[freeprocessing]

Hi,
I know some lenders love to see a merchant that receives insurance payments. I have a merchant that has excessive negatives. Is their anyone that will fund based off the insurance payments/ar?

[Kevin Henry-Seacoast]

Hi,
I know some lenders love to see a merchant that receives insurance payments. I have a merchant that has excessive negatives. Is their anyone that will fund based off the insurance payments/ar?

FreeProcessing- Most finance companies avoid insurance receivables as it is tough to wrap your arms around the dilution. There are a few factoring companies around that finance healthcare related receivables. I will PM you the name of one in Florida.

[Chambo]

the question is, if they are having cash flow issues and using every dime, and then some...how are they going to be able to afford an additional debit to their account?

Funds don't to be in the practice of chasing down bad payments

[freeprocessing]

FreeProcessing- Most finance companies avoid insurance receivables as it is tough to wrap your arms around the dilution. There are a few factoring companies around that finance healthcare related receivables. I will PM you the name of one in Florida.

Thank you!

[freeprocessing]

the question is, if they are having cash flow issues and using every dime, and then some...how are they going to be able to afford an additional debit to their account?

Funds don't to be in the practice of chasing down bad payments

I was once told that they like it in case the merchant goes bust they are guaranteed to get the money back from the insurance payments. I could have been mislead. Regardless, thanks for the insight!

[Kevin Henry-Seacoast]

the question is, if they are having cash flow issues and using every dime, and then some...how are they going to be able to afford an additional debit to their account?

Funds don't to be in the practice of chasing down bad payments

Chambo-I agree, but sometimes these companies are not getting enough liquidity and the payers are very slow. If you are billing $1Mil a month and your dilution is 30%, you would expect to collect $700K on the AR when you get it and it could very well take 60 days. That being said, small term note or advances won't work. They need to find a tradition revolving line or factor. Healthcare AR is tough to finance and slow to pay. Hence why we avoid it like the plague....pun intended!

[Chambo]

Does Rapid still do the medical receivables deals?

[ESE5020]

when it goes negative does he have overdraft or is it a straight NSF? if he has over draft i can offer something

[freeprocessing]

when it goes negative does he have overdraft or is it a straight NSF? if he has over draft i can offer something

What is your direct number?

[ESE5020]

What is your direct number?

516-231-5594

[mcaguru]

Hi,
I know some lenders love to see a merchant that receives insurance payments. I have a merchant that has excessive negatives. Is their anyone that will fund based off the insurance payments/ar?

My Iso's claim Mantis is the King when it comes to Excessive Neg days....

[pcfunder]

My Iso's claim mantis is the King when it comes to Excessive Neg days....

Nice! My mother claims that I am the most handsome person on planet earth

[freeprocessing]

My Iso's claim Mantis is the King when it comes to Excessive Neg days....

I will send you deals one you respond to the peak thread.

[mcaguru]

Nice! My mother claims that I am the most handsome person on planet earth

Correct but are you winning awards? we are making tens of millions a month of offers on that sector! and funding tons of it! ...

[freeprocessing]

Correct but are you winning awards? we are making tens of millions a month of offers on that sector! and funding tons of it! ...

Go away.

[RickyR3712]

Correct but are you winning awards? we are making tens of millions a month of offers on that sector! and funding tons of it! ...

I wonder why Bloomberg is so focused on Yellowstone and not the largest funder funding tens of millions a month that also does coj?

[freeprocessing]

I wonder why Bloomberg is so focused on Yellowstone and not the largest funder funding tens of millions a month that also does coj?

lol

[NoBigDeal]

My Iso's claim Mantis is the King when it comes to Excessive Neg days....

My ISO's claim Mantis is the King when it comes to Excessive Negative PR

[RickyR3712]

My Iso's claim Mantis is the King when it comes to Excessive Neg days....

My merchants claim that Mantis is the king to emailing them behind their iso back

[mcaguru]

I wonder why Bloomberg is so focused on Yellowstone and not the largest funder funding tens of millions a month that also does coj?

R you with that firm ?

[RickyR3712]

R you with that firm ?

R you an idiot?

[WestCoastFunding]

I was once told that they like it in case the merchant goes bust they are guaranteed to get the money back from the insurance payments. I could have been mislead. Regardless, thanks for the insight!

Nah only churches. If they go bust you get to seize the church and the parishioners who pay a 10% holdback weekly for life.

[mcaguru]

R you an idiot?

I think one can make that case.

[Chambo]

My Iso's claim Mantis is the King when it comes to Excessive Neg days....

and I am sure your wife tells you that you are great in bed too

[mcaguru]

and I am sure your wife tells you that you are great in bed too

How can you be "so" sure ?