Line of Credit for Healthcare Providers
Healthcare Line
Our line of credit and funding options are designed to help healthcare providers who are experiencing cash flow problems due to delays in insurance payments or Medicare and Medicaid claim payments.
Navigate Financial Challenges With Confidence
These financial solutions provide the necessary resources to maintain operations, pay staff, and ensure that patient care is not compromised. With flexible repayment terms and quick access to funds, healthcare providers can navigate their financial challenges with confidence.
Below are some highlights of our funding programs:
Medical Accounts Receivable Line of Credit
- $500,000 - $15,000,000 (below $500,000 - click)
- Up to 85% Advance Rate
- Non-amortizing structure (interest-only payments)
- Get charged interest only on the amount of AR financed
- Covenant light
Medical Accounts Receivable Factoring Facility
- $500,000 - $3,000,000 (below $500,000 - click)
- Up to 85% Advance Rate
- Choose which AR to factor
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
- The 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 85% 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 medical professionals with financial services tailored specifically for the healthcare industry.
NEED CASH NOW?
If you need to quickly cover payroll or other business expenses, we offer financing based on your monthly revenues. You can expect approval and funding in as little as 2 to 3 days. Click here for more details.