Tennessee 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 Tennessee

Commercial vehicle accident loans, or car accident loans, are a type of financial support particularly meant for those involved in car accidents who are awaiting the settlement of their legal claims. These loans are an advance on the future compensation that a plaintiff is expected to receive from a car accident lawsuit.

One of the key attributes of car accident loans is their non-recourse nature. This characteristic implies that if the plaintiff doesn’t win their case and therefore doesn’t receive their expected compensation, they are under no obligation to pay back the loan. This risk-free feature is what primarily distinguishes these loans from regular ones.

In other words, a car accident loan provides plaintiffs with the needed financial buffer to manage their daily expenses while they await the arrival of their settlement money. It can be used to cover various expenses including medical bills, car repairs, mortgage payments, and living costs.

At LawsuitLoans.io, we specialize in providing these types of loans in Tennessee, ensuring that you are financially stable as your case awaits resolution. Feel free to reach us via our toll-free number (800) 340-4973 or apply for the funding through our website at LawsuitLoans.io funding application.

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.

Telephone Icon - Starting the process is easy, just apply online or call toll free

Apply Online or Call Toll-Free

Apply online or call us toll-free at (866) 594-1343. Submitting your application takes minutes.

Review Icon - We quickly review your legal case.

We Review Your Case

Next, we contact your law firm and collect basic information to review your case. Review only takes a few hours.

Money Bag Icon - Once we approve your case, you and your attorney sign the contract and you get cash the same day

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 Tennessee

Car accident loans are prevalent in Tennessee owing to the number of accidents that occur. These loans help victims meet their financial demands while they await the result of their legal claims. Here’s some critical data about car accident loans in Tennessee:

Average car accident loan amount by LawsuitLoans.io in Tennessee $10,329.10
Largest car accident loan by LawsuitLoans.io in Tennessee $20,022.40
Average interest rate in Tennessee 17.5%
Median personal injury verdict in Tennessee $31,000.00
Tennessee statute of limitations 1 Year; Tenn. Code Ann. Section 28-3-101
Tennessee fault laws Tennessee is an “at-fault” or “tort” state, meaning the driver found to be responsible for the accident is liable for damages.

Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly

Am I Eligible for a Commercial Vehicle Accident Loan in Tennessee?

Many wonder what the eligibility criteria for obtaining car accident lawsuit loans are. The great news is the prerequisites may be simpler than expected. In every commercial vehicle accident claim, a high insurance policy or a self-insured entity is always involved. This fact simplifies the eligibility criteria.

So, what do you need to qualify? First and foremost, you must have an attorney working for you on a contingency basis. Secondly, you must be at least 18 years old. By meeting these two basic criteria, you can readily apply for a commercial vehicle accident loan in Tennessee via LawsuitLoans.io.

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:


Total Cost

Pay $2,900 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.


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.


Percent Savings

Save 33% on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.

Commercial Vehicle Accident Loan Process in Tennessee

Have you been in a commercial vehicle accident and need funds while your case is pending? LawsuitLoans.io offers pre-settlement funding to help ease your financial burden. We ensure a simple yet structured approach in providing lawsuit loans. The process involves the following five-step.

  1. Apply Online: The first step in obtaining a lawsuit loan is to apply online. Visit the LawsuitLoans.io funding application page to start your application.
  2. We Contact Your Law Firm: After receiving your application, we’ll quickly contact your law firm for more details about your case.
  3. We Review Your Case: Our team of experts will then review the details of your case to determine if you qualify for our funding service.
  4. You Sign a Contract: If eligible, we’ll forward a contract for you and your attorney to sign. This contract includes all the terms and conditions of our service.
  5. You Get Funds: Once the contract is signed and returned, we’ll transfer the funds directly into your account — it’s that simple!

To highlight how this plays out, let’s consider a plaintiff in Tennessee – John Doe. He was injured in an accident involving a commercial vehicle. Struggling with medical bills and unable to work, John applied for a lawsuit loan through LawsuitLoans.io. We got in touch with his law firm promptly, reviewed his case, and found him eligible. After he and his lawyer signed the contract, we transferred the much-needed funds straight into his account, aiding him during a rough period.

