financing for LABORATORIES

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Laboratory financing. Funding solutions are available for most types of laboratories, including clinical tests, laboratory diagnostics labs, hospitals, independent labs, and physicians' office labs. Options include unsecured lines of credit (ACH), business loans, accounts receivable financing, and factoring of commercial receivables.

FUNDING SOLUTIONS INCLUDE

UNSECURED LINE OF CREDIT

• Maximum: $250K LOC limit
• Rule of thumb - can lend 100% of their monthly gross sales
• 1 year time in business
• 650 ideal FICO score (flexible)
• Max term length 18 months (longer time in business may yield longer terms)
• Structured as a simple interest-term loan and/or true revolving line of credit

ACH BUSINESS LOANS

• $100,000 – $1,000,000 (below $100,000 - click)
• Low competitive rates
• FICO 600+
• 4-18 Month Term
• $15,000 Min Monthly Gross
• Up to 4 NSF/Negative Days per Month
• TIB 1 Year
• Weekly/Daily Payments

Business owners know that sales alone do not measure the profitability of a company. Sales may be increasing but you may be waiting weeks or months to receive payments on your invoices, and during that time your cash flow is significantly affected.  These are flexible funding options offered by an affiliate that specializes in lab financing with solutions that may offer the right option to solve cash flow restraints.

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