Covered Bridge Capital`s funding of the applicant is an investment in a legal dispute alongside the applicant. WASHINGTON – The U.S. Department of Transportation today launched the historic Bridge Formula Program made possible by President Biden`s bipartisan infrastructure law. The program, which will be administered by the Federal Highway Administration, represents the largest investment in dedicated bridges since the construction of the interstate highway system, providing $26.5 billion and $825 million for tribal transportation facilities to the states, the District of Columbia and Puerto Rico over a five-year period. The total amount that will be available to states, DC and Puerto Rico in fiscal year 2022 is $5.3 billion, as well as $165 million for tribes. The FHWA also published the first guidelines for the new program. Balanced Bridge has identified some areas in which they will focus on providing financing. Through its subsidiaries Accel Commission Advance and First Year Funding, the company has expanded into areas where traditional lenders such as banks and credit unions are unable or unwilling to provide financing. “We believe Balanced Bridge will be the preferred financing choice for those looking for other ways to access capital,” said Joseph Genovesi, President and CEO of Balanced Bridge.
To learn more about Balanced Bridge, its financing solutions and the application process, please call 267-457-4540 to speak with a financial specialist. You can also visit them at www.balancedbridge.com where you can apply for funding. Litigation financing can be a lifeline for your financially distressed clients, helping them cover immediate expenses while avoiding premature acceptance of an unfair settlement. Like insurance companies, litigation financing offers a way to shift risk. Whether he wins or loses, your customer is assured of a recovery. We say “guaranteed” because your client is not obliged to reimburse us in the event of a defense judgment. Prosecution funding can provide you and the financial flexibility you need now, while your lawyer fights for the full value of your case. Not all funds are regressive, which means that if your case is not successful, you don`t owe Bridgeway anything! Advances can be completed in just 24 hours after contacting us.
Apply now! “Balanced Bridge was founded to provide financing to professionals with specific financing needs that are not served by traditional lenders,” said Patrick Conlin, Managing Director of Balanced Bridge. “We can help anyone who wants to speed up their deserved requests.” The FHWA has released the first tranche of Bridge Formula program funding for fiscal year 2022 to states in addition to the program guidelines. A map of the bridges can be found infobridge.fhwa.dot.gov/. Here is the state-to-state FPB funding for the 2022-2026 fiscal years. Applicants and lawyers for applicants interested in our post-settlement financing product can complete an application form on the Balanced Bridge website. Our application process is very simple. Once our subscribers have received the application, a funding decision can be made within a few days. Balanced Bridge does not drag the process through the draw, as time is critical for candidates. For plaintiffs` lawyers, the Company may provide funding for the fees provided for, regardless of the case and jurisdiction. Balanced Bridge can help in most cases where there is billing and late payment.
The same applies to claimants who are part of a lawsuit that led to a settlement, received confirmation of their sentences and is now awaiting payment. Covered Bridge Capital stands out as a litigation financing partner thanks to our team of trusted professionals and their commitment to providing the best customer service every day. Applicants who have received settled case awards and are interested in our product to fund claimants after settlement can learn more by reading our FaQs on Legal Funding for Claimants. Plaintiffs` lawyers who have closed case fees and are interested in our post-settlement lawyer financing product can also learn more by reading our PLAINTIFFs` lawyers FAQ. Interested candidates can also visit our website or call 267-457-4540 and speak to one of our representatives. Any applicant or counsel for the applicant who is willing to apply for funding after the payment of their fees or arbitral award can still complete an application today. More than $27 billion in states and tribal transportation facilities to repair about 15,000 bridges nationwide In addition, by being cautious and funding no more than 10% of the value of the case, we are able to provide affordable terms, and our privilege should never interfere with a lawyer`s efforts to settle a case. “Why would I need funding for my fees once my file has reached an agreement?” We often get this question, so let`s explain it. For more than 15 years, Covered Bridge Capital has focused solely on connecting plaintiffs involved in personal injury litigation and other related lawsuits with the funding they need. Optimal results in litigation, enforcement and recovery measures are achieved with specialized knowledge, commitment and knowledge of the road.
Our team is designed to deliver just that – as an exceptional ally and innovative and reliable partner for individuals, businesses and professional advisors looking for strategic financing solutions for litigation costs and legal financing. Omni Bridgeway provides dispute resolution financing worldwide, from the origin of the case to execution and enforcement after judgment, and provides intermarket legal financing. The nonpartisan infrastructure bill encourages states to direct funds from the new Bridge Formula program to out-of-system bridges owned by a county, city, city or other local authority. While federal funding typically needs to be aligned with up to 20 percent of state or local funding, guidelines released today indicate that federal funds can be used to repair or rehabilitate these out-of-system local bridges at 100 percent of the cost. Potential customers often ask us whether legal financing is legal or not. Legal. Explanations. Balanced Bridge`s directors, Joseph Genovesi and Patrick Conlin, have over 40 years of experience in alternative finance. Genovesi was the head of an alternative financial company. Previously, he was President of a $200 million legal finance firm and Senior Vice President of an alternative consulting firm. Conlin has acted as financial advisor to growing companies in various sectors, advising on mergers and acquisitions and capital raising issues.
“The Biden-Harris administration is excited to launch this program to repair thousands of bridges across the country — the largest investment in bridges since the construction of the interstate highway system,” said U.S. Secretary of Transportation Pete Buttigieg. “Modernizing America`s bridges will help improve safety, support economic growth and improve the lives of people in all parts of the country – in rural, suburban, urban and tribal communities. As a direct funder, Balanced Bridge provides funding to applicants and does not mediate applications it receives from external companies. Many of the companies that promote lawyer-based financing or post-settlement financing are brokers. Other companies in the field of legal financing may only offer case cost financing, structured comparative financing or pre-resolution financing. In addition, some legal finance companies may have a high minimum advance amount and limit the maximum amount they can give. At Balanced Bridge, the minimum advance we can give plaintiffs and plaintiffs` lawyers is $10,000.
The maximum can go into millions. “This record amount of funding made possible by the bipartisan infrastructure bill will allow states and tribal governments to repair the bridges that need repair most,” said Deputy Federal Highway Administrator Stephanie Pollack.