[therealrobbiep]

My client has seen an absolutely dramatic increase in revenue over the last month.

They sell at home covid tests to Medicare patients and it's 100% covered by the insurance, so the cost to the end consumer is $0.

My client was expecting to sell 200-300 of them per day, but instead are selling over 2000 per day. The lab is the one who pays my client once Medicare pays the lab. AR turnaround time is 30-45 days. AR is increasing at a rate of around $70k per day.

This dramatic increase over the last month of them doing this has lead to a serious cash crunch as they are waiting for their first round of invoices to get paid by the lab.

They are looking for $200k minimum but would love up to $400k. They can pay it back in a few weeks as they will be fine once invoice payments start rolling in.

They ideally need the funds by mid next week at the latest. Any lenders here that want to tackle this one? Please shoot me a text if you think you can help.

813-385-1158

Thanks!

[Olderguy]

Get Medical A/R factoring...if I understand it? I have a guy but out of office.

[therealrobbiep]

Already went down the Factoring route. The lab that pays their invoices isn't credit worthy enough for that. Been turned down by a few lenders for that already.

[Overnight Capital]

Hey. You can submit your deals directly to: eric@overnight-capital.com