Disbursement Financing

Disbursement Financing

Looking for disbursement funding to maximize your client claims and free up cash?

Talk to us about Disbursement Financing.

Disbursement Financing

What it is

An approved line of credit for disbursement financing allows you to obtain funding for a wide range of disbursements on files necessary to advance your cases. Free up cash to cover operating expenses, obtain more files, or pay partner distributions.

Our disbursement line of credit can be used interchangeably for Assessment Financing or Disbursement Refinancing.

Assessment Financing

Expert assessments are a large part of a personal injury lawyer’s disbursements. As such, we have created our Assessment Financing solution to provide access to the Independent Medical Expert reports you require today, with no payments until settlement.

We have established an extensive network of companies across Canada to help provide you with timely access to medical assessment services so you can focus on maximizing your client claims.

How it works

01

We work with you to establish a line of credit based on your specific needs.

02

You contact any of the Assessment Partners in our program to source an expert or service.

03

The Assessment Partner completes the service and sends us the invoice.

04

The Assessment Partner sells the invoice to Rhino Finance based on your direction.

05

You pay the invoice amount to Rhino Finance upon the settlement of the claim. If less than 24 months, no interest is charged.

Key loan details

* an extension is negotiable if a file has not set settled within this term

Disbursement Refinancing

Suppose you have already paid for a large number of assessments or disbursements like clinical notes or police reports. In that case, Disbursement Refinancing repays you for expenses already incurred. Our refinancing option gives you instant cash to grow your business and take on more files.

How it works

01

We work with you to establish a line of credit based on your specific needs.

02

You send us a list of paid and unbilled disbursements on active files, the sum of which you want to draw on the disbursement line of credit.

03

We credit your bank account or send you a cheque for the total of disbursements you want to refinance.

04

At the earlier of file settlement or three years, you pay Rhino the principal amount financed plus accrued interest from the date of the draw.

Key loan details

Access the Independent Medical Experts you require:

We connect you with qualified medical assessment firms that provide the expert evidence you need to build your personal injury cases. Our partners are a roster of specialists and regional/national experts that can assist with a wide range of services, including:

Frequently Asked Questions

The minimum amount is $100,000, and it can go up from there.

The payment is due upon settlement of the claim, or three years from the date of the contract, whichever is earlier. An extension is negotiable if a file has not settled within this term.

We can generate reporting for the lawyer on the firm level, or the client level (to recognize the individual disbursement).

We work with an extensive regional and national network of top experts from across Canada. Contact us for a complete list of providers.

At the very least, we require the executed loan agreement, two years of financial statements for the firm, two pieces of identification for the principal signing on behalf of the firm and any guarantors, a copy of the business name (title) registration. If anything is required beyond this documentation, we will let you know. A Law Society Review, PPSA and BIA searches will also be conducted, prior to funding.

With the necessary documentation submitted and approved and the contract executed by you, you will get your line of credit within 48 hours.

Don’t see your question answered here? Call 1-888-291-4488 or email [email protected] to contact one of our client service representatives.

Contact Info

ADDRESS

TD Canada Trust Tower
161 Bay Street, 27th Floor
P.O. Box 508
Toronto, Ontario M5J 2S1

WORKING HOURS

Weekdays: 9:00 AM – 5:00 PM MST
Weekends: Closed

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