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6 Things To Know About Pre-Settlement Loans



If you’ve been involved in an accident and you have a claim against an insured defendant, you may be eligible to receive a pre-settlement loan on your case. These loans are designed to help you cover your expenses while you wait for your case to settle or be resolved inside a courtroom.

A pre-settlement loan is also free of risk, meaning it does not have any repayment attachments until the case is 100% successfully resolved in the plaintiff’s favor. This is helpful for people who lack the capital to move forward with their claims and need help covering day-to-day costs, medical bills, or other emergencies during a long and delayed legal dispute. Unlike bank financing or personal loans, pre-settlement loans are not based on your credit score or employment history. Instead, lenders use the potential settlement or trial award that you may receive in the future as collateral.

1 – How Do Pre-Settlement Loans Work?

When you apply for a pre-settlement loan for your claim, the lender will review your case and determine the potential settlement you may receive with your attorney. Based on this amount, they will offer you a loan with a specific interest rate. Once your case settles, the lender will be paid back directly from the settlement by your lawyer. If you don’t win your case, you won’t have to pay back the loan.

2 – Qualification for Pre-Settlement Loan

Potential borrowers who have been involved in an accident and are waiting for a settlement from an insurance company may qualify for a pre-settlement loan if their case has merits. Generally, pre-settlement lenders will review the potential settlement amount you may receive to determine if you are eligible for a loan. It’s important to note that pre-settlement loans are typically available for personal injury cases, such as car accidents, slip and fall accidents, and medical malpractice cases. However, some lenders offer them for plaintiffs involved in corporate litigation worth at least $1,000,000.

3 – Pros of Pre-Settlement Loans

  1. They can help you cover your bills during your legal battle.
  2. They don’t require a credit check or employment verification.
  3. They are non-recourse, which means you don’t have to pay back the money if you don’t win your case.

4 – Cons of Pre-Settlement Loans

  1. They can have high interest rates, higher than traditional bank financing.
  2. The amount you receive is only up to 20% of the potential settlement you may obtain sometime in the future.
  3. If your case is not strong enough to win compensation, you won’t receive any funds, and the lender won’t be interested in funding your claim.

5 – Applying for a Pre-Settlement Loan

If you’re interested in applying for a pre-settlement loan, the first step is to find a reputable funding provider. You can search online or ask your attorney for recommendations. Once you find a lender, you’ll need to provide them with information about your case, including the potential settlement you may receive. The lender will then review your case and determine if your case is good enough to qualify for a loan. If you are, they will offer you a loan with a specific interest rate and fees you will have to pay once your case concludes successfully. If you accept the terms of the loan, you’ll receive the funds in whichever method they provide.

6 – Are Lawsuit Advances Loans:

Lawsuit advances, also known as pre-settlement loans or lawsuit funding, are often referred to as loans, but they are not technically loans in the traditional financial sense. Instead, they are a non-recourse form of financing against the future legal proceeds of a settlement or a court judgment. This means that if you lose your case or do not receive a settlement or judgment, you are not required to repay the money you borrowed. However, if you do get compensation, you will need to repay the cash advance along with any fees or interest charges in the contract you signed. So while lawsuit advances are often referred to as loans, they should not be confused with the traditional meaning of what a bank loan actually is.

In Conclusion

In conclusion, pre-settlement loans can be a helpful financial tool for people who have been involved in a personal injury case. These loans can provide financial relief during a stressful time, and they are often a good temporary solution for those who are having trouble paying their cost of living. Before deciding on receiving a pre-settlement loan, consider the terms and conditions of the funding agreement, as interest rates and fees can be high. However, for many people in this situation, a pre-settlement loan can be the perfect option to help them get through their lawsuit and access the money they need to move on with their lives and see their case through.

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The Top Equipment You’ll Need Before You Launch Your Landscaping Business




If you’re planning to start a landscaping business, you’re going to need the right equipment to get the job done. Investing in high-quality equipment is essential for ensuring that you can provide top-notch services to your clients. Many of the options in this list are a must to buy, while others can be rented out for the day or week, depending on how long you need them. 

