Advance Case Loans, LLC Secures Financing to Meet Unprecedented Lawsuit Loan Demand
November 9th, 2008Advance Case Loans, LLC, an Illinois based provider of Pre-settlement Litigation Funding, has secured additional private equity capital sufficient to meet a recent surge in their lawsuit loan applications.
The funding increase is a tacit acknowledgement of a deepening recession that has left litigants in need of immediate cash with few alternatives. “The record demand for lawsuit funding, especially in the workmen’s compensation area, is a direct reflection of the troubled economy,” President of Advance Case Loans, Robert Kominsky said. “With the holidays soon approaching and money extremely tight, we are grateful to have additional funds made available to us from which our clients’ needs may be addressed.”
Lawsuit Loan applications are up 100 percent over the same period a year ago. This is a trend that is expected to continue.
Advance Case Loans is licensed by the Illinois Department of Financial Institutions and offers fixed rate litigation funding with no compounding of interest. Funding applications may be submitted through the website at www.advancecaseloans.com.
Advance Case Loans is a leader in the litigation finance industry. For further information about pre-settlement funding, also known as lawsuit loans or lawsuit funding, please email [email protected] or call toll-free at 877-305-5600.
