Is Medical Factoring Right for Your Medical Office?

If you own a medical office that is growing, sooner1. Funds to meet payroll
or later you'll run into cash flow issues. Unfortunately,2. Funds to pay rent and vendors
every business that is growing - regardless of3. Financing based on your claims. The more you bill -
industry - runs into them.When faced with cash flowthe more financing you getAs opposed to business
problems, most medical offices try to get a businessloans, medical factoring is easy to qualify for. The
loan or a line of credit. Although business loans canmain requirement is that your office be up to date in
work well, they are not a panacea. For starters, theytaxes and be free of any tax or commercial liens.
are not easy to get. But more importantly, they haveAnd it's also quick to set up. It usually takes about 10
set maximums. This means that you may outgrowdays to set up an account for initial funding, but all
the business loan if your business keeps growingsubsequent fundings happen within 24 hours of
quickly. This is a very important point because oncesubmitting the request. The process is very simple:1.
you have outgrown a loan, it is very difficult to tryYou submit claims to insurance companies and send a
and get a new one. The first one must be paid off.Acopy to the factoring company2. The factoring
better option may be medical factoring. Medicalcompany advances between 70% - 85% of your
factoring is a financing tool designed to help medicalnet expected collections3. You get immediate funds.
offices. It eliminates the 60 to 90 days it takes toThe factoring company waits to get paid4. Once the
get claims paid and accelerates payment time tofactoring company is paid, the transaction is
between 2 to 7 days. This can be a huge advantagesettled.Because of this, medical factoring is an ideal
if slow paying claims have put you at risk of:1. Missingtool to streamline your medical office's cash
payrollflow.About Commercial Capital LLCAre you looking
2. Missing rent or other paymentsfor a medical factoring company? We can provide
3. Delaying important hiring decisionsMedical factoringyou with a medical factoring and invoice factoring
can provide you with:financing quote.