Healthcare Factoring vs. Medical Factoring – What’s the Difference?
It’s clear that the medical and healthcare industry is a rapidly growing space. In order for practitioners to thrive, access to working capital is a must. According to an article by Emily Berry of American Medical News: “Borrowing is increasingly common for medical practices. Loans to medical practices backed by the Federal Small Business Administration Read More ›
Construction Factoring – An Alternative Approach
Many construction factoring companies in existence today seem to take a fairly straightforward approach to their trade. It’s rather uncommon to see programs such as non-recourse factoring or spot factoring being made available to sub-contractors or general contractors. However, the truth is that many of these businesses may benefit from the alternative methods that are Read More ›
Transportation Factoring – Deal of the Month
For the month of January, we’re highlighting a new client who was searching for the perfect Transportation Factoring solution. This client operates a fleet of 14 trucks, hauling refrigerated freight, and averages approximately $175,000 in monthly revenue. This particular carrier was searching for a factoring company to provide a competitive fuel card program along with Read More ›
Factoring Companies – What Other Services do they Provide?
Believe it or not, we hear the question “what else can a factoring company do for my business?” quite often. While this may seem like a strange question, the fact of the matter is that the competitive landscape within the invoice factoring industry has forced lenders to become more diverse with their product offerings. There Read More ›
Three Reasons to Use Medical Receivables Factoring
What do you do when the insurance company or Medicare does not pay your claim for several weeks and you have employees to pay and other overhead expenses to cover? The costs associated with operating any sort of medical practice are often quite high. Combine these expenses with all the outstanding claims that remain unpaid Read More ›