healthcare factoring faq's
DESCRIPTION
All kinds of cash flow problems can arise in your healthcare company, but medical factoring has a solution to all of them. Whether it’s rapid growth, rejection for loans, new goals, or a cash shortage, PRN Funding will work to get you funded today. Just contact us today at 216-504-1000 or visit www.prnfunding.com today to get started.TRANSCRIPT
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FAQS Plenty of healthcare companies use
accounts receivable factoring services. In order to help your company learn more about healthcare factoring, we’ve compiled a list of frequently asked questions about healthcare factoring.
“WHY SHOULD I FACTOR RECEIVABLES INSTEAD OF USING A LOAN OR SOME OTHER METHOD”?
Strict approval requirements and restrictions accompany bank loans. That being said, many companies don’t qualify. Even if you are approved, you’ll still have to pay that loan back and likely at high interest rates.
Unlike banks, factoring companies won’t deny you due to your past or current financial situation. Bad credit is okay. By focusing on your customer’s creditworthiness, we can bypass the roadblocks to getting you funded. Factoring rates are affordable and there are absolutely no hidden fees.
WHY SHOULD I FACTOR RECEIVABLES INSTEAD OF USING A LOAN OR SOME OTHER METHOD”?
“WHICH BUSINESSES QUALIFY FOR HEALTHCARE FACTORING?”
Healthcare factoring is tailored to service-based companies in the medical field, such as Medical Equipment Providers, Medical Transcription Services, Medical Staffing Companies, Medical Billing Services and more.
“DOES HEALTHCARE FACTORING PUT RESTRICTIONS ON HOW MUCH
MONEY I GET OR HOW I USE MY FUNDS?”
As long as you have invoices, PRN Funding can provide the cash. Funding from healthcare factoring actually grows with your business. It’s your cash to use however you see fit. There are no limitations on how you use the cash you receive from factoring. Whether you need new equipment, new employees or have expenses to pay off, you can do it without any hassles.
“HOW LONG AM I REQUIRED TO FACTOR RECEIVABLES”
That’s one of the advantages of accounts receivable factoring: there aren’t any long term commitments. Healthcare factoring is flexible and allows you to factor a single invoice or multiple ones. No contracts or forced commitments mean it’s your choice!
“SO HOW DO I BEGIN HEALTHCARE FACTORING?”
To begin the healthcare factoring process, just contact PRN Funding at 216-504-1000. Additional factoring questions?
Visit http://www.prnfunding.com/