Eligibility criteria

Before you apply for legal financing from Baker Street Funding, we would like you to understand what the eligibility criteria for legal funding are. On top of the information written below, you must also meet all criteria from our underwriting department, and if you are a plaintiff, your attorney must fully co-operate with our underwriters in order to obtain pre-settlement funding 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 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:

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. 

Corporate litigation funding has a minimum loan amount of $100,000 and a maximum of $10,000,000 for corporate plaintiffs. 

Litigation funding for attorneys does not have a minimum amount.