specialized in unsecured loans and invoice factoring (construction factoring, medical factoring, etc... ) Medical factoring can benefit anesthesiologists, optometrists, podiatrists, acute care hospitals, rehab clinics, substance abuse clinics, dialysis facilities, psychologist, drug counselors, nursing homes, adult home care, day surgery center, radiology therapy clinic, medical transport companies, medical equipment suppliers, hospitals, walk-in centers, diagnostic center, MRI centers, medical centers, pharmaceutical companies, internist, chiropractors, dentist, surgeons, acupuncturist, medical staffing, physical therapy, nurse staffing, etc….

1. Factoring
Factoring is the purchase of accounts receivables at a discount
Advantages
 Not a loan
 Do not have interest
 Faster to fund than traditional loans
 All business will be qualified, including new businesses
 No collateral required
 Strengthens your balance sheet
 It is not a debt
Conventional Factoring (other than construction or medical receivables)
 Any U.S. entity selling to other businesses or government agencies
 Selling terms of 90 days or less
 Advance rate is generally 80% of invoice
 Funds advanced to client within 24 hours of receiving invoice
Construction Factoring
 Applies to subcontractors billing to general contractor
 Progress billing is permissible
 Contracts cannot prohibit against assigning to 3rd party.
 Advance rate is generally 70%
Medical Receivables Factoring
 Healthcare providers including physicians, chiropractors, dentists, home healthcare agencies,
etc.
 Receivables are from insurance companies, Medicare or Medicaid
 Advance rates run between 70% - 85%
 Medical supplies / instrument companies selling to hospitals or other providers are likely to be
classified as conventional factoring
Web: www.BusinessAndFunding.com Twitter: www.twitter.com/BizAndFunding
Email: Info@BusinessAndFunding.com Youtube: www.youtube.com/user/bljunk
Work: 626-606-1129 Blog: businesslineofcreditlosangeles.wordpress.com
Fax: 888-370-2926 Appt: businessandfunding.acuityscheduling.com/schedule.php