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FREQUENTLY ASKED QUESTIONS

Contact us to explore your options and learn more.

Learn More About Our Process

Our financing options can eliminate cash flow issues from getting in the way of justice. Whether you are an attorney involved in a case or a plaintiff in need of capital to fund your medical expenses or other personal costs while awaiting settlement, Elevant Finance Group LLC is here to help you find a solution.

1What is litigation finance or litigation funding?
Litigation financing, also called litigation funding, is when a third party investor unrelated to the lawsuit provides capital to a lawyer, legal service provider or a plaintiff involved in litigation that will be repaid from any future settlement or verdict award. With litigation finance, you can realize the value of viable legal claims before your case is resolved. This helps lawyers with costs of lengthy, complicated lawsuits. And it helps plaintiffs make ends meet and improve their lives while they await their compensation.
2How can this money be used?

Lawyers are limited to using the capital provided per the specific terms of their litigation funding agreement, which typically include working capital and case costs such as payroll, expert witness fees, court reporters, airfare and accommodations for travel to retrieve testimony.

Plaintiffs are not limited to medical expenses or lawsuit costs. They can use the money on anything they need or want – rent, car payments, home improvements, college tuition, a vacation. In their case, the funds are an advance on an expected, eventual award or settlement and they can use it on any living expenses. In other words, it’s your money to spend as you wish.

3What is working capital?
Work capital is defined as the money used by a business to fund its day-to-day operations such as payroll, lease payments, insurance and general overhead.
4What is the loan-to-value (LTV) ratio?
Up to 40 percent.
5How much can plaintiffs borrow?
There are a lot of factors that go into calculating your loan amount. Typically, plaintiffs can received advances of anywhere from $250 to $25,000.
6How do I qualify for funding through the Elevant Finance Group?
For law firms and service providers, our underwriting process involves a review and evaluation of past settlements or awards, as well as, the specifics of each individual case. For plaintiffs represented by qualified attorneys on our approved list, the decision is made on the merits and facts of the case.