Minnesota 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 Minnesota
Commercial vehicle accident loans in Minnesota are a type of funding that plaintiffs with pending car accident claims can access. This loan, better termed as a pre-settlement fund, is advanced to plaintiffs awaiting their legal case to conclude.
This form of funding operates on a non-recourse basis. Essentially, this means that the advance is not like your typical loan. Instead of making regular repayments, the amount advanced is paid back from the settlement received when your legal case is resolved successfully.
In other words, with these loans, you are getting an early access to a portion of your future car accident settlement. You receive financial aid when you need it most, aiding in managing medical expenses, household bills, and other costs while patiently waiting for your legal case to settle. And if the result is not in your favor, you don’t owe anything!
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 Minnesota
In Minnesota, LawsuitLoans.io offers car accident loans to plaintiffs waiting for their personal injury cases to resolve. Car accident loans are a financial lifeline that help cover living costs and other expenses while the legal process takes its course. Below is a table providing key information about these loans in Minnesota.
| Average car accident loan amount by LawsuitLoans.io in Minnesota | $3,686.25 |
| Largest car accident loan by LawsuitLoans.io in Minnesota | $12,000.00 |
| Average interest rate in Minnesota | 22.5% |
| Median personal injury verdict in Minnesota | $30,000.00 |
| Minnesota statute of limitations | 2 Years; Minnesota Statutes Sec. 541.07 |
| Minnesota fault laws | Minnesota is a “no-fault” state, meaning your own insurance covers your losses regardless of who caused the accident. |
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 Minnesota?
Wondering if you’re eligible for our lawsuit loans? Let’s clear the air. Car accident lawsuit loans often require certain criteria to be met before funds can be disbursed. Since commercial vehicle accident claims invariably involve high insurance policies or self-insured entities, the eligibility requirements are quite straightforward.
The first requirement is that you should have an attorney working for you on a contingency basis. In other words, your lawyer will only get paid if you win your case. This not only assures us at LawsuitLoans.io of the seriousness of your claim but also ensures your full commitment to the legal proceedings.
The second requirement is that you must be at least 18 years old at the time of making the application. This is a generally accepted legal requirement in most jurisdictions, including Minnesota, where one has to be a major to enter into contracts and 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 from $500 to more than $1,000,000. If your case is still in progress, we can provide an advance of up to a maximum of 25% of your predicted share of the settlement. If your case has already been settled, we can offer 50% of your expected portion of the settlement.
For example, consider a plaintiff in Minnesota who was involved in a commercial vehicle accident. The estimated value of the claim is $500,000, but the case is still in progress and will not settle for some time. Typically, medical providers are paid around 1/3 of the settlement, and the attorney also receives 1/3 of the settlement. As a result, the plaintiff would receive about $170,000. We can advance approximately 25% of that amount or $42,500.
Get Started
Apply today and get funds in as little as 24 hours!
What Types of Commercial Vehicles are Frequently Involved in Cases we Fund in Minnesota?
Commercial vehicles in Minnesota play a massive role in the transportation sector. These vehicles also, unfortunately, get involved in road accidents quite often. Below, we give you a list of common types of commercial vehicles that are frequently involved in Minnesota legal cases that we fund.
- Semi-Trucks: Also called 18-wheelers or big rigs, semi-trucks are large, heavy-duty vehicles primarily used for long-haul delivery of goods. The sheer size and weight of these vehicles can contribute to severe accidents.
- Delivery Vans: Businesses such as Amazon, Fedex, and other courier services use delivery vans. While smaller than semi-trucks, their constant movement and tight schedules can lead to accidents.
- Taxis: Taxis routinely traverse urban landscapes. High traffic situations increase their involvement in accident claims.
- Company Cars: Some businesses offer company cars to their employees. These vehicles can also be involved in accidents leading to potential compensation claims.
- Farm Equipment: In rural areas of Minnesota, farm equipment operating on or near roadways, such as tractors, can be involved in collision claims.
In addition to the vehicles listed above, please note that at LawsuitLoans.io, we fund car accident claims involving all kinds of privately or commercially used vehicles, not just the ones mentioned here. If you were involved in an accident and are waiting for your legal case to resolve, feel free to call us at (800) 340-4973 or apply through our funding application.
Roadway Accident Cases we Fund in Minnesota
We provide funding for almost any type of roadway accident in Minnesota. Here are some of the specific cases we support:
- Bicycle Accident Loans: We cater to bicycle accident plaintiffs awaiting their settlements.
- Car Accident Loans: If you’re involved in a car accident case, we can help you financially.
- Commercial Vehicle Accident Loans: We cover commercial vehicle accidents too.
- Semi Truck Accident Loans: Semi truck accident victims can also benefit from our services.
- Government Vehicle Accident Loans: Even if your case involves governmental vehicles, we’re here for you.
- Motorcycle Accident Loans: Motorcycle accident lawsuits can also be funded by us.
- Pedestrian Accident Loans: Pedestrians hurt in accidents have our support.
- Rideshare Accident Loans: If a rideshare accident led to your lawsuit, we’ve got your back.
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 Minnesota
LawsuitLoans.io provides funding throughout Minnesota. See more about our funding in Minnesota by visiting the city pages below:
Other Cases we Fund in Minnesota
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Minnesota. Read more about the personal injury cases we fund in Minnesota 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 Minnesota here: