Borrowing Power from $50,000 up to $15,000,000.
The maximum credit line is based upon the total value of your contingent case portfolio, not personal assets. This amount is determined by you and our staff attorneys, all of whom have substantial experience in contingent fee litigation.
Effectively Interest-Free Loans to Your Law Firm
Loan interest is 100% tax deductible as a “necessary and ordinary” business expense. Also, in most states, financing charges on behalf of client expenses can be charged back to the client.
Use the Proceeds for Any Business Purpose
The working capital credit line can be used for all business related expenses, such as case costs, expert witnesses, additional staff, advertising and other office, case, or trial-related expenses.
We Do What Banks Can’t
If your law firm needs a loan, banks are always a good place to start. Your choice is to accept substantially less money from the bank or pledge personal assets to obtain a larger loan. Banks can’t loan against contingent fees.
Park Settlement understands that contingent litigation makes great collateral.
Obtaining the Loan Is Quick And Easy
We know you’re busy. That’s why we provide hassle-free litigation lending, without the tedious and time consuming restrictions of banks and other financial lending institutions. There is no complicated paperwork or lengthy credit processing. Our goal is to create loans that make sense to your law firm and allow stress-free short and long term financial planning.
