[wize111]

Does anybody know about a balance sheet offering A/R based line of credits accepting Medical / Healthcare receivables able to offer 7 figure size lines?

[Chambo]

HCI does, I believe.....

[WestCoastFunding]

Does anybody know about a balance sheet offering A/R based line of credits accepting Medical / Healthcare receivables able to offer 7 figure size lines?

Crestmark

[ChuckM]

Sent you a PM

[Mynameisbob]

Crestmark

IS crestmark mantis?

[Mynameisbob]

is crestmark mantis?

[J.Celifarco]

cresthill is mantis I dont know who crestmark is

[Mynameisbob]

Crestmark says they are FDIC insured.... Pretty sure Mantis is not. BUt just wanted to double-check

[WestCoastFunding]

IS crestmark mantis?

No.

Mantis is a MCA funder, with a sister company that syndicates (Cresthill)

Crestmark Bank is just that: a bank that does a lot of asset based financing like AR financing, factoring, etc.

[Mynameisbob]

Better than Seacoast?

[WestCoastFunding]

Better than Seacoast?

Actually, no. But not sure if Seacoast does this. If you can get the deal done with Seacoast, cool. But keep in mind there are dozens and dozens of asset based lenders to choose from.

[RichardGerard]

Does anybody know about a balance sheet offering A/R based line of credits accepting Medical / Healthcare receivables able to offer 7 figure size lines?

Wize111,

We work closely with several lenders that leverage HIPAA receivables. My friend Kevin at Seacoast does NOT work with this AR because of payer payment discrepancies by Insurance Companies..

Feel free to reach out to discuss..

Richard 516 510 3855

Business Capital Consultants

www.businesscapitalconsultants.com

[RichardGerard]

No.

Mantis is a MCA funder, with a sister company that syndicates (Cresthill)

Crestmark Bank is just that: a bank that does a lot of asset based financing like AR financing, factoring, etc.

Crestmark does NOT do HIPAA receivables either

[Eddie.deangelis]

Wize is this deal in Texas?

[Kevin Henry-Seacoast]

Crestmark says they are FDIC insured.... Pretty sure Mantis is not. BUt just wanted to double-check

They are FDIC insured, but have little to no traditional branch banking locations.

[Kevin Henry-Seacoast]

Better than Seacoast?

Comparable. We are typically a touch more cost effective. They will do smaller deals-sub 100K/month in billings. We will do much larger deals-Above $7Mil in facility size. We can fund anywhere from $250K in facility size to well above $15Mil.

[@jeannette]

If anyone does have a good Medical/Insurance AR Firm, please let me know. I have had several deals come across my desk and I always want to be able to send the client to a good company and I have no one to send clients or brokers to in that space.