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Growing Your Biz With Medical Factoring
When people call me about medical factoring, I find that three-fourths of them either know very little about factoring or have faulty information. The reality is that medical receivable factoring has helped many businesses grow to the next level. Medical receivables factoring can certainly be used successfully by a business going through a rough patch, but is really best suited to those companies trying to reach the next level of revenues.
Past successful clients of ours have included home health services, DME's (durable medical equipment manufacturers and distributors), and similar businesses that got a large customer and suddenly realized that they didn't have the cash flow to meet short-term payroll and inventory needs. This is where medical factoring shines, as these clients received cash immediately after sending out invoices instead of waiting 30-60 days.
Similarly, hospitals, clinics, and other medical practices may feel limited in their growth potential because of cash flow issues. Again, ...
... medical receivables factoring may be the perfect fit to solve their problems.
Medical factoring is not a loan and factoring companies are not concerned with the client's credit. As long as the client's paying customers are strong, factoring is generally viable. To learn more, check out the medical factoring section of our website or just give us a call.
Alan Noblitt is the owner of Seascape Capital Inc., which buys real estate notes from individuals and provides invoice factoring and medical receivables factoring to businesses. Seascape Capital is an accredited member of the Better Business Bureau, with the highest score possible of A+. Mr. Noblitt may be reached at (858) 672-4678 or toll-free at 1-800-634-4697. If you would like to learn more about these areas, visit www.seascapecapital.com.
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