Alternative Financing To Factoring For Physicians

Cash advances to help physician's with operating capital.

Physicians find that the financial emergencies associated with running a small physician practice often call for creative and alternative financing solutions. Though well-trained for medical emergencies, physicians find that dealing with loan officers, raising working capital and keeping the cash flow on an even keel calls for a different type of training. Physicians that are expanding their practices especially need accessible cash to meet the added expenses of their expansion. At US Business Finance Corp, we work with many small businesses to help them not only find operating capital, but educate them to their financing options: business cash advances, factoring, or small business loans.

Traditional Financing Often Not Available

The traditional business loans and accounts receivable factoring are sometimes out of reach for small physician practices since the practice's income comes from a variety of sources. Trying to quantify the risk of third party payments from government organizations (which can't be assigned by law) and insurance companies as well as direct payments from patients' accounts makes it tough for banks and low-risk lenders to formulate a loan package.

Alternative Financing Pays Its Own Way

With the alternative financing of our business cash advance program, physicians can use just a portion of their future income, their clients' future MasterCard and Visa payments, as a pledge to secure the advance. No collateral, use of accounts receivables, or personal guarantee is necessary. An added benefit of getting a cash advance is that US Business Finance Corp usually can get your small physician practice approved and funded in 10 days. That means within ten days your cash advance is wired directly to your business account and ready for you to use in any way you need to help your practice.

There are no monthly reports to send to the bank on your current accounts receivables, as in factoring, and there are no fixed monthly payments to meet as in traditional business loans. Your cash advance is repaid on an ongoing basis from your credit card revenue stream. If more payments are made in one month, then that simply accelerates the pay-off of your cash advance. Our cash advance does not impact your revenue stream from insurance companies, cash payments or payments made with credit cards other than Visa and MasterCard.

Contact our small business financing specialists to see how we can help your small physician practice and help get you back to focusing on what you were trained to do - meet medical emergencies and the health of your patients, not financial emergencies and the health of your company.