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04-04-2019, 12:06 PM #1
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Excessive negatives-Receives Insurance payments
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?
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04-04-2019, 12:09 PM #2
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Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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04-04-2019, 12:09 PM #3
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
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04-04-2019, 12:10 PM #4
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04-04-2019, 12:11 PM #5
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04-04-2019, 12:14 PM #6
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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!
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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04-04-2019, 12:15 PM #7
Does Rapid still do the medical receivables deals?
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04-04-2019, 12:29 PM #8
when it goes negative does he have overdraft or is it a straight NSF? if he has over draft i can offer something
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04-04-2019, 01:33 PM #9
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04-04-2019, 01:33 PM #10
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04-04-2019, 01:54 PM #11
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Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
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Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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04-04-2019, 01:55 PM #12
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04-04-2019, 02:09 PM #13
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04-04-2019, 02:16 PM #14
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Marcus Clapman | Business Development | Cresthill Capital
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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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04-04-2019, 02:18 PM #15
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04-04-2019, 02:24 PM #16
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04-04-2019, 02:27 PM #17
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04-04-2019, 02:29 PM #18
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04-04-2019, 02:32 PM #19
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04-04-2019, 02:57 PM #20
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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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04-04-2019, 03:11 PM #21
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04-04-2019, 03:12 PM #22
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04-04-2019, 04:01 PM #23
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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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04-04-2019, 05:05 PM #24
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04-04-2019, 05:27 PM #25
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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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