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05-17-2016, 09:55 AM #1
- Join Date
- Mar 2016
- Posts
- 335
Medical Device Company for A/R financing
Who here factors primarily medical device or healthcare receivables? I have a company that sells a few devices to offices and distributors worldwide. They have between 6-10mm in A/R at any given time. Their biggest debtors (~500k+ per month) are the two finance groups they refer to their clients. Over half of their sales in the US. They have 6.6mm in open AR now. However, it is not uncommon that their aging goes out 120 days on many of their biggest customers.
I usually do not fund invoices after 90 days and I do not excel in overseas or medical invoices. I have already invested more time than I would like into this. What direct lender can I broker this too?
P.S. this isn't an MCA deal, sorry.
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