- How Legal Funding Works
5 Steps to Fast, No Risk Legal Funding
- Application
Submit a Short, Online Application
To begin the funding process, submit a digital application. The information required will depend on the type of case you’re submitting. We ask that you provide as much supporting documentation as possible.
Supporting documentation may include:
- Police Reports
- Medical Imaging
- Medical Records
- Operative Reports
- Incident Reports
- Experts Reports
- Complaints
- Case Review
Our Team Reviews Your Case Details
Once we’ve received your application, our team works directly with you and your attorney to assess the strength of your case. Additionally, we’ll evaluate your financial needs to determine the appropriate amount of funding. Most decisions are made within 24 hours, depending on the complexity of your case.
- Agreement
All Parties Sign the Funding Agreement
After approval, you and your attorney will review and sign a binding funding agreement. Both signatures are required before any funds can be disbursed.
- Receive Funds
Black Sheep Disburses Your Cash Advance
At this point, Black Sheep Capital Group will release your cash advance. You are free to use the funds at your own discretion whether it be for living expenses (rent or mortgage, utilities, car payments, etc.) or medical expenses (including travel to-and-from doctors appointments).
- Case Resolution
Your Attorney Facilitates Repayment After Settlement
When your case is resolved, any settlement awarded will be used to repay the funds from Black Sheep Capital Group along with any accrued interest. If no settlement is awarded, you owe nothing.
FAQs
Frequently asked questions
Is this a loan?
No, legal funding, also known as pre-settlement funding, is not a personal loan. It is a cash advance with non-recourse terms. Unlike a legal loan, if you are not awarded a settlement, you do not pay anything back. This makes legal funding an ideal alternative to a legal loan.
What types of cases do you fund?
We fund a wide range of case types, including but not limited to motor vehicle accidents, personal injury, medical malpractice, wrongful death, civil rights, police brutality, wrongful imprisonment, and more.
How long will it take to get my application approved?
Our team works to review and come to a decision on your application in as little as 24 hours.
How long will it take to get my funds?
The time it takes to receive your pre-settlement funds varies per case. We are able to release funds once all parties have signed the funding agreement.
How does Black Sheep Capital Group make money?
We charge a minimal interest rate on the amount funded. When your case is resolved, part of your settlement covers the original amount funded plus the interest accrued. This interest is non-compounding.
How Do Plaintiffs Benefit from Pre Settlement Funding?
Pre settlement funding for plaintiffs provides financial relief while their case is ongoing. It can be used to pay for living expenses and medical treatment related to their case. With no credit checks and non-recourse terms, plaintiffs can focus on recovery without financial stress.
No out of pocket costs
Repayment at a competitive interest rate comes from your settlement.
No credit check
You can secure funding with any credit score.
Fast funding
Our process is simple, allowing you to secure funding fast.