South Dakota 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
Apply in Seconds
What Are Commercial Vehicle Accident Loans in South Dakota
A commercial vehicle accident loan, often referred to as a car accident loan, is financial support offered to those involved in car accidents while they wait for their lawsuit to resolve. If you are stuck in a legal case following an accident in South Dakota, this may be the financial solution you’re in need of.
The basis of a commercial vehicle accident loan lies in the expected settlement. It’s a kind of pre-settlement funding that operates on your projected settlement from a car accident lawsuit.
The word ‘loan’ in car accident loan can be misleading. Unlike traditional loans, these do not require repayments if you lose your case. This is because they are non-recourse advances. You only repay the advance if you succeed in your car accident lawsuit and receive a settlement. The amount you will need to repay is usually a percentage of the settlement you receive.
Car accident loans are thus a risk-free financial solution to help you manage your expenses while your lawsuit is in process. It helps defray the cost of medical bills, lost wages, and other costs related to the accident and subsequent recovery.
If you need help applying for a commercial vehicle accident loan or have any more questions, LawsuitLoans.io is available to provide the assistance you need.
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 South Dakota
If you’re involved in a car accident in South Dakota and are pursuing a legal claim, you might be eligible for a lawsuit loan to help carry you through the process. These loans can provide much-needed funds while your case is unresolved. Take a look at some key facts and figures about car accident loans in South Dakota:
| Average car accident loan amount by LawsuitLoans.io in South Dakota | $9,400.00 |
| Largest car accident loan by LawsuitLoans.io in South Dakota | $14,300.00 |
| Average interest rate in South Dakota | 22.5% |
| Median personal injury verdict in South Dakota | $31,000.00 |
| South Dakota statute of limitations | 3 Years; Title 15 Ch. 2 Section 15-2-14 |
| South Dakota fault laws | South Dakota 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.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Am I Eligible for a Commercial Vehicle Accident Loan in South Dakota?
If you’ve been involved in a commercial vehicle accident, you may be wondering if you’re eligible for a loan to cover your expenses while you wait for your case to settle. Don’t worry; LawsuitLoans.io is here to help guide you through the process.
There are two basic elements you need to meet in order to qualify for a car accident lawsuit loan in South Dakota:
- Have an attorney hired on a contingency basis: This means that your lawyer agrees to be paid only if you win your case. Because of this arrangement, the lawsuit financing company takes less risk as they can be assured that a competent attorney believes in the merit of your case enough to stake their own payment on it.
- Be at least 18 years old: You must be a legal adult to apply for a lawsuit loan in South Dakota.
Because every commercial vehicle accident claim involves either a high insurance policy or a self-insured entity, these requirements are typically the only factors you need to meet to be eligible. Remember, LawsuitLoans.io is always ready to assist you throughout the entire process. Reach out to us whenever you’re in need.
How Much Money Can I Get From my Commercial Vehicle Accident Pre-settlement Loan?
Lawsuit loans from LawsuitLoans.io can range from $500 – $1,000,000+. We can advance up to a maximum of 25% of your expected portion of the settlement if your case is still in progress. For settled cases, we can offer 50% of your expected portion of the settlement.
For example, let’s consider a plaintiff in South Dakota who was involved in a commercial vehicle accident with a $500,000 estimated value claim. The case is still in progress and is not expected to settle for a while. Usually, medical providers receive around 1/3 of the settlement, the attorney gets another 1/3 of the settlement, leaving the plaintiff with around $170,000. In such a case, we can advance approximately 25% of that estimated 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 South Dakota?
In South Dakota, there are various types of commercial vehicles frequently connected to personal injury claims. It’s worth noting that while many of the cases we fund nationwide involve these types of vehicles, LawsuitLoans.io is proud to fund car accident claims involving any kind of privately or commercially used vehicle.
Semi-Trucks
Semi-trucks, also known as 18-wheelers or big rigs, are among the largest and heaviest vehicles on the road. They can cause significant damage and injuries during accidents, leading to potential lawsuits and claims.
Delivery Trucks
Delivery trucks are another prevalent type of commercial vehicle in South Dakota. These workhorses of the economy are often on the road, making them more prone to accidents and ensuing legal actions.
Taxis and Rideshares
With the rise of ridesharing services along with traditional taxis, these vehicles are regularly involved in accidents. In fact, collisions involving these vehicles often result in disputes over who is liable due to the multiple insurance policies in play.
Buses
Buses, including school buses and city transport buses, are large vehicles regularly in motion. Accidents involving buses can be catastrophic, leading to serious injuries and substantial legal claims.
Construction Vehicles
Construction vehicles like dump trucks and bulldozers are also part of this list. While they typically move at slower speeds, their heavy weight can lead to significant accidents and associated claims.
If you’re involved in an accident with any of these commercial vehicles or any other type of vehicle in South Dakota and are now in a legal battle, consider LawsuitLoans.io as your pre-settlement funding solution.
Roadway Accident Cases we Fund in South Dakota
At LawsuitLoans.io, we can provide funding for almost any type of roadway accident in South Dakota. No matter the specifics of your case, we are here to support you through your legal journey. Here’s a look at some of the most common types of accidents we fund:
- Bicycle Accident Loans: Our team can assist you if you’re involved in an accident while cycling on South Dakota’s roads.
- Car Accident Loans: Car accidents are all too common. We offer loans to help cover expenses while your case is in progress.
- Commercial Vehicle Accident Loans: If you’ve been hurt in a commercial vehicle accident, our loans can help ease your financial stress during your lawsuit.
- Semi Truck Accident Loans: Semi-truck accidents often lead to serious injuries. Our team is here to offer financial support.
- Government Vehicle Accident Loans: If you’ve been hit by a government vehicle, we provide loans to help while you wait for compensation.
- Motorcycle Accident Loans: Motorcyclists often suffer severe injuries in accidents. Our loans can offer needed financial relief during your case.
- Pedestrian Accident Loans: Pedestrians hit by vehicles often face long recovery times. Our loans can keep you afloat while waiting for your settlement.
- Rideshare Accident Loans: If you’ve been in an accident involving a rideshare vehicle, we offer funding to help cover your expenses during your lawsuit.
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 South Dakota
LawsuitLoans.io provides funding throughout South Dakota. See more about our funding in South Dakota by visiting the city pages below:
Other Cases we Fund in South Dakota
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in South Dakota. Read more about the personal injury cases we fund in South Dakota 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 South Dakota here:
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Does LawsuitLoans.io Directly Fund Cases in South Dakota?
While LawsuitLoans.io operates as a direct funder in most states it services, we act as a broker and originate funding requests to a select group of partner funding companies in South Dakota.