Medical Receivables Financing

Medical Receivables Financing:

This facility finances Major Insurance Companies, State, and/or Municipal Government receivables. We fund from $50,000 to $5,000,000.

1. Industries: All medical related industries for profit and not-for-profit
2. Credit Line Size: $50,000 to $5,000,000 (Larger credit limits to be evaluated on a 1-on-1 basis)
3. Receivables: Major Insurance companies, State, and Municipal Government.
4. Requirements: Company to have over 2 years in business, minimum sales of $1,000,000; accrual basis financial statements, no personal guarantees required in 95% of the cases, FICO scores of guarantors not considered for the credit decision, two years projected financial statements will be required for final approval and due diligence. Company to have positive equity and be profitable; however if there are losses or other issues a written explanation is required.
5. Funding Region: Nationwide