Cash Advance for Medical Practice for Los Angeles California Licensed doctors.
A medical practice in Los Angeles California is constantly moving and aware of all the needs of their patients. Line of Credit from 5.99%
A medical practice requires specialized equipment, tools and sufficient inventory to fully service its patients. We understand the importance to maintain quality service. With technology ever changing, that can be exceptionally challenging and expensive.
In this economic environment, it's tough to secure medical practice financing, especially if you're a medical practice that just missed the cut off from a traditional bank loan; or your assets are collateral for other loans. We can help.
If you're seeking medical practice financing for specific purchases such as equipment, inventory, expansion or marketing, you may qualify for a 6-month or 12-month or up to 7 years medical practice financing. Or, if you're looking for an answer the same day, and quick financing for your business, Omega Funding is the right fit for you.
Los Angeles California Medical Industry Business Cash Advance:
There are different type of financing available to the medical service provider.
We specialize in providing capital to healthcare providers nationwide including doctors, medical practices, dentists, nursing homes, hospitals, home healthcare companies, rehab clinics and others with our working capital financing solutions and medical practice loans.
Many banks will not financing health care related industries because of the complex insurance receivables and state lending laws. Other lenders will only financing larger medical facilities that have annual sales of at least $10 Million. And still other practices do not have the positive cash flow required for conventional financing.
Omega Funding has programs that are tailored specifically to the health care sector
Options available for financing your health care related practice in Los Angeles California.
If your practice has to constantly wait 30-90 days or more for insurance payments to be deposited then this program may work for you. We fund the accounts receivables of all types of healthcare providers. Where the receivable payers are done by Medicare,Medicaid,Blue Cross,HMO/PPO, private, and other insurance companies.
We are more concerned about the actual insurance that is collected rather the the total volume billed.
Unlike a typical asset based lender, we are more concerned about the healthcare provider’s accounts receivable as opposed to the healthcare provider’s financial / credit condition,
We typically do not require any financial covenants to be maintained under this program or any personal guarantees.
Funding can happen with companies running in the red and with little financial history.
We can fund based on the available accounts receivables.
Benefits of Medical Practice Financing for Los Angeles California Companies
»Flexible alternative to traditional loans, leases, receivable factoring and other business debt.
» Quicker to close, requires less paperwork, and requires no collateral or personal guarantee.
» Qualification is based on historical average monthly electronic payment sales volume, not on cash flow coverage.
» Flexible payment options with No repayment schedule, no stated interest rate, no minimum monthly payments. Or A Fixed term and schedule payment.
» Repayment that can be based on business volumes and the repayment % is fixed over the life of the transaction. Or for a more secured transaction a fixed payment and term is available for you.
» We offer the highest level of customer service and ongoing support.
MEDICAL TERM LOANS WITH LOW RATES for Los Angeles.
For doctors, dentist, nurses, veterinarian,and the medical professional.
We offer competitive private business loans without the bank red tape.
With up to seven (7) year terms, affordable rates and a hassle-free process, these loans gives you the flexibility to use the funds when and where you decide. Whether it is to increase operational cash flow, cover payroll, pay for marketing or create an emergency cash reserve, Omega Funding is there for you in times of need and in times of growth.
Get approved in 24 hours and received wire funding in 7 business days.
LOC from 5%-16%
Term Loans from: 2-10 years
No hard collateral required NO 1st Lien UCC required.
No Bank delays or red tape
Unsecured Working Capital and Financing options for medical service providers in California.
An alternative option to selling your accounts receivables and individual invoices is our private financing. We evaluate the last 6 months of your electronic payment receipt volume and finances against the business’ next 6 months of projected electronic payment activity. Or we look at the last 6 months of actual bank deposits. Based on the historical deposits we can finance a working capital loan or line of credit for the company. Repayment for financing occurs through collection of a predetermined fixed percentage of your future electronic receivables or a fixed schedule payment from your bank account. No change in bank account or no lock boxes required in some cases.
Our financing is non-recourse (no personal guarantee on periodic or final repayment) and unsecured (no asset or cash flow collateral required). Good candidates are clients that receive regular payments (no less frequent than weekly) from a diversified client base OR from government sources.
No Accounts Receivables Required.
If you are a medical provider that has over $8M in annual revenues we can provide conventional type financing for your practice.
Contact us today to go over your options
888-317-6012 ext 101