Results 1 to 6 of 6
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07-15-2016, 06:20 PM #1
- Join Date
- Jan 2015
- Location
- Laguna Beach
- Posts
- 464
Chiropractor needs 85k consol term loan
Average credit. 50k gross rev per month. Have two loans totaling about 85k. Need a term loan of 3+ years to consolidate. Fundation and Dealstruck are out due to cashflow being too tight. 695K in AR. Direct lenders only please.
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07-15-2016, 07:25 PM #2
- Join Date
- Jan 2016
- Posts
- 435
Chiropractor needs 85k consol term loan
Is the A/R commercial or consumer clientele?
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07-15-2016, 07:40 PM #3
- Join Date
- Jan 2015
- Location
- Laguna Beach
- Posts
- 464
690k A/R. Insurance companies
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07-15-2016, 08:00 PM #4
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Chiropractor needs 85k consol term loan
700k in A/R is about 14 months of receivables. There's something wrong with his collections. Based on that I would imagine he has about 400k of net collectable receivables. More than enough to pay the advances. You need to talk to one of many medical insurance factors. If you contact me I would be glad to introduce you to a few.
Bob
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07-16-2016, 01:37 PM #5
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
You're right Bob... Likely private individuals owing most of the 695k.. Medicare, Medicaid, and Insurance Companies don't pay that poorly.. Marketable HIPAA receivables are typically to 90 days.. Several options to fix the situation though
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07-16-2016, 02:17 PM #6
- Join Date
- Apr 2015
- Posts
- 20
I can get it done i'm the VP of sales at Black Onyx Of America look us up drop me line 843-796-4039 or cell 973-980-8000 I work 7 day week you can call any time
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