Am I eligible for a Cash Advance from Salvo Park Funding, LLC?
You are very likely eligible for a cash advance if you have been wrongfully injured in any way and are currently involved in a lawsuit to collect damages for your injuries. Click here to see the types of eligible claims
Your credit and employment histories are not considered in deciding whether to make a cash advance.
How Much of a Cash Advance will Salvo Park Funding, LLC make?
Our cash advances range from $500 to $100,000. Historically, most of our advances have ranged between $1,500 and $15,000. The total cash advances are generally limited to 10% – 15% of your projected settlement value, depending on the facts of your case and your financial needs.
It is our policy to advance only those funds necessary to meet Claimant’s current financial obligations and living expenses.
Upon request, Salvo Park Funding, LLC also provides a free financial advisory service to help you determine your financial needs and even create a budget to follow until your claim is settled.
We can structure the cash advance as one lump sum or periodic payments over time.
How Long Does It Take to Receive a Cash Advance?
When we receive your application, we will discuss your case with your attorney and request certain documents, such as police records, accident reports, insurance verification etc.
Once we approve your application and you and your attorney sign the documents to make a cash advance, the funds can be delivered to you or your attorney within 24 to 48 hours.
Our turn-around time to send you money is one of the fastest in the industry!
How Do I Get Started?
It’s your choice
You can simply complete our online application to apply for quick cash now, or
You can e-mail us general information or questions and we will promptly call you, or
At any time, please fell free to contact one of our representatives for assistance or to answer your questions. Our phone number is 585-867-1395.
What Is My Obligation to Repay the Cash Advance
A cash advance is not a loan. The advances are considered to be a speculative investment in the potential settlement proceeds of your claim. Since Salvo Park Funding, LLC is considered to be an investor in your case we assume the risk of loss.
When we provide you with a cash advance, we file a lien on the potential proceeds of your claim with your attorney. If your claim is successful, your attorney will repay us only out of your settlement proceeds.
If you lose your case you owe us nothing and you keep the cash advance.
Do I Have to Pay Any Upfront Fees or Other Charges?
No. As discussed in the question above, all amounts owed to Salvo Park Funding, LLC are paid only out of the cash proceeds from your settlement claim. Generally there is a processing fee of approximately $350, but this is only paid to us if and when you settle your claim.
Prior to providing you with an advance we will also provide you with a summary schedule that clearly and fully discloses to you and your attorney all amounts owed to us if your claim is successful.
Is this Expensive?
At Salvo Park Funding, LLC we strive to provide the lowest cost to you on a cash advance as compared to our competitors. Our rates and fees are among the most competitive in the industry.
However, due to the complexities and level of risk associated with investments in injury claims, the costs of a cash advance from Salvo Park Funding, LLC is more expensive than traditional financing, for example from a bank or credit union.
For this reason, we encourage you to investigate all other financing options, such as a financial institution and family members.
However, remember that any amount received from a financial institution is considered to be a loan. This will require you to pay back the loan, even if you are unsuccessful with your case. At Salvo Park Funding, LLC you are obligated to repay us only out of the proceeds of your case and you pay us nothing back if you lose your case.
As discussed, upon your request we will create a monthly budget of your financial needs and advance your funds as they are needed, thereby giving you financial peace of mind and minimizing the amount owed to us upon settlement of your claim.
What Role Does Salvo Park Funding, LLC Have in My Claim?
Salvo Park Funding, LLC plays absolutely no role in any aspect of your case. Any and all decisions on how to proceed with your case is left entirely left up to you, in consultation with your attorney.
Our only involvement is to initially review your case file so we can evaluate the claim. We will keep this information strictly confidential unless otherwise directed by you or a court of law.
We may request periodic updates regarding the status of you claim.
Does My Attorney Play Any Role in the Request for a Cash Advance?
We strongly recommend that you review your request for a cash advance with your attorney.