Medical Financing For 500 Credit Score

Quick Funding Solutions For Medical Professionals

500 credit score | ACH cash advance


Healthcare ACH cash advance from $100,000 to over $1 million

Medical financing for 500 credit score with funding solutions that include ACH business loans, line of credit facilities, factoring and other options. These are helpful financial tools for medical practices and healthcare providers in general who are billing Medicare/Medicaid, private insurance and other commercial customers and are experiencing cash flow problems due to unpaid invoices and payment delays.

We work exclusively with medical and healthcare providers, we understand the challenges that you are faced with. We offer a Healthcare Business Advance that can help keep your healthcare facility running, from expansion opportunities to covering reimbursements and payroll. We are here to help.

These are customized financial products for medical practices and healthcare businesses. The products are designed to provide you with working capital that your business needs to grow. We offer two funding programs. Healthcare Insurance Advance and a Healthcare Business Advance. Our products are offered to all medical and healthcare businesses operating in the United States.

Healthcare Insurance Advance
Healthcare Insurance Advance is a unique customized financing solution product offered in our funding program for medical practices and healthcare businesses that accept healthcare insurance. We are able to provide you with up to 150% of the monthly gross of approved insurance receivables. We are able to do this by placing an escrow/lockbox on the Government (Medicare/Medicaid) and/or Private Health Insurance. Repayment occurs through collection of a predetermined weekly payment amount on the insurance receivables.

Healthcare Business Advance
Healthcare Business Advance is our premium financing solution product that provides you with the working capital you need for your medical practice or healthcare business. We are able to provide you with up to 150% of the monthly gross income of your business, not just your approved insurance receivables, we also include all of your payments. Repayment occurs through collection of a predetermined weekly or daily payment amount via ACH draft or credit card split. 

BASIC CRITERIA
Advance Amount:
$100,000 – $1,000,000
Rates as low as 1.18
FICO 530+
4-18 Month Term
$15,000 Min Monthly Gross
Up to 4 NSF/Negative Days per Month
TIB 1 Year
Weekly/Daily Payments

FUNDING IS AVAILABLE TO:

Acute Care Facilities
Auditory Centers
Cancer Radiology Centers
Cancer Treatment Facilities
Chiropractors
Clinics
Diagnostic Imaging Centers
Dentists
Doctors
Drug Stores
Orthodontists
Physical Rehabilitation Centers
Veterinarians
Urgent Care Facilities
And others

SIMPLE PROCESS

Typically we begin with a phone call to understand your specific situation and funding requirements and to answer any questions you may have.

For a proposal, we ask for certain documents that include:

  • Our application signed by the owner(s)
  • Current Accounts Receivable and Payables reports
  • List of insurance company, government payors
  • Most recent profit and loss statement and balance sheet

ADVANTAGES

  • Clients will be dealing with a direct source of private and institutional funds
  • Competitive rates
  • Advances on receivables as high as 80% on eligible ARs
  • Simple - uncomplicated qualifying process
  • Flexible terms. Financing can be structured to fit the business funding requirements
  • Lockbox Account

ACCOMMODATING

  • We can even consider clients with certain financial challenges or reorganizing in bankruptcy
  • Services and solutions can easily be tailored to your specific needs
  • Funding is designed to be flexible and grow with the business
  • We can help bridge the financial gaps in operating business plans

We are part of a network of strategic partners specializing in funding solutions for medical professionals with financial services that are tailored specifically for the healthcare industry.

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