Mustang Funding is a relatively young litigation financing firm, having been established in 2018. Its portfolio is largely dedicated to providing funding to lawsuit plaintiffs, but the company also offers special loans and law firm financing options. But is Mustang Funding a legit fit for you?
We featured Mustang Funding in our 2021 list of Top Lawsuit Funding Companies in the U.S.. Though they’re a competitor, we acknowledge Mustang Funding’s professionalism, client satisfaction history, and the fact that the firm has provided over $50 million in litigation funding to date.
Types of Lawsuit Loans Available at Mustang Funding
As long as you are a plaintiff in an ongoing lawsuit, you likely qualify for litigation financing from Mustang Funding. A lawsuit cash advance works like this:
- You get money now to help pay for your needs.
- When your lawsuit is over, you receive a check from the at-fault party.
- Your attorney writes Mustang Funding a check for an agreed-upon portion of that compensation package.
In addition to lawsuit lending, Mustang Funding also offers other types of financial assistance. The company specializes in commercial lawsuit loans for businesses in the midst of litigation, funding for law firms to cover legal expenses, and “special solutions” involving investments.
The Downside of Mustang Funding
Though the firm is legit and well respected in the litigation financing world, there are some downsides to working with Mustang Funding. For starters, its website does not adequately inform users of key information. There is no list of case types the company accepts, no mention of how much funding an individual can expect, and no data on interest rates.
However, it’s important to note the firm’s membership in groups like the American Legal Finance Association (ALFA) and the Alliance for Responsible Consumer Legal Funding (ARC). These are trade associations that track and develop ethical practices among litigation funding firms. In other words, Mustang Funding’s membership shows that it abides by industry best practices.
Additional Concerns You Need to Know
Though Mustang Funding has a good, legitimate track record, there are some concerns you should be aware of. Mustang Funding has:
- No Trustpilot or consumer reviews online
- No accreditation with the Better Business Bureau
- Sparse digital presence (not much information available)
These are not disqualifying concerns, and they don’t necessarily hinder the trustworthiness or legitimacy of Mustang Funding. However, we’d like to see a bit more data about the company and a little more transparency outside of its more than $50 million in funding provided.
Apply for Your Lawsuit Loan Today
Unlike Mustang Funding, Tribeca Lawsuit Loans provides all our customers with a transparent environment. We are clear and upfront about our policies, have plenty of satisfied customer reviews, and have a wide online presence.
To apply for a lawsuit loan free of charge, simply click on the Apply Now button at the top of the page. Let’s start a conversation about how much funding we can provide you with while you seek justice in your case.