Medical Transport Factoring
Cash Flow Solution
We offer a flexible accounts receivable financing solution specifically tailored for larger medical transportation companies experiencing cash flow shortages due to unpaid invoices. These invoices can sometimes take up to 90 days to be paid by commercial customers, government payors, and insurance companies.
We recognize that even profitable companies can face cash flow challenges while waiting for payments that can take 90 days or longer from Medicaid, Medicare, insurance companies, and other commercial entities.
Our invoice factoring service can offer an effective solution, allowing funds to be available in your bank account typically within 24 to 48 hours after approval.
Summary
- Accounts Receivable Financing or Factoring
- Facilities start at $500,000 up to $15 million (below $500,000 - click)
- Based on current accounts receivable aging
- Advances up to 85%
Straightforward Process
Typically, we start with a phone call to gain insight into your business, understand your specific situation and funding needs, and address any questions you may have.
- How long has the company been operating?
- Revenues last 12 months (we will need financials last 2 years and the interim)
- Six months minimum billing and collection history
- AR aging report
- AP aging
- Underwriter may require additional information
After prequalifying the transaction based on the requested information, we will need a brief application and standard details pertaining to the specific transaction to further assess the funding request.
Need Immediate Funding?
If you need immediate funding to cover payroll and other operating expenses while you seek a more permanent factoring solution or line of credit, or if your funding needs are below $500,000, we offer loans based on your monthly revenues. These loans can be approved and funded within just 2 to 3 days. For additional information, click here.