1MM to 20MM credit line for PPO/HMO/Medicare/Commercial insurance/Private insurance (which is against Account Receivables and not WC).
Very cheap compared to factoring which is 6% annual percent rate
(85 percent against Net Collectibles)
which is against five months before date of Account Receivables Even for the Account Receivables which are unbilled.
Make an effort to achieve personal guarantee which is not compulsory
85 percent to 90 percent advance rates
The Medical receivable based Account Receivables revolving the line of credit must be perfect to increase the cash flow and increase revenues. This asset based credit line permits the customers to borrow about 85 percent to 90 percent of the A/R which is not more than 90 days old. It is not a factoring line and so you are not selling the receivables to another party. In addition, you are maintaining collection and billing calls in a place. This asset based line of credit is much cheaper than factoring. Yearly interest starts from 6 percent versus factoring that is mostly 20 percent + yearly interest rates.
The medical funding section get 40 percent of 25 percent commission of any type of Lite Funding Deal
Physician’s Funding Portal is proud to offer the very best non-bank lending program in the United States. We call it BankLite™. Loans are 3 or 4 or 5 years just like a bank.
Companies can be accepted for lines of credit, term loans, or potentially both. Loans and lines can be subordinated to current bank debt or SBA loans. There isn’t a better loan product anywhere and we look forward to getting you approved and funded in as little as 2 weeks.
|Physician’s Funding Portal Advantage||ACH Loan||Physician’s Funding Portal BankLite™|
|Amount||$150,000 Daily Debt||$150,000 BankLite™|
We are doing fast cash loan for businesses by which each and every customer can get business loan even though a factor, bank, or asset based lender who got senior secured UCC-1 blanket filing on corporate assets. With this loan, the customer can get additional working capital with which they can grow their business to high level. Other advantage of this loan is that the customer can renew the loan after paying 50 percent of the total amount. This can be done again and again like a line of credit and by this the customer can get nonstop working capital for many years.
Physician’s Funding Portal can help customers with fast cash business loans for any type of credit profile and industry. Feel free to contact us for a free quote!