If you own a medical office that is growing, sooner or later youll run into cash flow issues. Unfortunately, every business that is growing regardless of industry runs into them.
When faced with cash flow problems, most medical offices try to get a business loan or a line of credit. Although business loans can work well, they are not a panacea. For starters, they are not easy to get. But more importantly, they have set maximums. This means that you may outgrow the business loan if your business keeps growing quickly. This is a very important point because once you have outgrown a loan, it is very difficult to try and get a new one. The first one must be paid off.
A better option may be medical factoring. Medical factoring is a financing tool designed to help medical offices. It eliminates the 60 to 90 days it takes to get claims paid and accelerates payment time to between 2 to 7 days. This can be a huge advantage if slow paying claims have put you at risk of:
1. Missing payroll
2. Missing rent or other payments
3. Delaying important hiring decisions
Medical factoring can provide you with:
1. Funds to meet payroll
2. Funds...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
