At Tribeca Lawsuit Loans, we offer immediate legal funding in the state of Minnesota at competitive interest rates to meet the needs of those currently in personal injury and other plaintiff’s lawsuits.
Did you know: We provide same day lawsuit loans to help you get the financial support you need quickly!
Are you considering getting a loan from your lawsuit? We can forward you anywhere between $500 to $2,000,000 in cash in legal funding, relative to the worth of your injury lawsuit case.
With excellent ratings and reviews from past customers and a widespread network throughout Minnesota, we stand ready to provide you with a cash advance in as soon as 24 hours! Apply Now!
Get your personal injury settlement loans today! Reach out to our friendly and experienced team on our Minneapolis line at (866) 388-2288 or use our online contact form.
Three Steps To Your Lawsuit Settlement Loan
Step 1: APPLY for a Legal Funding Loan in Minnesota now
Apply for free via our online application. Our lawsuit loan application includes the following process:
- No credit check
- No income verification
- No asset evaluation
- No hidden fees
- No money up-front
Step 2: REVIEW
Our fast and proficient team will review your case. We support many different types of cases including personal injury, car accident, premises negligence, workers’ comp, class action and more.
Step 3: FUNDING
Tribeca Lawsuit Loans sends a contract detailing terms of funding. Cash is distributed quickly and securely. You can get your same day pre-settlement loans as soon as your application is approved.
Specific Laws and Regulations regarding Lawsuit Lending in Minnesota
Tribeca Lawsuit Loans is licensed in the state of Minnesota, and offers pre-settlement funding as a fast, affordable, and risk-free solution. With loans like this, you can receive a non-recourse cash advance on your future settlement without creating additional debt.
Non-Recourse Funding and Flexible Usage
Pre-settlement legal funding, also known as “lawsuit loans” or “settlement loans,” allows you to access your own money without worrying about monthly payments. You only repay the advance when you receive a settlement or award. With Tribeca, you have the freedom to decide how to spend the funds.
Clearing Medical Bills and Financial Obligations
You can use the funds to clear your medical bills and address other financial obligations. Whether it’s rent or mortgage payments, late-due bills, co-pays, or even everyday expenses like food, the choice is yours.
Money for Pending and Settled Cases
Tribeca Lawsuit Loans provides legal financing for both pending and settled civil lawsuits. To qualify, you need to have a pending or settled case, severe injuries, clear liability against a sufficiently insured defendant, and a minimum threshold of $75,000.
Obtaining upfront cash in Minnesota from Tribeca offers a convenient way to manage your financial needs while awaiting the resolution of your lawsuit.
Client Testimonials
What People Say About Tribeca Lawsuit Loans
“Five stars for Tribeca ! I can honestly say that working with Tribeca law suit loans was very simple and rewarding. The staff were all very courteous and user friendly. I was able to secure a $ 10,000 dollar loan within days of contacting them. I have delt with other companies and there is no comparison, Tribeca is upfront and honest, willing to go the extra mile to assist you. Don’t hesitate to give them a call, I am so glad I did. God bless, Harvey Murphy” – Harvey Murphy (August 24, 2024)
How Legal Loans works in Minnesota
Pre-settlement / legal funding in Minnesota provides financial support to plaintiffs during ongoing lawsuits. The process begins when a plaintiff (like you) applies for a loan with a company like Tribeca. The plaintiff provides case details to the lending company, including lawsuit type and legal representation.
The lending company (like Tribeca) evaluates the case based on its merits and potential settlement. Factors considered include injury severity, defendant liability, and estimated timeline of course. Upon approval, the company determines a loan amount against the potential settlement.
The loan is non-recourse, protecting the plaintiff from repayment if the case is lost! The plaintiff negotiates terms with the lender and underwriter including interest rates and repayment conditions. Once agreed, the company disburses funds to the plaintiff.
If the lawsuit results in a settlement, the plaintiff repays the loan from the settlement amount. Throughout the process, funding companies adhere to legal and ethical guidelines to protect all parties’ interests. This system provides a financial bridge for plaintiffs awaiting case resolution.
Minnesota Lawsuit Lending Is Legal
Until recently, Minnesota had common-law restrictions on lawsuit lending, known as its anti-champerty laws. However, a 2020 decision by the Minnesota Supreme Court overturned this law, allowing legal funding companies like Tribeca to provide clients with the money they need.
Tribeca serves clients in a wide variety of states, many of which have much stricter laws regarding legal funding. We know how to provide lawsuit loans in a safe, secure way that doesn’t add on more risk to you and your family.
