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06-10-2019, 01:58 PM #1
Reputation points: 94
- Join Date
- Mar 2015
- Posts
- 24
Need 400k for medical coding and billing, hes paying 3 positions off himself
Merchant has a marketing and advertising opportunity will bring him to over 1-1.5 million a month, currently doing 500k a month, 150k average dailys. i need a high risk company that throws high money, with minimum stips and no crazy fees
i funded 60k, 30k, and 33k a month and a half ago willing to pay them himself to get a big deal, he took that and quadrupled his monthly volume, wants to jump on this opportunity again, thriving business that will have the same increase (x4 his current monthly volume) good deal. only needs the money for 70 days
whos out there?
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06-10-2019, 02:02 PM #2
Reputation points: 340530
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,493
Hi Nick,
Medical coding is a business we know well as it really is a staffing play. Depending on who the payers are, we might be able to provide a factoring facility. If they are doing $500K/month they likely have $750-800K in AR outstanding. That being said, you could likely get them a larger and more cost effective facility while earning good commissions for the life of the client.
Happy to take a look.
KHKevin 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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06-10-2019, 02:54 PM #3
Reputation points: 503040
- Join Date
- Oct 2016
- Posts
- 4,318
I don’t see how. If the best offer you received for them was $60K a month ago, even if them greatly increased revenue last month can’t see how you get to $400K. Being that he was triple funded 6 weeks ago makes it that much harder, even if it’s paid off. .
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06-18-2019, 11:20 AM #4
Reputation points: 10
- Join Date
- Jun 2018
- Posts
- 55
Hello!
WBL isn't going to fal into the "minimum stips" catagory, but we always offer at least double what anyonne else is offering. If you didn't find a home for this deal yet, I would be happy to take a look. Give me a call!David Fite
Director of ISO Relations
Windgate Capital
40 Wall Street, 29th Floor, New York, NY 10005
Direct: (516) 400-2087 ǀ Fax: (347) 708-8699 | Cell: (929)-361-4156
David@WindgateCapital.com ǀ https://www.WindgateCapital.com/
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