Vincent Loughlin
New York, NY (USA)
Role(s):
Select
Legal Funding Solutions
Find More Startups
Startup
Location:
New York
Industry:
Finance
Year Founded:
2008
Number Employees:
1-10 people
Description:
Legal Funding Solutions is a New York City based provider of pre-settlement legal funding. We offer plaintiffs non-recourse funding based on the time expected to settle their personal injury claim and the overall strength of their case.
Our target market is a number of high volume, reputable personal injury firms that will act (and are presently acting) as referral sources. This will help to insure that we are only investing in quality cases in which the probability of positive outcomes are extremely high. Our immediate jurisdiction also ranks highest nationwide for compensatory awards.
Our founding partners have made a substantial investment in the company thus far. At this point in time we are searching for an additional cash infusion of 500K+ to sufficiently meet future demand. Our business is growing at a rapid pace however a lack of sufficient short term capital is the only obstacle standing in the way of truly explosive growth.
This is a unique area of the finance industry that is as close to recession proof as you will find. Our profit margins are projected to be over 50% by year three due to minimal overhead and low market saturation.
We are set to offer a potential investor (or pool of investors) a generous APR and equity stake in our company. Thank you for your interest.