There are generally no formal caps on how much pre-settlement funding you can receive. However, the amount is typically limited by your case’s estimated value, the funding company’s internal policies, and any applicable state regulations. Most funders advance between 10% and 20% of your expected settlement or jury award.
Pre-settlement funding, also known as litigation funding, is a non-recourse cash advance. That means you only repay if your case results in a financial recovery, whether through a settlement or a court award, and repayment comes directly from those proceeds.
How Pre-Settlement Funding Amounts are Calculated
Most lenders can’t tell you how much funding you may receive until they evaluate the details of your case. Your attorney works with the lender to help assess the potential value of your settlement. Based on that evaluation, and documentation such as medical records, legal filings, and accident reports, the funding company decides whether to approve pre-settlement funding and how much to offer.
Factors that may affect the amount include:
- Strength of the evidence – The clearer and more compelling the evidence, the more likely funding will be approved.
- Severity of your injuries – Serious or long-term injuries typically increase the case’s value.
- Current and future medical expenses – The anticipated cost of treatment can play a major role in estimating settlement value.
- Clear Liability – When the defendant’s fault is clearly established, the case is considered lower risk.
These and other considerations help the lender estimate both the likelihood of success and the potential value of your recovery.
Apply for Pre-Settlement Funding Today
The Pre-Settlement Funding Application Process
To qualify for pre-settlement funding, you must be at least 18, have a pending lawsuit, and be represented by an attorney. Fill out an online application, including your lawyer’s contact information. The attorney must agree to work with the litigation funding company for the application to proceed.
As noted above, pre-settlement funding is non-recourse, meaning it is not a traditional loan and does not require repayment unless your case results in a settlement or award. We do not require personal financial information, such as credit profiles or bank statements, to determine eligibility. Instead, we focus on the strength of your lawsuit.
Final Approval
If approved, we send you and your attorney documentation outlining the terms of your pre-settlement lawsuit advance. We encourage you to review this information carefully to ensure you’re fully aware of your rights and responsibilities when you accept pre-settlement funding. Once the funding agreement is signed and returned to the funding company, expect to obtain your pre-settlement funding in 24 to 48 hours.
“At Mustang Litigation Funding, we believe transparency is essential for building trust and loyalty with individuals, investment groups, and legal firms.”
Contact Mustang Funding
Mustang Litigation Funding, located in Wayzata, MN, offers ethical institutional litigation funding to support justice. With personnel having 100+ years of combined investment experience and 50+ years in litigation finance, we’ve empowered 5,000+ civil litigants and 800 law firms.
If you need money to pay expenses while waiting for your case to be resolved, Mustang Funding is here to help. Learn more from our ultimate guide to pre-settlement funding. Contact us today if you’d like more information.
