Factoring for diagnostics laboratories
From $100,000 to $3,000,000 (below $100,000 - click)
Factoring and financing for diagnostic labs. Invoice factoring and claims financing are essential funding tools when the business is short of cash due to unpaid invoices or claims. Unlike banks and other traditional lenders, we offer specialized flexible funding options utilizing your receivables, including Medicaid and Medicare claims, private insurance, PPOs and HMOs, and other commercial receivables. With factoring, you are not creating debt, and the business can move forward without cash flow concerns.
SIMPLE PROCESS
Typically we begin with a phone call to understand your specific situation and funding requirements and to answer any questions you may have.
For a proposal, we ask for certain documents that include:
- Our application is signed by the owner(s)
- Current Accounts Receivable and Payables reports
- List of insurance companies, government payors
- Most recent profit and loss statement and balance sheet
ADVANTAGES
- Clients will be dealing with a direct source of private and institutional funds
- Competitive rates
- Advances on receivables as high as 80% on eligible ARs
- Simple - uncomplicated qualifying process
- Flexible terms. Financing can be structured to fit the business funding requirements
- Lockbox Account
ACCOMMODATING
- We can even consider clients with certain financial challenges or reorganizing in bankruptcy
- Services and solutions can easily be tailored to your specific needs
- Funding is designed to be flexible and grow with the business
- We can help bridge the financial gaps in operating business plans
We are part of a network of strategic partners specializing in funding solutions for diagnostics labs and medical professionals with financial services that are tailored specifically for the healthcare industry.
Get Started