Louisiana Commercial Vehicle Accident Loans
- Get Cash as Soon as the Same Business Day
- Rates as Low as 2.5% Simple, Monthly
- Repay $0 if You Lose Your Case
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What Are Commercial Vehicle Accident Loans in Louisiana
Commercial vehicle accident loans in Louisiana are a type of financial assistance available to plaintiffs involved in commercial vehicle accidents. These are forms of pre-settlement funding designated for victims who are currently awaiting the resolution of their legal case.
A car accident loan, otherwise known as a lawsuit loan, is essentially an advance on the potential compensation a plaintiff might receive from their case. It works on a non-recourse basis, which means that the company providing the loan only gets repaid if the plaintiff wins their case or achieves a settlement. If the case is lost, the plaintiff owes nothing. This makes car accident loans a risk-free form of finance for plaintiffs in need.
In simpler terms, a car accident loan is a cash advance given to an individual who has filed a lawsuit following a car accident. The amount of money advanced is determined based on the expected outcome and value of the plaintiff’s lawsuit. This fund can then be used to cover immediate expenses while waiting for the lawsuit to settle. It’s a way of offering financial relief during often lengthy legal proceedings.
How Lawsuit Loans Work
Here’s how the lawsuit loan process works in three easy steps. The entire process can be completed within 24 hours with your attorney’s help.
Apply Online or Call Toll-Free
Apply online or call us toll-free at (866) 594-1343. Submitting your application takes minutes.
We Review Your Case
Next, we contact your law firm and collect basic information to review your case. Review only takes a few hours.
You Receive Funds
You and your attorney review and sign our funding contract. Once complete, you can have funds within hours.
Key Information About Car Accident Loans in Louisiana
If you’re a resident of Louisiana and have been involved in a car accident, you can apply for a lawsuit loan. This is a type of pre-settlement funding. It’s designed to help cover your expenses while you wait for your legal case to resolve. Here at LawsuitLoans.io, we often assist clients with such cases. To give you an idea of what to expect, here is some key information about car accident loans in Louisiana:
| Average car accident loan amount by LawsuitLoans.io in Louisiana | $8,126.46 |
| Largest car accident loan by LawsuitLoans.io in Louisiana | $83,591.00 |
| Average interest rate in Louisiana | 21.5% |
| Median personal injury verdict in Louisiana | $95,000.00 |
| Louisiana statute of limitations | 1 Year; Louisiana Civil Code Section 3492 |
| Louisiana fault laws | Louisiana is an “at-fault” or “tort” state, meaning the driver found to be responsible for the accident is liable for damages. |
Get an Instant Quote
Input your requested funding amount and the time your case may take to settle here to see your potential savings and costs when you choose LawsuitLoans.io. While we sometimes offer rates as low as 2.5%, our calculator assumes a simple, non-compounding monthly rate of 3.3%. This calculator is for illustrative purposes only. Actual terms may differ. Please contact us for an instant, written quote for your request.
Advance Amount:
Months Until Settlement:
$2,900
Total Cost
Pay $2,900 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
$1,697
Your Savings
Save $1,428 compared to competitors on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
33%
Percent Savings
Save 33% on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
Am I Eligible for a Commercial Vehicle Accident Loan in Louisiana?
In order to qualify for car accident lawsuit loans, there are certain requirements that must be met. The primary criteria is that an individual involved in a commercial vehicle accident claim must have a high insurance policy or be self-insured. This means that the person or company responsible for the accident has enough insurance or financial resources to cover the cost of damages and injuries.
The second requirement is that the claimant should have an attorney working on a contingency basis. This type of agreement means that the attorney doesn’t get paid unless they win the case. It’s often used in personal injury cases because it allows people who might not otherwise be able to afford an attorney to get representation.
Lastly, to apply for a car accident lawsuit loan in Louisiana, you need to be at least 18 years of age. This is the legal age for entering into contracts in most jurisdictions, which includes loan agreements.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
How Much Money Can I Get From my Commercial Vehicle Accident Pre-settlement Loan?
