[Fundyman]

Anyone know a really great company for medical receivables factoring (both for within & above 90 days)?

I'm talking a company that really takes care of the broker & treats the client with great customer service...

Company should be able to set up monthly factoring on all future receivables either on the 1st or 15th of each month, etc...
I may be saying it wrong, but you get the gist.

Please PM me a great contact, or state the name.

Thanks.

[TedFundy]

Factors do not fund on future receivables; however, I will take a look at this. My bread and butter is accounts receivable financing and I am direct lender. Email me at partner@allamericantrust.com

Also, it is unlikely any factor will fund an invoice that has aged 60 days or more.

[VFG]

Id be happy to put you in touch with a good factor in the medical field. Just know that your client will have to provide payment history of the last 6-8 months before the deal can fund so the factor can calculate their net receivable.

Feel free to reach out.

[VFG]

You may want to ask your client the reason as to why receivables are so aged. If they are billing to third party insurance companies, then they should rotate between 30-60 days. If receivables are from individuals, then no factor would touch them. And if the receivables are aged because they need to better their collections practices, then i suggest they start collecting and improving their aging report prior to bringing a factor to the table, otherwise it would be hard to structure a factoring facility.

[bdshaw]

TedFundy, are you a member of the IFA?
What type of deals have you funded yourself, your rates and advance rate?
Thanks, Bob
b

[TedFundy]

TedFundy, are you a member of the IFA?
What type of deals have you funded yourself, your rates and advance rate?
Thanks, Bob
b

Construction and Aerospace is my niche, 2-3% for 30, and 75-85% advance. But exceptions can be made. Just advanced a client 96% on a Boeing deal. Not a member of the IFA. Did not see point.

[bdshaw]

I see a lot of financial products on your site. Are you a direct financial source for all of them?

[Alleon Healthcare]

We are direct lenders in the medical accounts receivable space. We go up to 120 days. I would be happy to speak with you about any medical financing needs.

[Mendelm]

I know someone who does it he does it at 1.5% fixed but min of 20k please email me at mendelm@ikahncapital.com

[Againstmediocrity]

We do medical receivable (factoring).

Please feel free to contact us:
Linda@capitalseven.net
www.capitalseven.net

[Jstarr]

Try Blue Vine

[bdshaw]

Ted, How about a call later this week?
Bob Shaw
734-929-3800
rshaw@advancecredit.com