Need 400k for medical coding and billing, hes paying 3 positions off himself
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  1. #1

    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?

  2. #2
    Senior Member Reputation points: 340530
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    Quote Originally Posted by Nick Stone View Post
    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?
    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.

    KH
    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

  3. #3
    Senior Member Reputation points: 503040
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    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. .

  4. #4
    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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