Chiropractor needs 85k consol term loan
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  1. #1
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    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.

  2. #2
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    Chiropractor needs 85k consol term loan

    Is the A/R commercial or consumer clientele?

  3. #3
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    690k A/R. Insurance companies

  4. #4
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    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

  5. #5
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    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

  6. #6
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    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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