What’s critical is, of course, maintenance. Always get a shadow board and other storage units to go alongside these tools and equipment. This way, you can safely transport the necessary tools to the job and minimize injuries. Since there’s a place for everything, your workers can find what they need faster, there will be less damage overall, and you’ll look more professional. 

So, keeping in mind you’ll need a way to store every item in this list, here are some essentials you’ll need to get started: 

  1. Plant Tools  

Some of the most important landscaping tools you’ll need are plant tools, but these come at exceptionally high prices. Don’t worry. There is no need to keep all the plant tools you’d need for every job on hand. Instead, rent it. By properly planning out the schedule, you can rent those specialist plant tools like excavators for a day or even a few weeks and incorporate that cost into your quote. 

  1. Surveying Equipment 

Surveying equipment is essential for any landscaping business. This equipment helps you accurately measure and plan landscaping projects, ensuring you get the job done right the first time. From measuring tapes and levels to a transit, several options will help you get the job done quickly. 

  1. Cutting Tools 

There are many different materials you’ll need to cut down to size, from metal to stone. To make precise cuts safely, you’ll need a range of professional cutting tools like handheld saws, circular saws, and reciprocating saws. In addition to these saws, you’ll also need to make sure you have all the PPE on hand to prevent workers from inhaling the dust or getting it into their eyes. 

  1. Gardening Equipment

No landscaping business is complete without a selection of essential gardening tools like lawnmowers, shovels, rakes, or pruning shears. These tools are essential for planting, digging, and maintaining landscaping beds. Look for high-quality, durable hand tools that can withstand frequent use.

  1. Trailer or Truck

You’ll need a trailer or truck to transport all of your equipment to job sites. A trailer is a more affordable option, while a truck provides more storage and towing capacity. Look for models that are large enough to accommodate all of your equipment and durable enough to withstand frequent use.

  1. Safety Equipment

Finally, don’t forget about safety equipment. As a landscaping business owner, it’s your responsibility to keep yourself and your employees safe while on the job. This includes personal protective equipment, such as gloves, safety glasses, ear protection, and warning signs and cones for job sites.

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What to Factor into Your Budget When Moving Your Business 




Moving your business can be incredibly difficult, and it can put pressure on your business in several ways, especially on your finances. As such, if you are worried about how the move will affect your company’s bank account, here is what you should factor into your budget when moving your business. 


Although you may not think that you will need storage because, in an ideal world, you would simply transport your supplies and equipment from one location to another, that is not always the case. So, if something is getting in the way of your being able to move your office supplies and equipment easily, you should consider investing in self-storage units. These units can enable you to have somewhere safe to store all your different pieces of equipment without them getting damaged or having to give up any of your prized office supplies. Therefore, if you have an overwhelming amount of equipment to move and want to do this gradually, you should make sure that a self-storage unit from a company like is within your budget. Any spending that can make the move easier for you is a good use of your money. 


Although you might be able to acquire spare boxes from your warehouse or get them off free online listings, if you want to keep your possessions safe, you will likely need to invest in some top-quality packaging materials. However, you should make sure that you only buy the packaging that you need and that you reuse any old packaging that you already have so that you can save money and care for the environment. This will cut your spending in the long run, though, as this will ensure that you will not have to pay out an extortionate amount to replace any supplies or equipment that have been lost or damaged in the move. 

Moving Vans 

It is unlikely that you will be able to move all your office supplies and equipment in a car, especially if you want to transport these all at once. So, you should make sure that there is room to hire a moving van within your budget and that you set these funds aside. By hiring moving services, you will also be able to make the move simpler and quicker as the moving professionals that come with these services will be able to help you to pack and transport the items that you are keeping, as well as unload the van at your destination. You will then not have the hassle of moving all these office items yourself. 

