Follow on Google News News By Tag Industry News * lawsuit funding * More Industries... News By Place Country(s) Industry News
Follow on Google News | B.P. Claim Funding Investors Sought By Legal-Bay.comBy: Legal-Bay.com “We are seeing a tremendous amount of commercial business B.P. Applications and have been processing and approving them at a fast rate. With the litigation to last at least another year, we are on a pace to fund over $10MM within the next few months”, said Patty Kirby, Head of Client Relations at Legal-Bay. Legal-Bay is funding in all five states affected by the B.P. Oil Spill: Texas, Louisiana, Mississippi, Alabama, and Florida. Legal- Legal-Bay is offering two types of funding programs: first is a non-recourse lawsuit cash advance in which no funds need to be paid back until the B.P. Check is paid; the 2nd program involves a traditional lawsuit loan that is similar to a business revolving credit facility. The difference is that there will be no need for credit checks as Legal-Bay and its investment partners will only evaluate the lawsuit loans based on the B.P. Claim values. And Legal-Bay’s underwriting process could take a little as 48 hours. Legal- Legal-Bay’s CEO, Chris Janish, commented on the state of the B.P. Lawsuit Funding Market, “although we have secured $10MM at this point from strong investment banking partners, we believe the B.P. economic claim settlement presents a unique situation whereas there is a tremendous short term need for business capital for businesses affected by the B.P. Oil Spill. We see a market that is going to expand very quickly and we want to be positioned to be able to accommodate all of our client’s requests for business capital financing. We have re-entered talks with banks in Spain and are lining up talks with institutional investors that are interested in London, United Kingdom; Germany, France, Ireland, China, Australia, Brazil and other countries in South America. Due to the size of the B.P. litigation we are offering off shore institutional investors a special situation created by the catastrophic B.P. Oil tragedy.” If you are a business owner looking to obtain US$5K to US$1MM in either lawsuit pre-settlement funding or via a traditional lawsuit loan, you may contact Legal-Bay on line at: lawsuitssettlementfunding.com or by calling toll free at: 877.571.0405 where experienced agents can walk you through the B.P. Funding Programs. End
Account Email Address Account Phone Number Disclaimer Report Abuse Page Updated Last on: Mar 16, 2013
|
|