| If you own a medical office that is growing, sooner | | | | 1. 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 of | | | | 3. Financing based on your claims. The more you bill - |
| industry - runs into them.When faced with cash flow | | | | the more financing you getAs opposed to business |
| problems, most medical offices try to get a business | | | | loans, medical factoring is easy to qualify for. The |
| loan or a line of credit. Although business loans can | | | | main requirement is that your office be up to date in |
| work well, they are not a panacea. For starters, they | | | | taxes and be free of any tax or commercial liens. |
| are not easy to get. But more importantly, they have | | | | And it's also quick to set up. It usually takes about 10 |
| set maximums. This means that you may outgrow | | | | days to set up an account for initial funding, but all |
| the business loan if your business keeps growing | | | | subsequent fundings happen within 24 hours of |
| quickly. This is a very important point because once | | | | submitting the request. The process is very simple:1. |
| you have outgrown a loan, it is very difficult to try | | | | You submit claims to insurance companies and send a |
| and get a new one. The first one must be paid off.A | | | | copy to the factoring company2. The factoring |
| better option may be medical factoring. Medical | | | | company advances between 70% - 85% of your |
| factoring is a financing tool designed to help medical | | | | net expected collections3. You get immediate funds. |
| offices. It eliminates the 60 to 90 days it takes to | | | | The factoring company waits to get paid4. Once the |
| get claims paid and accelerates payment time to | | | | factoring company is paid, the transaction is |
| between 2 to 7 days. This can be a huge advantage | | | | settled.Because of this, medical factoring is an ideal |
| if slow paying claims have put you at risk of:1. Missing | | | | tool to streamline your medical office's cash |
| payroll | | | | flow.About Commercial Capital LLCAre you looking |
| 2. Missing rent or other payments | | | | for a medical factoring company? We can provide |
| 3. Delaying important hiring decisionsMedical factoring | | | | you with a medical factoring and invoice factoring |
| can provide you with: | | | | financing quote. |