LOS ANGELES, May 1, 2015 /PRNewswire/ -- Legal-Bay LLC, The Lawsuit Settlement Funding Company, announced today a new "No Credit Requirement" attorney funding program aimed at assisting lawyers and law firms with obtaining much needed capital for their firm. Unlike a traditional bank, Legal-Bay is able to quickly evaluate a firm's collateral, which is typically their firm's case load, and tailor a funding solution that works for their firm's specific needs. Legal-Bay is able to provide up to $3MM for law firms in need of a loan or advance on their anticipated fees.
Christopher Janish, CEO of Legal-Bay commented, "While we have always been a leader in providing large attorney loans for large and small law firms up to $3MM, we are excited to have launched a new program that addresses certain attorneys who have virtually no credit score and have been denied by traditional banks or any other credit facility."
For more information on Legal-Bay's attorney funding program, please visit: http://lawsuitssettlementfunding.com/attorney-lawsuit-loans-and-funding-products.php
Legal-Bay's new program is designed for attorneys who are still growing their practice or just starting in a new field. Legal-Bay can provide case costs or expert witness costs, as well as general working capital. The new attorney funding program enables attorneys who have referred large cases to co-counsel and are waiting for settlement, to be placed on lien to obtain funding. In these instances, typical credit ratings and credit scores are no longer a requirement to obtain an attorney loan. Approvals typically take 3-5 business days after receiving a completed application, and funding can occur within 2-3 days after said approval. However, larger commercial loan requests above $500K will require more due diligence and could take up to 10 business days to be approved.
Legal-Bay is able to fund attorneys in all 50 states; however, the company has seen an increase in applications in the following states: Arizona, California, Nevada, New Jersey, New York, Florida, and the entire Gulfport region relating to BP cases including: Alabama, Mississippi, Texas, Mississippi and Louisiana. Legal-Bay is also funding CPA operations in the Gulf States that have pending BP case liens.
Large firms, sole practitioners, and small law firms in need of an attorney loan or attorney capital funding up to $3MM may apply online at: http://lawsuitssettlementfunding.com/contact-us.php. To speak to a live agent, you may call the company's toll-free hotline at: 877.571.0405.
Patty Kirby, COO/Head of Client Relations
Ph. 877.571.0405 Email firstname.lastname@example.org
SOURCE Legal-Bay LLC