Plaintiff Funding
Plaintiff Funding from Covered Bridge Capital is an investment in a lawsuit alongside the plaintiff. We provide the money you need today to cover immediate expenses; in return for your promise to repay us when your lawsuit is over—assuming you win.
The decision to invest in your lawsuit is made by Covered Bridge Capital’s underwriters and not your attorney. If you lose your lawsuit, you still get to keep the money we’ve given you. This is the benefit of non-recourse funding.
Important Facts
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A lawsuit advance is not a loan; but rather an investment by Covered Bridge Capital in your case.
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The funding is structured as a non-recourse transaction, meaning that your obligation to repay Covered Bridge Capital is completely extinguished in the event of a defense verdict.
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The advance is best described as the purchase of a portion of the proceeds that may flow from a case or action.
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Litigation funding is not always right for every client and should be sought only after all other sources of funds have been exhausted.
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Since our investment only pays off if the case succeeds, it is treated as high risk with a commensurate high rate of return.
OUR FUNDING PROCESS
Contact us by phone, e-mail, or complete our simple online application. We will ask for some basic information to begin our review process.
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Within 24 hours of receiving your case information from the attorney’s office, we will inform you of our potential interest to invest in your lawsuit.
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If we decide to invest in your lawsuit, we will ask you and your attorney to sign a very short contract. To save time, all transactions can be done via email or fax. The contract includes a 7-day right of cancellation.
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We prepare your case for consideration by our investment committee and underwriters. Our decision to invest in your lawsuit is based primarily on the merits of your case and not other factors like your employment history or credit score.
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Once the contract is signed by both the client and their attorney and is returned to us, we will transfer the money to you immediately by Western Union, bank wire, or the following day by prepaid debit card.
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If you win your lawsuit, your attorney will pay us out of the proceeds of your victory before paying you the balance. If your case is unsuccessful, you still keep the money we have given you.
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WHAT YOU NEED TO KNOW
As a client of Covered Bridge Capital, we are dedicated to making the plaintiff funding process easy and hassle-free. Before obtaining a monetary advance on your lawsuit here are some things to consider first:
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Last Resort
Don’t do it until you’ve explored all your other financial options, including “borrowing” from family and friends.
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Talk To Your Attorney
Don’t be surprised if your lawyer tried to talk you out of it. “Borrowing” against your case can be very expensive and therefore a potentially bad financial decision. Make sure you really need the money before you “borrow” it.
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Understand The Interest
Recognize that the longer it takes for you case to conclude, the more money you will ultimately be required to repay the funding company. In other words, try to avoid “borrowing” too early in your case.
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The Payback
If you do “borrow” against your case, know that your attorney has an ethical obligation to honor your agreement with the funding company. That means you cannot later ask your attorney to ignore the funding company’s lien.
Covered Bridge Capital By The Numbers
450+
Five-Star Google Reviews
22+ Years
Experience With Helping Clients
36 States
We Can Provide Funding In
