SIMPLE PROCESS

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

BASIC QUALIFICATIONS

• Minimum Monthly Revenue: $25,000 insurance payments revenue
• Time in Business: 6 months minimum (with 4-6 months of accounts receivables)
• Credit/Fico Score: Some programs with credit score in the 600s
• Liens/Judgments/UCC: No open business liens or judgments/No opened or unexplained UCCs
• Bankruptcy: No bankruptcy or foreclosure in the last year

PRE-QUALIFICATIONS

To get started with the application process the following documents are required. Same day approvals.

• Application:  Signed and dated application, must be completed, signed and dated within 30 days of applying for financing. Applications submitted without phone numbers or emails will not be accepted.
• Business Bank Accounts: 4-6 months most recent statements. Including all deposit and transfer accounts required.
• Accounts Receivable Report: Complete aging report by insurance carrier/payor
• For larger transactions (over $500,000): Most recent profit and loss statement and balance sheet, and other information, if any, required by underwriter

ADDITIONAL UNDERWRITING DOCUMENTS

Required documentation for underwriting:

• Business License
• Medical License
• Proof of Malpractice/Liability Insurance
• Articles of Incorporation
• IRS Letter Assigning EIN
• Bank Verification
• List of Insurance Carriers/Payors
• Voided Check to Operating Account
• Proof of Ownership
• Copy of Valid Drivers License
• Other documentation, if any, required by underwriting

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
• Programs with FICO as low as 600+
• Simple - uncomplicated qualifying process
• Flexible terms. Financing can be structured to fit the business funding requirements
• Lockbox Account

Our Healthcare Factoring solutions are available to companies in many sectors of the healthcare / medical industry including: 

• Home Healthcare Agencies
• Medical Practices
• Physicians
• Physician Groups
• Mental Health
• Specialty Pharmacies
• Senior Living Facilities
• Hospitals
• DME/HME
• Medical Transport
• Imaging Centers
• Urgent Care Centers
• And others

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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