Product Comparison

 

Comparison of Advocate Capital, Inc. Products

Case Expense Funding

Working Capital

Settlement Funding

Cost

Least Expensive

Moderately Priced

Most Expensive

Credit Score

Very Important

Very Important

Not Important

Steady Law Firm Revenue

Very Important

Very Important

Not Important

Positive Law Firm Cash Flow

Important

Very Important

Not Important

Positive Net Worth for Law Firm and Partners

Very Important

Very Important

Not Important

Underwriting Process

Moderate

Moderate

Easy

Collateral

1st Position UCC Filed On All Law Firm Accounts Receivable

1st Position UCC Filed On All Law Firm Accounts Receivable

UCC Filed Only On The Particular Settled Case

Personal Guarantee Required

Yes, For Any Partner Owning >= 20% Of The Law Firm

Yes, For Any Partner Owning >= 20% Of The Law Firm

No.

Approval Time*

3-5 Business Days

3-5 Business Days

1-2 Business Days

Minimum Line or Advance

$75,000

$200,000

$100,000

Maximum Line or Advance

$5,000,000

$5,000,000

$500,000

Application Fee

None

None

$150 if advance is under $150,000

Up-Front Costs

None

Typically An Annual Line Fee of 2%

None, except for Application Fee (above)

Annual Field Exam

Yes

No

No

Monthly Interest Payments

Yes, Simple Interest

Yes, Simple Interest

None

Length of Relationship

Annually Renewable, Subject to Approval

Annually Renewable, Subject to Approval

One-Time Purchase Transaction

 

* Approval time is quoted from the time we receive all necessary documentation until approval is given.

Case Expense Financing at a Net Cost of Less Than 1%*

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