Questions to ask a receivables funder before you sign

Funding agreements are not all alike. These questions help you understand what you are agreeing to, whoever you work with.

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Structure

  • What exactly is being funded, and what does the provider give up in exchange?
  • Is the arrangement a sale, a loan or something else, and what does the agreement say?
  • What happens if a case settles for less than the billed amount, or does not settle?

Costs

  • What fees and charges apply and when are they due?
  • Is there any cost if a case resolves quickly, or slowly?
  • Are there any charges beyond those on the first page of the agreement?

Process

  • What documents does the funder need and how are they sent?
  • Who contacts the attorney on each case, and how?
  • How will the funder treat your relationships with attorneys and patients?

Fit

  • Does the funder have experience in personal injury receivables for your type of practice?
  • Can you speak to references or read reviews?
  • Have your accountant and attorney reviewed the agreement?

Our answer

We put everything in writing before any money moves, and we encourage every practice to have its own advisors review the agreement. Request a review to ask us yours.

This page is general information, not legal, tax or financial advice. Any funding is subject to review and a written agreement.

Common questions

Should an attorney review the agreement?

We recommend that every provider have their own attorney and accountant review any funding agreement.

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