Medical receivable financing is the easiest way to get working capital for your business. The amount is strictly based on the value of the invoices from your insurance companies – your accounts receivable.
Here is the key advantage to medical receivable financing: If your sales go up, the amount of your financing automatically goes up. So what does that mean? Cash flow crunches can be avoided and you don’t have to worry about slow-paying customers.
Your credit is left alone
We do not consider your company’s credit history nor do we look at other factors important to traditional lenders such as a track record of profitability, positive net worth, or whether or not you have hard assets for collateral, etc. With us, you use the creditworthiness of your insurance companies to get the working capital you need.
Freedom to run your operations
Therefore, medical receivables financing has many advantages over traditional loans and other types of financing. You avoid: restrictive covenants, tying up all your assets, giving up equity, relying on your credit for funding, the burden of periodic loan payments, and going through the yearly loan review process.
The bottom line
You should concentrate on what you do best – running your business and increasing sales.