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  1. #1

    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 ?

  2. #2
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    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

    1012 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
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    @ 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.

  3. #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/

  4. #4
    Quote Originally Posted by Alleon Healthcare View Post
    Why is the client looking for a term loan as opposed to a line of credit based off of AR?
    Because of the structure of a Term Loan vs the structure of an A/R loan

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