Factoring Seniors Housing Facilities

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From $100,000 to $3,000,000 (below $100,000 - click)

Seniors Housing Factoring. Is your business experiencing negative cash flow from time to time? Cash flow problems is sometimes an issue for seniors housing facilities due to unpaid invoices.

Waiting for payments from insurance companies, Medicaid and Medicare and other third parties can certainly cause cash flow to stall, affecting the operation of the business in a significant way.

However, factoring your unpaid invoices can solve cash flow problems quickly, helping the business to move forward with confidence. Our invoice factoring product offer funding flexibility to seniors housing operations with a process that is simple and straightforward.

Funding is available on medical billings to Medicaid and Medicare, Blue Cross and Blue Shield, PPOs and HMOs, Workers Compensation Carriers, insurance companies and commercial customers.

IN ADDITION TO SENIORS HOUSING, WE CAN ALSO FACTOR:

• Congregate Care
• Assisted Living Facilities
• Nursing Homes
• Other Healthcare Providers

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 contract 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 facilities 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

SUBMISSION PACKAGE

• Signed Application
• Accounts Receivables Report
• 6 Months Bank Statements

UNDERWRITING DOCUMENTS

• 2 Years of Business Financials
• Profit & Loss and Balance Sheet
• 2 Years of Business Tax Returns
• Copy of Most Recent 941 Filing
• Full Aged AR Reports with Detailed Payer Information by Insurance Provider
• Accounts Payable Aging Summary
• Owner(s) Personal Financial Statement
• Proof of Ownership

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

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