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04-27-2016, 09:47 AM #1
We are direct medical accounts receivable lenders and provide LOC's. As the other comments state a 30-60 day term would not make sense for us or the client. The line of credit will use the AR as collateral and a lockbox will need to be set up. To set up the line only to dismantle it within 30-60 days would be too onerous. We typically have a 12 month contract on our lines of credit but would consider a six month term for this client.
Ben Rutkevitz
Alleon Healthcare Capital
benr@alleoncapital.com
(201) 340-6346
http://www.alleonhealthcare.com/
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