So, if you are about to move your business to a new location, there are many aspects that you might have forgotten but which are essential to include within your budget, from moving vans to packaging. You should also not forget expenses outside of the move itself, such as the need to provide employee relocation packages. This will ensure that you do not end up finding that your move is unaffordable for your company by the middle of the move. 

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How to Start an Ecommerce Business From Scratch




So you want to start an ecommerce business as a complete beginner but don’t know exactly how to go about it, right?

Whether you are confused about websites, finding winning products, marketing, and sales tactics, hiring a team, legal procedures to registering your business, or what ecommerce business model to adopt, we’ve got you covered.

Read along to make sure you’re taking the right steps towards running a successful ecommerce business.

How to Find a Market you Can Sell to Online 

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”Amazing things will happen when you listen to the customer” – Jonathan Midenhall  

You know why the internet is littered with corpses of over a billion failed ecommerce websites?

People are selling what others don’t want. Heck, many business owners hate working on their businesses.

Running a business is much an experience, a service and product, to you as it is to your customer. If you don’t have some sort of connection to your business that surpasses just making money for its sake, you won’t be strong enough to weather the storm of entrepreneurship that’s surely coming your way.

But don’t be scared, you have it in you to win, you just haven’t realized it yet. Doubt me? Okay see…

Your business could help provide extra income for you and your family in these unprecedented times. That connection and duty to serve your family, is the motivation you need. Passion for your business could be another connection to help you do what’s necessary to succeed. Being tired of being at another human being’s mercy could be it for you.

Let one of those emotional subjects drive you. With that said, find a hungry market. It’s simply a group of people that have a problem you can solve. It would be better if that service or product is connected to your hobby or passion. A hobbyist writer can offer content writing services to companies on the internet.

How to Find Products to Sell Online 

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As we discussed above, if your passions are aligned with the problems companies need online, then you could sell that as a service or product. Someone who likes woodworking, could sell crafts to wood enthusiasts through their ecommerce store or marketplace.

But services and products don’t have to be about writing and crafting. There are many ecommerce business models out there to explore and adopt. For example, the woodworker could decide to sell woodworking tools through affiliate partnerships to fellow woodworkers that follow him.

A writer could do the same, by selling tech writing tools to blog readers who are aspiring writers themselves. A software engineer could create a Software as a Service company to help make business processes easier for a certain industry eg Online Marketing (HubSpot)

And if you’re just passionate about commerce, you could use the numerous online marketplaces to buy products on the cheap on one platform and resell at a higher price on another. This is known as ecommerce arbitrage. You could also decide to dropship products through a website store of your own if you don’t want to deal with inventory.

How to Setup Your Website and Register Your Business

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Depending on what type of ecommerce business you want to start, there are many ways to create and launch your website online. 

If you’re more of a service provider and freelancer, go for websites that have the drag and drop feature for an easy experience.

Affiliate marketers and content creators should use something with a content management system that gives its users the most customization options. They just have to find good themes for an attractive website design.

Register your business as a corporation preferably a C corporation to take advantage of the tax benefits associated with such companies.

How to Run Profitable Sales and Marketing Campaigns 

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Once you have your website set up and your business registered, plan out a paid and/or organic marketing strategy.

Organic content marketing is best suited for affiliate marketers and store owners on a budget with free time on their hands. Freelancers can start cold pitching their prospects through email.

If you have funds and a stomach to lose a chunk of it before you actually make a profit, go with paid marketing strategies.

Another thing to consider is buying a small profitable ecommerce business on online marketplaces. You can bypass all the grunt work of starting a profitable business, and now have a system that works.

How to Iterate and Optimize Business Strategies 

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Business strategies and tactics will always change because the human condition is always changing. Keep tabs on marketing metrics and sales statistics to monitor the health of your business. Execute your ideas and watch to see what works. Then do more of what works while shutting down failed experiments.

Your Time Starts Now…

Don’t wait another minute, spend the next hour selecting your niche and a business model that suits you. And start setting up your website. Make an effort towards your ecommerce business everyday and soon you’ll have a successful one.

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