How Factoring Benefits Private Duty Care Agencies

Now more than ever, private duty care agencies and home healthcare companies need cash flow to sustain their operating expenses, such as Read more

Medical Staffing Invoice Funding – Tips For Managing Customer Fears

Many medical staffing business owners worry that their customers (hospitals, nursing homes, medical clinics, etc.) will misinterpret their decision to factor as a signal of financial instability. In reality, deciding to get medical staffing invoice funding help is an encouraging indication that your medical staffing business is stable, rapidly growing, and in high demand.

To help alleviate your concerns and to educate your customers about medical staffing invoice funding, consider the following: Read more

How Medical Supplies Companies Benefit From Factoring

Now more than ever, medical supplies companies are looking for alternative financing sources.

Banks are not approving loans like they used to and recurring cash flow challenges for medical supplies companies are not going away.

Medical supplies factoring has been evaluated in the past, but this alternative financing option is becoming a popular and convenient solution to cash flow problems. Read more

Factoring Medical Billing Companies – Frequently Asked Questions

A lot of questions can come up when a business owner starts researching medical billing funding solutions – the idea of selling their invoices to a factor or medical billing funding agency. This article addresses some of the more frequently asked questions Read more

Allied Health Staffing Factoring – A Financing Solution For Expanding Companies

The growing nurse shortage has been in the headlines for years, but there is another very real shortage that’s also affecting our nation…the allied health personnel shortage.

Defined as clinical healthcare professionals that assist physicians and nurses, allied health personnel are an important part of the healthcare system. Hospitals, nursing homes and clinics are beginning to feel the stress of the aging Read more

Healthcare Staffing Funding – Bank Loan or Accounts Receivable Factoring?

When prospective healthcare staffing businesses compare factoring fees to bank lending rates, factoring almost always seems more expensive.

Oftentimes, factoring prospects annualize the percentage charged by factors, extrapolating three percent per month to an interest rate of 36 percent per year. In the world of healthcare staffing financing, this scenario is like comparing apples to oranges. Read more

Factoring Brokers Get Paid Before a Deal Closes?

You have to hear about this…

New Factoring Broker Promotion!

We all know that factoring brokers normally get paid a referral fee after the factoring companies fund the invoices.  But PRN Funding is currently running a special offer to factoring brokers that pays a $50 gift card upon referral of a qualified medical staffing lead!

It doesn’t matter if it turns into a closed deal… you still get paid! It just has to meet these requirements:

Upon evaluation and approval that the following criteria have been met for a referral, PRN Funding will mail out a $50 gift card (of the broker’s choosing) directly to the referral source:

1. The prospect must be an organized entity (Corporation, LLC). Sole proprietorships, general partnerships and DBA’s do not qualify for this promotion.
2. Broker/cash flow consultant must, at minimum, informally introduce PRN Funding, LLC to the prospect. In other words, PRN Funding will not make any cold calls as part of this promotion.
3. The prospect must have a legitimate need and interest in accounts receivable factoring.
4. PRN Funding must receive a completed application and accounts receivable aging report from the prospect.

Source: Get all the details from Nikki Flores of PRN Funding at Factoring Broker Summer Promo.

Gift card choices include popular places like Amazon, AMC Movie Theaters, Starbucks, iTunes, Golfsmith, Olive Garden, and many more.

Want more good factoring news?

You can also be eligible to win an iPad if you refer the most potential clients (with at least 3 leads needed to qualify).

But hurry, factoring brokers have until September 30, 2011 to take advantage of this great offer.

Need marketing ideas to jump start your factoring business?

Grab your copy of Marketing Tools for Small Factors and Consultants.

You’ll get instant access to this incredible ebook filled with 45 marketing strategies from 7 successful factoring brokers, consultants, and companies.

Factoring – How Medical Billing Companies Can Avoid the Double Credit Crunch

In this economy, many service-oriented small businesses are struggling to obtain cash on two fronts – (1) Acquiring or extending a line of credit and (2) Getting their customers to pay in a timely manner.

Outsourced medical billing providers are just one type of business that is being affected by the “double credit crunch.” On the one hand, banks have Read more

Credit Squeeze Keeps Factoring Companies Busy

A small business owner who is trying to grow his/her business during a booming economy will hit some speed bumps when applying for traditional financing if he/she cannot show an extensive profitable operating history.

Throw in the current economic climate, and the chance of an entrepreneur obtaining a conventional bank loan is slim to none. When loans are no longer an option, business owners have to find Read more

What is Accounts Receivable Factoring?

Cash flow problems often occur at the early stages of business development or during periods of rapid growth.

Cash flow especially becomes a problem in industries where it’s typical for completed work to go unpaid for 30, 60, or even 90 days after issuing the invoice. Thus, when growing companies start experiencing growth pains, they first try to Read more

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