Seniors Housing Financial Services
Seniors Housing
Does your senior housing facility occasionally face negative cash flow due to unpaid claims and invoices?
Delays in payments from Medicaid, Medicare, insurance companies, commercial customers, and other third parties can indeed create cash flow challenges for your facility. However, exploring options to fund your Medicaid, Medicare, and insurance claims, as well as factoring your commercial receivables, could provide a solution to these cash flow issues moving forward.
Implementing these strategies can help stabilize the financial situation of a senior housing facility, allowing it to focus on providing quality care to its residents. By proactively addressing potential cash flow issues, you can minimize disruptions and ensure a more consistent cash flow for your facility.
What We Offer
We provide funding options that can swiftly convert cash flow deficits into surpluses, allowing assisted living facilities to advance without worrying about cash flow issues.
- 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
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.
The list of documents required to prepare a receivables funding proposal includes:
- Our application is signed by the owner(s)
- Current Accounts Receivable and Payables reports
- List of insurance companies, government payors
- Most recent profit and loss statement and balance sheet
After prequalifying the transaction based on the provided information, we will need a brief application and standard details for the specific transaction to underwrite the funding request.
In Addition to Senior Housing, We Work With:
- Congregate Care
- Assisted Living Facilities
- Nursing Homes
- Other Healthcare Providers
Need Funding Now?
If you need funding now for payroll and other operating expenses, a revenue-based loan may be the ideal solution, offering funding in as few as 2–3 business days.
This option allows you to address immediate financial needs while you consider more permanent solutions, such as factoring or a line of credit. These alternatives usually require extensive paperwork and can take weeks to finalize.
In contrast, a revenue-based loan can be processed quickly and can be repaid once more permanent financing is obtained. For more details, click here.