Workers Comp Lawsuit Loans In Florida

What are workers comp lawsuit loans?

A workers compensation settlement advance (or lawsuit loans) is a risk-free advance on your workers comp claim based on the value of your expected settlement in Florida. Also known as workers compensation advance, this type of financing is separate from any other types of credit or loans as it uses non-traditional metrics that don’t rely on credit scores or debt-to-income ratios for approval. Most importantly, your advance is only repaid once you win your case after you receive settlement money from your workers comp claim. This in return, makes the workers compensation funding option an incredibly secure way to gain access to the cash needed.

Here is the process of getting a worker’s comp settlement advance in Florida.

Apply

Fill out an online form with basic information about your case, such as your name, contact info, state of residence, date of injury, attorney name, and contact.

Qualify

Once that's done, our team will review your application and provide you with a pre-qualification shortly after.

Approval

If your case gets accepted, your funding associate will contact your lawyer to provide the necessary documents and make a loan decision.

Cash

24 hours later, you will receive a funding decision, followed by a contract. You will receive the lawsuit cash advance once your loan agreement is signed.

A better legal funding company servicing Florida workers awaiting compensation.

Since most injured workers spend a lot of time at home, especially those with surgeries, it’s easy to understand why you need cash to pay your household bills when recovering—because the recovery from an accident takes time and it requires a stress-free environment which as a result, improves the quality of your healing and rehabilitation. So whether you need a small or higher funding amount, Baker Street Funding’s got you covered.

No win, no pay—at all.

Surprises are almost inevitable with any legal claim, especially with a workers comp claim. With Baker Street Funding, you’ll find no risk in getting an advance on your workers comp claim—if you don’t eventually receive your compensation, you won’t be responsible for repaying the advance.

Get lower interest rates capped in the third year, so you don't have to worry about losing a huge chunk of your compensation when it arrives, as opposed to funding your case with other lenders. Apply from anywhere in Florida, including Jacksonville, Miami, Tampa, Fort Myers, Fort Lauderdale, Orlando, St Petersburg, Hollywood, Hialeah, Port St. Lucie, and more.

	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 started with a workers compensation claim advance in 2 minutes.

Settlement funding from Baker Street Funding lets Florida workers get money when needed and as needed. We help you find short-term financial relief until you are able to work again. Apply for a pre-settlement advance in Florida so your attorney can work on maximizing your benefits or until he or she negotiates a higher lump sum settlement for your case. Get cash as quickly as the same business day your attorney sends the case file, and take care of your financial liabilities ASAP.

Personal injury lawsuit loan FAQ.

Are lawsuit loand real loans?

Baker Street Funding provides risk-free loans—but contrary to its name, it is not actually a loan. There are no payments or personal liability associated with the advance, so you don’t have to worry about repayment unless you receive your settlement proceeds paid in full.

Will my occupation qualify me for the advance?

Advances are available to all types of injured employees in Florida waiting on their workers compensation benefits, including airline & airport staff, construction workers, truck drivers, restaurant personnel, and many others. There are absolutely no restrictions on what type of employee expecting is eligible for legal funding.

Is legal funding the right option for me?

A workers’ compensation insurance coverage is intended to provide benefits to people who have experienced a workplace-related injury or illness until they can go back to work. Unfortunately, getting the compensation payment to which you are entitled on time is not always guaranteed. If you are going through a tough situation and can no longer find a way to cope with your day-to-day expenses, then receiving an advance for your workers’ comp claim may be the right option for you.

What is the average workers comp settlement in Florida?

When it comes to workers’ comp settlements, the size of payment for Floridians can vary greatly. Depending on variables such as injury severity and pre-injury salary, a settlement could be anywhere from $2,000 – $40,000. Without an attorney by their side, those who seek these benefits typically receive around $10.7 thousand dollars on average.