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’ 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.
We provide attorney loans for virtually every kind of contingent fee case, including:
|• Class Actions||• Fen-phen|
|• Mass Tort||• Patent Claims|
|• Motor Vehicle Injury||• Breach of Contract|
|• Medical Malpractice||• Fraud|
|• Product Liability||• Securities Fraud|
Expedited Application Process
Park Settlement has appointed a team of legal specialists to personally assist you and can provide credit lines in as little as 5 days.
We are particularly sensitive to the needs of attorneys to assure compliance with all Rules of Professional Conduct and the Canons of Ethics. Our procedures are designed to maintain the strictest adherence to the rules of client confidentiality and case control. While ethical rulings vary from state to state, we invite your attorneys to request further information from us concerning ethics opinions in their particular jurisdiction of practice.