FAQ
Q. What Does Fundafi® Do?
A. FUNDAFI® provides specialty financing to law firms. Because we focus exclusively on small law firms, we understand the needs of small law firms and the challenges they face better than traditional lenders.
Q. What is Law Firm Financing?
A. Law firm financing is specialized lending tailored for law firms to address cash flow challenges and support growth.
Q. What Types of Law Firms Does Fundafi® Fund?
A. FUNDAFI® has provided capital to small law firms throughout the United States. The firms must have at least one licensed attorney, be set up as a legal business entity and have a portfolio of anticipated fee receivables over $250,000.
Q. How Does Portfolio Financing Work With Fundafi®?
A. Through a simple application process, we assess your firm history, anticipated fees, and borrowing strength. If approved, we work with you to design an initial loan amount and repayment terms that best meet your specific capital needs with repayment based on how and when your firm collects fees. Reapplying for additional funds for existing clients is even more straightforward.
Q. Do you buy a portion of our fees?
A. No.
Q. How do I get started with Fundafi®?
A. It’s easy! You can apply online here or call (877) 584-9044 to speak with a human who can help get you started.
Q. How long does funding take?
A. Typically in under a week. The faster you can get us what we need, the faster we can process your financing.
Q. Does FUNDAFI® try to control litigation or settlement negotiations?
A. No.
Q. Does litigation funding affect attorney-client privilege or attorney work product?
A. No. We do not require any work product or privileged information.
Q. what are the reporting requirements after I receive financing?
A. FUNDAFI® requires regular reporting, but don’t worry the process is easy through your personalized portal.