s value. Multiply your settlement’s value ($150,000) by the percentage you can take out (10% or .10) and that gives you a maximum of $15,000 that you could realistically get advanced from your potential settlement.

If you are an attorney or a commercial claimant, please contact us at (888) 711-3599 to learn more about how much you can borrow.

How will you determine the value of my legal settlement?

Our team of underwriters will work with your attorney and will evaluate your case based on various factors, including the potential settlement figure. The monetary value we assign to your case will determine how much money you can receive.

Can I get a cash advance for a settlement under $50,000?

No, Baker Street Funding does not provide advances on settlements under $50,000.

Is a pre-settlement advance risk-free?

Yes, all advances that Baker Street Funding underwrites are free of risk and strictly based on the probable settlement or verdict of the claim at hand. We do not require income verification, monthly payments, credit history, or total debt amounts to qualify your litigation for a non-recourse cash advance. Your loan payment will be due once your attorney receives your compensation paid in full. Not before. This eliminates the financial risks involved with traditional loans.

Rate	Fixed, starts at 2.95% p/mth
Terms	2-3 year cap
Funding time	24-48 hours
Amounts	$1,500 up to $2mm+

Legal Funding Menu

Legal Funding Menu

Get a fast and easy settlement cash advance—with low rates.

What is a settlement cash advance?

Why choose us?

Larger funding

Transparent contracts.

Low interest rates.

Same day funds.