Assisted Living Financial Services
Assisted Living
Is your assisted living facility facing cash flow issues due to unpaid invoices or claims? Factoring or accounts receivable financing might be the answer. Unlike traditional banks and lenders, we provide specialized and flexible funding options that leverage your accounts receivable. This can include Medicaid and Medicare claims, private insurance, PPOs, HMOs, and commercial receivables.
By converting these outstanding invoices into immediate cash, your facility can maintain operations, pay staff, and invest in necessary resources without the burden of waiting for payments. Our tailored solutions ensure you can focus on providing quality care while we handle the financial aspects efficiently.
What We Offer
Funding options that can quickly transform cash flow deficits into surpluses, enabling assisted living facilities to move forward without concerns about cash flow.
- Medical Receivables Financing or Factoring
- Facilities from $500,000 up to $15 million (below $500,000 - click)
- Based on current accounts receivable
- Up to 85% advance rate
Getting Started
Typically, we begin with a phone call to understand your specific situation and funding requirements and to answer any questions you may have.
- How long has the facility been operating?
- What were your revenues last 12 months (we will need financials last 2 years and interim)?
- Billing and Collection History
- How much do you have in accounts receivable (AR aging report)
- AP aging
- Other relevant information, if any
After we have prequalified the transaction based on the above information, we will require a short application and standard information for the specific transaction to underwrite the funding request.
Need Funding Now?
If you need funding quickly for payroll, operational expenses, or other business purposes, a revenue-based loan may be the ideal solution, providing funding in as little as 2-3 business days.
This option enables you to meet immediate needs while exploring more permanent financial solutions, such as factoring or a line of credit. These alternatives typically involve extensive paperwork and can take weeks to secure.
In contrast, a revenue-based loan can close quickly and be paid off once the permanent financing is in place. For more details, click here.