Medical Receivables

Today's lending environment brings about a disturbing paradox for medical companies- the fact that most small companies' largest asset are their receivables, yet banks do not take these into account at all. As a result, your company may be refused funding and encounter de-stabilized cash flow - all because your customers are taking their time paying your invoices.

Financing At Your Fingertips
Now, thanks to Factoring Associates' Medical Accounts Receivable Financing Program, you can have the use of funds that may have been previously unavailable. The process typically takes no longer than two business days, we provide you with a quotation, and in as little as 21 days, restore your practice's cash flow and enhance your balance sheet. We effectively replace your receivables with cash, without the need for a loan or additional debt. In fact, factoring is generally considered an off-balance-sheet transaction. Factoring Associates keeps all applications, information and transactions in the strictest confidence.

Building A Customized Program For Your Practice
Factoring Associates does not attempt to fit you into a pre-packaged program. Part of the Associates difference is that we react to your needs and then customize a program to meet your specific cash and servicing needs.

Immediate Funding
Factoring Associates can purchase your existing aged accounts receivable and can arrange to buy your receivables on a weekly basis. And because we pay you immediately, there is no need to wait long periods of time before insurance companies rebate your fees. In effect, you pay us to wait.

How The Process Works
When we take you on as a new medical customer, we will estimate the average, aggregate reimbursement value of your accounts receivable using your past billing and collection history. Then, as the time of each purchase, we advance you up to 85% of this estimated reimbursement. It's that simple. Then, once your accounts receivables have been collected, we subtract the advance amount and our fee and then credit you with the balance.

The Factoring Associates Four Step Process

Step 1: Once we receive your complete, signed application, we issue a letter of intent and term sheet within two business days. This is at no cost or obligation to you.

Step 2: Once you have accepted the terms of the letter of intent and term sheet, a Factoring Associates representative will contact you immediately to help you through our due diligence process.

Step 3: Upon mutual agreement of the value of your accounts receivable and of our final terms, we will visit your office or facility.

Step 4: Once we execute the final documentation, your funds will be wired to your account.

The entire process has, in the past, taken less than 14 days! Please feel free to contact us with any questions, or apply now to begin factoring today.

FAQ | Glossary | Process | Required Documents | Services
Accounts Receivables Outsourcing | Small Business Funding
Accounts Receivable Management | Business Receivable Factoring
Factoring Financial Services | Accounts Receivable Factoring Company
Factoring Accounts Receivables | Accounts Receivables Factoring