Medical Staffing Receivable Factoring
Providing Medical Staffing Factoring Services Nationwide
Is your business growing faster than your operating capital? Credit Lines and Cash Flow for your business are not easy to obtain nowadays. We understand that every business, even yours, needs a steady flow of cash to grow and accommodate larger customers. That's what we do. We supply
medical staffing agencies account receivable based funding.
We can evaluate your business and make an approval the same day. The approval process is simple and we can move as fast as you can.
Call us today and get initial funding in 3 to 5 working days. No financials needed, No up-front fees to set up, it is that easy.
Request a proposal with no obligation at
1 800 876 6071
Medical Staffing Rates at
1.59% for
30 days
Our clients like our flexible
program:
 -
Financing Medical Staffing firm Invoices for as little as $5,000 a month and up to 10 million.
- Credit line based on percentage of eligible accounts receivable.
- Easy to understand financing fees.
Invoices funded within 24hrs.
- Eliminate the need for bank loans or SBA loans.
- Funding can take place in 3 to 5 working days.
Start up locums companies welcomed.
- No monthly volume requirements or penalties.
Why do Staffing firms benefit by financing account receivables with us?
- The use of back-office support for collections and mailing out your invoices sometimes offset the financing fees or decrease internal overhead related cost.
- Free credit analysis and collection assistance to prevent bad debt.
- Free Reports and statements of your account status via internet.
- Article: 2-18-2005
A true story about a Staffing Company about to go out of
business.
What is needed to
finance an Medical Staffing agency?
1. You send the original invoices with proof of performance (time sheets). The service must be performed before funding.
2. The invoice is verified and then the advance is funded, typically 85% to 90% of the invoice depending on the credit worthiness of your customers. Funds will be advanced within 24hrs. following verification of the invoices. This is usually completed the same day that they are received. The balance of the advance is called the "Reserve". The reserve is held back until the customer pays the invoice in full.
3. Payment of the invoices are made directly to us from your customers. Once received, the reserve is paid to you minus the discount fee.
4. At your option, the funds are sent via wire transfer, ACH or check.
5. Credit approval for new accounts is easy. All is needed is the name and address of the customer.
6. Due diligence of liens and pending lawsuits of your company will be performed prior to funding.
Most of our clients are either:
(a) fast growing locum tenen companies whose past earnings and sales histories will not justify the increased borrowing necessary to acquire needed operating capital.
(b) start-up operations with no financing base to rely upon.
(c) companies with seasonal or uneven sales patterns.
(d) Principles with bad credit and cannot obtain traditional financing.
(e) Travel nurses that work out of a home office.
Optional Administrative Services offered see more details:
Billing & Payroll
Cash Management
Accounting Services
Service Desk
Nurse Registry (Medical) Temp Staffing Receivables Factoring:
We currently can establish factoring programs for
temporary employment staffing agencies for as little as $5,000 to 10
million a month volume. Temp-Staffing businesses generate commercial
receivables and fall under our commercial receivables program so
long as the receivables are not owed by Medicare, Medicaid or
individuals. New business start ups are welcomed. Request a proposal
for Medical Temp-Staffing Factoring
Account Receivable Financing Frequent Questions |
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