California 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 California?
Commercial vehicle accident loans in California are a specific type of funding available to plaintiffs involved in litigation regarding car accidents. These loans provide financial assistance to litigants by enabling them to draw funds from their upcoming settlement. But they are not traditional loans. They are non-recourse advances.
So what does non-recourse mean? This term simply refers to how you repay the loan. Non-recourse means that you only pay back the loan if you win your case and receive a settlement. If your case is unsuccessful, you owe nothing back. Whether you win or lose your legal battle is irrelevant to us. What matters most is helping you maintain financial stability during this challenging period of your life.
Applying for a commercial vehicle accident loan is a straightforward process. You can submit an application form on our website LawsuitLoans.io funding application. We require the basic details about you and your case. If approved, you can quickly receive the funds you need while you wait for your car accident claim to be resolved.
In summary, commercial vehicle accident loans in California are non-recourse advances that provide financial support to plaintiffs awaiting their car accident settlements. They give you access to funds when you need them, minimizing the potential financial strain caused by extended litigation.
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 California
Car accident loans in California are a useful funding resource for individuals involved in legal proceedings after car accidents. These loans provide immediate financial support while the plaintiff waits for their court case to conclude. The following table presents an overview of details related to car accident loans in California including the average loan amount, the largest loan made by LawsuitLoans.io, the prevailing interest rate and prevalent laws regarding vehicular accidents.
| Average car accident loan amount by LawsuitLoans.io in California | $12,078.71 |
| Largest car accident loan by LawsuitLoans.io in California | $155,500.00 |
| Average interest rate in California | 20.6% |
| Median personal injury verdict in California | $114,305.00 |
| California statute of limitations | 2 Years; California Code of Civil Procedure Section 312 |
| California fault laws | California 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 California?
The main considerations to qualify for car accident lawsuit loans may seem simple at first. Among the most vital is involvement in a commercial vehicle accident claim that includes either a comprehensive insurance policy or a self-insured entity. These cases generally ensure the existence of reliable financial resources for repayment once your claim is settled.
Alongside this requirement, two other conditions typically apply. Firstly, you should be represented by an attorney who works on a contingency basis – this means they get paid only when you win or settle your claim. The second condition is age; you must be at least 18 years old to apply for a lawsuit loan.
If all these factors align with your circumstances, you may be eligible for a Commercial Vehicle Accident Loan in California through LawsuitLoans.io.
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 – $1,000,000+. We have the capability of advancing up to a maximum of 25% of your predicted portion of the settlement if your case is still active and unresolved. On settled cases, we have the flexibility to offer up to 50% of your anticipated share of the settlement.
Let’s illustrate this with a example. Suppose a plaintiff in California is involved in a commercial vehicle accident that has an estimated case value of $500,000. The case is ongoing and settlement is not expected any time soon. As a standard practice, medical providers receive roughly 1/3 of the settlement, the attorney secures another 1/3, resulting in the plaintiff receiving approximately $170,000. In such a situation, we can advance around 25% of that amount or $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 California?
In California, a variety of commercial vehicles are often involved in personal injury cases. These include, but are not limited to:
- Delivery Trucks: These vehicles are often on the roads for prolonged periods and can cause accidents due to fatigue or distraction of drivers.
- Construction Vehicles: With large blind spots and hefty weight, these vehicles can be dangerous and often result in severe accidents.
- Taxi Services: Taxis are abundant in busy city areas. The haste to get passengers to their destinations can sometimes lead to accidents.
- Commercial Buses: Including public transit and private charter buses. Their large size often leads to significant damage in accidents.
At LawsuitLoans.io, many of our cases involve the aforementioned vehicles. However, it is important to note that we fund car accident claims involving any type of vehicle, both private and commercial alike. No matter the vehicle involved in your claim, you can turn to LawsuitLoans.io for pre-settlement funding assistance.
Roadway Accident Cases we Fund in California
At LawsuitLoans.io, we fund nearly any type of roadway accident in California. Here are a few specific cases we support:
- Bicycle Accident Loans: If you’re injured in a bicycle accident, we can help you with financial support during your legal case.
- Car Accident Loans: For those dealing with car accident litigation, we offer financial assistance through loans.
- Commercial Vehicle Accident Loans: We provide pre-settlement funding for cases involving commercial vehicle accidents.
- Semi Truck Accident Loans: Get the necessary funds you need while waiting for your semi truck accident case to settle.
- Government Vehicle Accident Loans: If a government vehicle has caused you injury, you could be eligible for our lawsuit loan services.
- Motorcycle Accident Loans: Financial help is available for individuals involved in motorcycle accidents awaiting their case outcome.
- Pedestrian Accident Loans: We offer funding for pedestrians hit by cars while their legal case is still pending.
- Rideshare Accident Loans: If you’ve been harmed in a rideshare incident, we can provide pre-settlement finance to support you during this time.
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 California
LawsuitLoans.io provides funding throughout California. See more about our funding in California by visiting the city pages below:
Other Cases we Fund in California
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in California. Read more about the personal injury cases we fund in California 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 California here: