Convert settled cases into capital with our Settled Case Fast Track™ solution

 

What it is:

Our Settled Case Fast Track™ Loan helps bridge the financial gap between settled cases and the receipt of pending contingency fees, allowing you immediate capital to support your firm.

How it works:

Once you have contacted and provided us with the necessary documentation and proof of settlement, receive up to 80% of your contingency fees payable on settled files in as little as 24 hours. 

Key loan details:

  • One-year term (may be extended another year with annual interest payment)
  • No fees
  • No minimum interest
  • Maximum loan is 80% of your contingency fee

 

FAQs

 

The typical loan size?

This is determined during the application process but we are prepared to advance 80% of the proof of settlement, with supporting documentation.

 

Is there reporting?

We can generate reporting for the lawyer on the firm level, or the client level.

 

What is the term of this loan?

One year, which can be amended for another year with the payment of interest, as specified within the contract

 

What is required to approve the loan?

We need a copy of the settlement agreement (pending court approval is acceptable), and a copy of the contingency agreement confirming the percent of the proceeds your firm is entitled to receive

 

What is required to receive the funds?

We require the executed loan agreement, two pieces of identification, a copy of the business name (title) registration. A Law Society Review, PPSA and BIA searches will also be conducted, prior to funding.

 

How long does the application process take?

With the necessary documentation submitted and approved and the contract executed by you, you will get your line of credit within 48 hours.

 

Don’t see your question answered here? Call 1-888-291-4488 or email [email protected]hinofinance.com to contact one of our client service representatives.