Results 1 to 14 of 14
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07-10-2018, 11:31 AM #1
- Join Date
- Nov 2014
- Posts
- 97
*NEED A FAST 2nd Lien* Medical Industry Co.
Just like title says , the catch is last month due to their billing company they had plenty of neg balance days . They have been positive all month so far and have a good payment history with lenders . Paid multiple advances in the past
Anyone out there that can do this on the C / D paper niche? , We can get this signed today . Lets Go!!
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07-10-2018, 11:34 AM #2
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- Feb 2017
- Posts
- 3,455
Try Cooper
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07-10-2018, 12:27 PM #3
- Join Date
- Nov 2014
- Posts
- 97
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07-10-2018, 12:31 PM #4
- Join Date
- Feb 2017
- Posts
- 3,455
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07-10-2018, 12:43 PM #5
- Join Date
- Oct 2016
- Posts
- 4,318
How many negs last month?
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07-10-2018, 12:54 PM #6
- Join Date
- Nov 2014
- Posts
- 97
9 neg days , they don't factor.
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07-10-2018, 02:04 PM #7
- Join Date
- Dec 2013
- Posts
- 4,713
What did Mantis offer ?
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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07-10-2018, 02:18 PM #8
- Join Date
- Nov 2014
- Posts
- 97
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07-11-2018, 12:38 PM #9
- Join Date
- Nov 2014
- Posts
- 97
This Deal was Funded , Thanks for the help guys!
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07-11-2018, 12:43 PM #10
- Join Date
- Oct 2014
- Posts
- 60
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07-11-2018, 01:11 PM #11
- Join Date
- Jan 2014
- Posts
- 1,378
you should factor them instead of MCA's, they will love you for it and you'll get nice monthly residual, it will clean up their statements (no more negative days because they are waiting on their money) pay off those mca's and you can come back in with very nice 1st position offer in 2-3 months.
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07-11-2018, 09:01 PM #12
- Join Date
- Jun 2018
- Posts
- 36
*NEED A FAST 2nd Lien* Medical Industry Co.
Sachip is right and there are factors that will do a second lien on Medical Receivables
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07-16-2018, 06:50 AM #13
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Because Insurance Companies pay Provider groups so erratically, and also because some providers are hesitant to leverage HIPAA AR- getting a group to be in second place on AR will be challenging to say the least. Depends on the UCC filing: how can client sell a receivable it doesn't own? Kind of like selling your house and taking the money without paying off the mortgage.
If however the first lien does NOT include AR, and/or if the verbiage on the lien can be adjusted to parse out the AR- bring in a reputable group.
RG
rg@businesscapitalconsultants.com
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07-26-2018, 09:08 PM #14
- Join Date
- Jan 2014
- Posts
- 1,378
it is tough when it comes to factoring anything medical. Only company I know that specializes in it is Laguna Commercial Capital. Everyone else I have ever spoken too once they hear insurance its a wrap. If this merchant is still looking for money and wants to clean up their statements I would reach out to them.
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