Lawsuit loans from LawsuitLoans.io can range anywhere from $500 to over $1,000,000. If your case is still in progress, we can advance up to a maximum of 25% of your expected share of the settlement. On the other hand, if your case has been settled, we can offer 50% of your expected share of the settlement.
Let’s take an example of a plaintiff in Louisiana involved in a commercial vehicle accident with an estimated value claim of $500,000. The case has not yet been resolved and it will not settle for some time. Typically, medical providers receive around one-third of the settlement, the attorney gets another third, leaving the plaintiff with approximately $170,000. In such a scenario, we can advance roughly 25% of that amount – around $42,500.
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Apply today and get funds in as little as 24 hours!
What Types of Commercial Vehicles are Frequently Involved in Cases we Fund in Louisiana?
In Louisiana, various types of commercial vehicles can be found on the roads. Some of these vehicles might be involved in accidents resulting in personal injury or other legal claims. At LawsuitLoans.io, we provide pre-settlement funding for these cases to help you weather the financial storm while your case is being resolved. Although we cater to a wide range of vehicle-related cases nationwide, the following list represents some common types of commercial vehicles frequently involved in Louisiana cases that we fund:
- Semi-trucks: These massive vehicles transport goods across local, regional and national routes.
- Company cars: Personal vehicles used for business purposes can also be classified as commercial vehicles.
- Taxi cabs: Taxis form an integral part of urban transportation and can often be involved in road mishaps.
- School buses: Involvement of school buses in accidents often results in multiple claimants which can complicate the litigation process.
- Delivery vans: Delivery vans engaged by businesses like local groceries, furniture stores or courier services could be involved in accidents too.
Please note that our funding is not strictly confined to these vehicles. At LawsuitLoans.io, we fund car accident claims involving any kind of privately or commercially used vehicle, throughout the United States.
Roadway Accident Cases we Fund in Louisiana
We fund almost any type of roadway accident in Louisiana. If you’re a plaintiff waiting for your case to resolve, we can assist you with the funds you need in the interim. Here are some of the cases we typically help fund:
- Bicycle Accident Loans: We provide financial help to victims of bicycle accidents until their legal case is settled.
- Car Accident Loans: Our funding system supports victims of car accidents during their waiting period for case resolution.
- Commercial Vehicle Accident Loans: We fund victims of commercial vehicle accidents, providing them financial relief until their settlement comes through.
- Semi Truck Accident Loans: Plaintiffs involved in semi-truck accidents can apply for our lawsuit loans while they wait for their case to close.
- Government Vehicle Accident Loans: If you have been injured due to a government vehicle’s negligence, you can access funds from LawsuitLoans.io.
- Motorcycle Accident Loans: We offer funding to plaintiffs of motorcycle accidents pending their legal settlements.
- Pedestrian Accident Loans: Victims of pedestrian accidents can apply for funding while waiting on their lawsuit outcome.
- Rideshare Accident Loans: If you’re injured in a rideshare accident, we can help with finance before your case settles.
Get $500 – $500,000 in as Little as a Single Business Day!
We understand that if you’re applying for funding with us, you needed the funding yesterday. With your attorney’s cooperation, we can provide funding as soon as the same business day.
Cities we Service in Louisiana
LawsuitLoans.io provides funding throughout Louisiana. See more about our funding in Louisiana by visiting the city pages below:
Other Cases we Fund in Louisiana
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Louisiana. Read more about the personal injury cases we fund in Louisiana here:
- Personal Injury Loans
- Police Misconduct Lawsuit Loans
- Medical Malpractice Lawsuit Loans
- Slip and Fall Lawsuit Loans
- Premises Liability Loans
- Dog Bite Lawsuit Loans
- Wrongful Death Loans
Read more about the roadway accident claims we fund in Louisiana here: