Dersovitz was flabbergasted. It just doesn't happen. But they said no. As a result, Dersovitz says, he couldn't give out holiday bonuses or pay bills until well after Christmas. So they typically have to rely on credit lines from banks to meet their needs while they're waiting for their checks to come in.
People like to keep their personal finances separate from their business finances.
And the truth is, the credit line you can secure on a personal level may be too small to carry the business from month to month. So he came up with the idea for RD Legal Funding as a way for lawyers stay liquid during income lulls. Gacovino, for one, is grateful for the service. He says he'd much rather save his bank credit line for large purchases rather than short-term needs, which can be better met by selling his pending fees. You're limited only by what your receivables are.