When Do Factoring Companies Decline Invoice Financing?

Factoring companies have a well-earned reputation for providing cash flow solutions when banks say “No” to business financing. But there are times when even they turn down a request for factoring help.

Improve your chances for approval by keeping four qualifiers in mind when courting receivable financing: Read more

Directory of Factoring Companies and Service Providers – All New 2010 Edition

Sometimes it is not only what you know, but who you know.

Knowing the right contacts not only makes things easier, it can make you more money. Read more

The How To Guide – Allied Health Staffing Factoring

The notion of selling allied health receivables to a factoring firm may sound like a difficult concept to understand, but in reality, nothing could be further from the truth. Read more

Investor Spotlight: Healthcare Factoring with PRN Funding!

Factoring account receivables is helping health care companies through these tough economic conditions opening the door to earning opportunities for cash flow consultants.

FactoringInvestor (FI) caught up with Phil Cohen, Founder and President of PRN Funding, LLC, to fill us in on the specialized niche of healthcare funding.
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What is Medical Factoring?

The term “medical factoring” can be interpreted several different ways but essentially it is factoring that deals exclusively with invoices that are “medical” in nature.

For example, medical providers (such as doctors or those that sell medical supplies) may have to wait up to 90 days to get paid by an insurance company, HMO, or Medicare/Medicaid. These cash flow issues present the same challenges as traditional, non-medically related, companies.

When medical providers utilize factoring they often receive their “advance” from the factor in as little as 24-48 hours. This allows them to better manage their cash flow, increase their business, and not take on additional debt.

If you are in need of medical factoring, you will want to seek out a factor that specializes in that area.

Loans To Provide Medical Cash Flow-Not The Best Solution!

Financial products have specific characteristics that make them appropriate for some situations and inappropriate for others. To date there is no “one size fits all” cash flow solution product. Read more