Healthcare Line of Credit
Healthcare | Medical
An accounts receivable line of credit allows medical doctors, healthcare providers, and companies in the healthcare industry to access the full credit amount either upfront or as needed. This facility aims to assist healthcare providers in overcoming cash flow challenges that arise from outstanding invoices.
Navigate Financial Challenges With Confidence
A receivable line of credit offers essential resources to ensure smooth operations, cover payroll and general expenses, and maintain a high standard of patient care. With flexible repayment options and rapid access to funds, healthcare providers can confidently address their financial challenges.
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)
- Advances up to 85%
- Choose which receivables to factor
SIMPLE PROCESS
Typically, we begin with a phone call to understand your specific situation and funding requirements.
For a proposal, we ask for certain documents that include:
- Our signed application
- Current AR and AP aging reports
- List of government payors and insurance companies
- Most recent profit and loss statement and balance sheet
Additional documentation will be required during underwriting.
Need Funding Now?
If you need to quickly cover payroll or any other business expenses, we provide financing based on your monthly revenues. Approval and funding can be completed within just 2 to 3 days. For more information, click here.