Eligibility criteria

Before you apply for funding from Baker Street Funding, we’d like you to be aware of the eligibility criteria. In addition to the information noted below, you must also meet our underwriting criteria to obtain a lawsuit loan or litigation funding from Baker Street Funding.

• To qualify for legal financing, a borrower must be (1) an attorney, or (2) you must be a corporate plaintiff looking for a minimum of $750,000 in litigation funding, or (3) you must be a personal injury, civil rights or employment/labor law plaintiff with a retained lawyer on contingency; 
• You are at least the age of 18.
• You reside in a fundable state where Baker Street Funding provides legal funding.
• You must have a strong liability claim against a properly insured defendant.
• If you are a plaintiff with a civil case, you must be represented by an attorney on contingency.
• If you are a corporate plaintiff, you must be represented by an attorney.

Legal funding eligibility depends on several additional factors, including your background, attorney co-operation, amongst other requirements.

For applicants with one or more existing Baker Street Funding loans, the applicant must have enough funding space in their lawsuit, for us to provide more funding.

State eligibility:

Baker Street Funding does not currently provide financing to plaintiffs looking for lawsuit funding residing in the following states:

• Arizona
• Arkansas
• Kansas
• Maryland
• Nevada
• Oklahoma
• West Virginia
• Washington D.C. 

Fundable states are as follows:

Alabama, Alaska, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Louisiana, Maine, Massachusetts, Michigan, Mississippi, Missouri, Minnesota, Montana, Nebraska, New Hampshire, New York, New Jersey, North Carolina, North Dakota, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Texas, Utah, Virginia, Washington, Wisconsin, Wyoming.

Minimum loan requirements must be higher than $25,000 in North Carolina, Ohio, and Illinois. 

Minimum loan requirements must be higher than $75,000 in Colorado.

If you are an attorney, litigation funding is offered to attorneys and law firms in every state of The United States.

Non-compounding rates are offered to attorney-referred cases.

Minimum funding amount:

Lawsuit funding has a minimum loan amount of $1,000 and a maximum of $1,000,000 for civil cases. 

Litigation funding has a minimum loan amount of $750,000 and a maximum of $10,000,000 for corporate plaintiffs. 

Litigation funding for attorneys has a minimum loan amount of $50,000 and a maximum of $10,000,000.