The ease of the process and promptness of our service allowed John to focus fully on his recovery and legal case, instead of being burdened with financial stress.

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Apply today and get funds in as little as 24 hours!

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.

Let us give an example. Suppose a plaintiff in Tennessee was involved in a commercial vehicle accident. Let’s say the claim’s estimated value is $500,000. The case is still in progress and won’t settle for some time. Normally, medical providers receive around 1/3 of the settlement. The attorney gets another 1/3 of the settlement. This means the plaintiff would receive about $170,000. With our pre-settlement loan, we could advance approximately 25% of that amount, which equals $42,500.

What Types of Commercial Vehicles are Frequently Involved in Cases we Fund in Tennessee?

In Tennessee, various types of commercial vehicles ply the roads. Among these, some feature more often in the cases we fund. Yet, it’s important to remember: LawsuitLoans.io funds car accident claims involving any kind of vehicle, whether for private or commercial use.


These large trucks are a common sight on Tennessee highways. Due to their size and weight, accidents involving semi-trucks can lead to serious injuries.

Delivery Vans

Delivery vans are another common commercial vehicle. Because they are often navigating busy city streets, accidents can occur, leading to lawsuits.


Taxis, used throughout cities in Tennessee, can get involved in accidents due to heavy traffic and fast-paced city life.


We also see cases involving bus accidents. Whether it’s city buses, tour buses, or school buses, collisions involving these large vehicles can cause significant damage and injury.

Remember, at LawsuitLoans.io, it doesn’t matter what type of vehicle is involved in your accident case. What matters is you getting the legal funding you need as you await resolution of your claim. To apply, visit our funding application page today or call us toll-free at (800) 340-4973.

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.

Major Cities we Serve in Tennessee

At LawsuitLoans.io, our pre-settlement funding services are accessible not only to all residents of Tennessee, but also nationwide. We aim to offer financial support to as many plaintiffs as possible while they await the resolution of their legal cases. To give you an idea, here are the top 10 cities by population in Tennessee that we serve:

  1. Nashville
  2. Memphis
  3. Knoxville
  4. Chattanooga
  5. Clarksville
  6. Murfreesboro
  7. Franklin
  8. Jackson
  9. Johnson City
  10. Bartlett

No matter where you reside in Tennessee or across the country, feel free to reach out to us. You can apply and receive funds through LawsuitLoans.io funding application or contact us via our toll-free number (800) 340-4973.

Roadway Accident Cases we Fund in Tennessee

At LawsuitLoans.io, we lend financial support to almost any type of roadway accident case in Tennessee. This includes, but is not limited to:

Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly

Tennessee Commercial Vehicle Accident Funding FAQs

If you’re a Tennessee resident and have questions about commercial vehicle accident lawsuit loans, this section is for you. We’ve answered a few commonly asked questions below.

How much does it cost to get a commercial vehicle accident lawsuit loan?

The cost depends on a number of factors. At LawsuitLoans.io, we strive to offer competitive rates. You won’t pay anything upfront and don’t repay the funds until your case is settled or won. If you don’t win, you don’t pay us back.

Do I qualify for a lawsuit loan on my commercial vehicle accident case?

Qualifying for a lawsuit loan from LawsuitLoans.io generally depends on the merits of your case. Factors include the likelihood of a favorable verdict or settlement, the anticipated amount of that verdict or settlement, and other related factors. Every case is unique, but if you have a strong case, you likely qualify.

Can you get a loan on a commercial vehicle accident settlement?

Yes, you can. After a successful settlement in your commercial vehicle accident case, you may obtain a loan from LawsuitLoans.io. This is common when there are long delays in receiving settlement funds. However, remember, the use of the word “loan” is a bit misleading – it’s actually a cash advance against your pending settlement.

Cities we Service in Tennessee

LawsuitLoans.io provides funding throughout Tennessee. See more about our funding in Tennessee by visiting the city pages below:

Get Started

Apply today and get funds in as little as 24 hours!

Other Cases we Fund in Tennessee

LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Tennessee. Read more about the personal injury cases we fund in Tennessee here:

Read more about the roadway accident claims we fund in Tennessee here:

Does LawsuitLoans.io Directly Fund Cases in Tennessee?

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 Tennessee.

Apply now for a free consultation