How Our Minnesota Lawsuit Loans Keep You Safe
Legal funding is classified as non-recourse debt. This means that you are not held personally liable for the loan, outside of the agreed-upon collateral (in this case, a portion of your eventual compensation package). In other words:
- We cannot pull from your bank account when it comes time for repayment.
- We cannot seize your collateral (such as your home, vehicle, or other property).
- We can ONLY be repaid the agreed-upon portion of your settlement or jury award.
- If you lose your lawsuit, you don’t pay us back at all!
Far from the champerty-related worries of previous generations, Tribeca won’t leave you worse off financially than before your lawsuit started. We aim to help you in the present without risking your future.
Who Qualifies for a Lawsuit Loan?
We at Tribeca Lawsuit Loans offer litigation financing for a diverse array of cases in Minnesota. Our lending company provides settlement advances to help plaintiffs navigate the North Star State’s unique legal landscape.
In Minnesota’s mix of urban centers and rural expanses, car accidents are unfortunately frequent. We offer lawsuit cash advances for cases involving:
- Multi-vehicle crashes on Twin Cities freeways
- Truck accidents on major interstates
- Winter weather-related pile-ups
- Pedestrian incidents in downtown areas
- Bicycle collisions on urban bike paths
- Farm equipment accidents in rural regions
- Snowmobile crashes in northern counties
- Light rail transit accidents in Minneapolis
- Boat collisions on the state’s numerous lakes
These accidents often lead to severe injuries like traumatic brain injuries, spinal cord damage, and complex fractures. Our pre-settlement financing also covers slip and fall cases on icy surfaces, workplace injuries in manufacturing plants, and premises liability claims at popular attractions like the Mall of America.
Beyond personal injury, we provide legal claim funding for medical malpractice suits, employment disputes in various industries, and product liability cases. Our litigation advance services even extend to unique Minnesota scenarios like injuries from ice fishing accidents, cases related to the state’s medical device industry, and environmental lawsuits involving the state’s natural resources.
Tribeca’s lawsuit financing options ensure Minnesota plaintiffs can stand up to large corporations or government entities without financial strain.
Apply for Your Minnesota Lawsuit Today
When you fill out the FREE form on our Apply Now page, you will be asked questions about your case, including how long it is expected to last and your estimated compensation amount. These details help us understand how much we can provide you with as a legal funding loan. Tribeca has a 94% approval rate, which means we are highly likely to approve your application!
If you would like to discuss the application, the loan process, or other matters, speak with a friendly team member in Minneapolis by dialing (866) 388-2288.
We offer litigation funding in the following locations:
- Minneapolis
- Saint Paul
- Rochester
- Bloomington
- Duluth
- Brooklyn Park
- Plymouth
- Woodbury
- Maple Grove
- St. Cloud
- Lakeville
- Blaine
- Burnsville
- Eagan
- Eden Prairie
- Coon Rapids
- Minnetonka
- Savage
- Apple Valley
- Edina
FAQs
What is the civil lawsuit process typically like in Minnesota?
In Minnesota, the civil lawsuit process typically starts with the plaintiff filing a complaint with the appropriate court, outlining the legal reasons for the lawsuit and the relief they seek. The defendant is then served with a copy of the complaint, along with a summons. They have a limited period, usually 20 days, to file a response or ‘answer’. If the defendant does not respond, the plaintiff can request a default judgement. If a response is received, both parties engage in ‘discovery’, sharing evidence and information related to the case.
This may involve document exchanges, depositions, and interrogatories. Following discovery, either party can request ‘summary judgement’ if they believe there is no dispute of material fact. If the case proceeds, there may be pre-trial motions and hearings. Finally, the case will go to trial, where the evidence will be presented to a judge or jury. The judge or jury will then make a decision or ‘judgment’. This decision can be appealed by either party to a higher court.
Can I get a loan in Minnesota while my case is ongoing?
Yes, it is possible to obtain a lawsuit or legal loan in Minnesota while your case is ongoing. Lawsuit specific loans, also known as litigation funding or settlement funding, are financial advances provided to plaintiffs who are involved in a civil lawsuit. These loans can help cover living expenses, medical bills, and other financial obligations during the course of your case.
However, it’s important to note that the terms and availability of settlement loans may vary depending on the lending company and the specifics of your case. It is advisable to carefully consider the terms and conditions before proceeding with a settlement funding loan.
How does the insurance company factor into theseloans?
Yes. nsurance companies often try to delay settlement negotiations, hoping plaintiffs will accept lower offers due to financial pressure. With a lawsuit type loan, you can better withstand these tactics and give your attorney time to negotiate a fair settlement.
Does Tribeca offer post-settlement funding?
Yes, in addition to pre-settlement funding, Tribeca also offers post-settlement funding. This can be helpful if you’ve won your case but are still waiting for the settlement to be processed.