BP Oil Spill Settlement Loans
The Deepwater Horizon oil spill of 2010 was one of the worst environmental disasters in U.S. history. Also known as the BP oil spill, or BP Gulf disaster, it affected more than 16,000 miles of coastline along the states of Florida, Mississippi, Louisiana, Texas, and Alabama. Over a period of 87 days, an estimated 200 million gallons of crude oil was pumped into the Gulf of Mexico, polluting miles of shoreline, killing wildlife, and affecting all those who live and work in the region. The massive explosion and subsequent spill spelled disaster for fishing and tourism industries and created long-term health concerns for local habitats and humans affected by the disaster.
British Petroleum is responsible for billions of dollars in damages and clean-up costs, and settlements between the company and private litigants are now being handled by the Deepwater Horizon Claims Center. An administrator for the center confirms that BP has paid out over $2 billion to businesses and individuals who lost money as a direct result of the spill. While the claims process continues to drag on nearly three years after the catastrophe, those who are involved are still struggling financially.
LawStreet Capital is currently providing BP oil spill lawsuit loans in all Gulf states affected by the event. Individuals and businesses who are awaiting their settlement funds may benefit from this non-recourse cash advance.
Lawsuit loans can help you weather the financial storm
If you have a pending BP oil spill claim, you may be eligible for a lawsuit loan to help tide you over until litigation settles. The claims process may take many more months or even years to resolve. In the interim, BP Gulf oil spill pre settlement funding will provide an immediate influx of cash to help cover day-to-day expenses. The BP oil spill fund is currently settling claims with the following private and commercial entities who suffered losses from the disaster:
- Shrimping, Fishing and Oyster industries
- Tourism businesses
- Restaurant owners
- Professionals (doctors, dentists, vets etc.)
- General contractors, developers and tradesmen
- Recreational fishing businesses
- Non-profit organizations and charities
- Environmental groups
- Private boat owners
- Dock and marina owners
- Watersports industry
- Property owners and landlords
LawStreet Capital is proud to offer BP oil spill lawsuit loans for both individuals and commercial businesses with claims against British Petroleum, or those who have consulted an attorney for possible litigation, but need economic assistance with legal fees. With this type of risk-free advance funding, you can better manage the ramifications of lost profits, property damage, and/or lost wages from a physical inability to work while you await your settlement.
Advantages of pre settlements loans for BP Gulf victims
Many small businesses and large commercial enterprises that operate in coastal areas affected by the BP Gulf oil spill and have not made claims are encouraged to do so. Settlements for economic and property damages are intended to compensate those who incurred financial losses, including lost profits and lost potential for growth. Travel and tourism-related businesses, contractors, developers, and other parties that experienced a drop in revenues in 2010 may pursue a claim against British Petroleum.
There is no standard requirement to prove that the BP oil spill caused your economic losses. Instead, claimants must show revenue trends that indicate losses which have resulted from the spill. The claim settlement process is often laborious, leaving a great short-term need for capital among those businesses directly affected.
BP oil spill lawsuit loans can help you cover general overhead like payroll expenses; repair damaged inventory; or fund your litigation costs until a fair settlement is reached. However, unlike a regular loan with a bank, our pre settlement loans are non-recourse, which means you only pay back the cash advance if you win your lawsuit or receive settlement funds. And at LawStreet Capital, there are never any credit checks, as our staff will evaluate your application based on the strength and anticipated outcome of your BP claim.
Use your pre settlement cash advance to help mitigate losses associated with:
- Lost business profits
- Business or property damage
- Lost or diminished revenue
- Loss of ability to work or earn a living
- Deprivation of Gulf natural resources
Need money now? Apply with us today
We understand you have a choice when it comes to legal funding companies, and we are glad to help during your most urgent time of need. We offer BP Gulf oil spill pre settlement loans at the industry’s most competitive rates, and there are never any hidden fees or employment checks. Whether you’re a business owner in need of $5,000 or $500,000, contact us today for assistance. In most situations, our company can underwrite your lawsuit loan in just 24 hours.
Residents of Louisiana, Mississippi, Texas, Alabama and Florida can fill out the submission form on the right of this page, or call our toll-free number to begin your free application. Call LawStreet Capital, your BP oil spill lawsuit loans specialist, for more information: 1-866-FUND-662.