Accounts Receivable Financing
Healthcare Accounts Receivable (A/R) financing is a smart funding solution that helps healthcare providers get immediate access to cash that's tied up in their unpaid medical claims or patient invoices. Essentially, it advances funds against expected payments from insurance companies, Medicare, Medicaid, or patients, which is a game-changer for improving cash flow while waiting for those reimbursements to come through.
What makes healthcare A/R financing stand out is that it's specifically designed for the complex world of medical billing and third-party payments. Unlike general financing, these lenders often offer extra help like claim verification, billing support, and even collections management.
The amount of funding you can get is based on the value of your eligible receivables. And here's a great part: your borrowing ability changes as you collect payments and generate new invoices, giving your healthcare business ongoing access to working capital when you need it most.
Equipment Financing
With Medical Equipment based financing there's no standard down payment required for our funding solutions. There is also a unique benefit for newer medical businesses: Lenders can often consider the length of time you've held your medical license as your "time in business." This means you won't be underwritten as a startup, helping you avoid a down payment altogether.
Applying is completely free – there's no application fee. If your funding is approved and you decide to move forward, the fees will vary based on your specific deal's structure. A typical documentation fee is between $200 and $700, depending on the loan amount, though additional fees might apply for services like titling or a site inspection depending on the type of equipment you need.
Typical rates start at 6.99% and terms range from 24-72 months. The interest rate is dependent on your credit profile, collateral type, time in business, and borrowing history, just as in other loans for other industries.
Staffing and Payroll
These loans are specifically designed to give healthcare facilities quick access to large, short-term capital to cover payroll and staffing needs. This includes everything from sign-on bonuses and performance incentives to regular staff salaries.
You have two flexible credit options:
Standard Term Loan with Factoring: This is a straightforward loan with no prepayment penalties, meaning you won't be charged extra if you pay it off early.
Revolving Line of Credit: This option is similar to a traditional line of credit. Once approved, you'll receive a credit limit and can draw funds as needed, up to that limit, whenever you require them.
We typically approve funds within just 1 business day, with interest rates as low as 1.5% per week. Loan terms generally range from 1 to 4 weeks.