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11-10-2021, 01:54 PM #1
- Join Date
- Mar 2019
- Posts
- 97
Medical Company: Term loan secured by Accounts Receivable ?
I know there are plenty of companies that will factor based off of Medical Accounts Receivable (Medicaid, Medicare, Private Insurers)
My understanding is that typical structure works roughly like this (this assumes an AFTER analysis of key performance metrics ) and the factoring companies offers an advance rate on all of your eligible A/R that you submit, and then (roughly) that you get the rest when the claim is paid, minus the factoring company fees
Has anyone every heard of a TERM LOAN being issued for medical company's with Medicaid, Medicare, and Private Insurer's ?
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11-10-2021, 03:12 PM #2
I have a client in this situation and we're looking at a personal loan. Other's may have specific company suggestions. I don't know if my SBA non bank lender would do it. Would need more information.
Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
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11-11-2021, 01:02 PM #3
Why is the client looking for a term loan as opposed to a line of credit based off of AR?
Ben Rutkevitz
Alleon Healthcare Capital
benr@alleoncapital.com
(201) 340-6346
http://www.alleonhealthcare.com/
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11-11-2021, 03:36 PM #4
- Join Date
- Mar 2019
- Posts
- 97
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