Prognosis: FUNDED! ?Doctor Success Story!
Doctors Office Success Story! When this Texas Based Doctor’s office was looking for funds quickly to cover tax obligations that were overlooked by their in-house account staff one of our representatives received the call.
Upon speaking about the business and the needs we were able to identify some things right away – The cash flow of the business wasn’t bad, in that there weren’t many negative days, however the net 30, and net 60 terms of payment from some insurance providers were clogging up the cash-flow, and making the daily operations suffer. To come up with a large lump-sum to rectify the tax issue was simply not mathematically possible.
The Doctor’s office called Skytop Business Loans after following some of our social media where we share different things about business in general, and of course about what we do. It is a mistake to think that every deal we do is part of our Bad Credit Loan Approval program. The restrictions placed by the big banks effect all businesses, all credit scores, and all regions. We very frequently secure funds for business owners who are right on the cusp of traditional bank lending – however, they just don’t have the time to go through the lengthy and outdated process. They come to us for Small Business Loans because we can move more efficiently.
While qualifying the Medical Facility for funding – the issue of the cash flow was troubling at first, however, we have very many industry specific programs. our Medical Industry Funding program is geared specifically to any business under the umbrella of “Medical” – that accepts insurance payments. This business was quite easy to qualify as making sense for that program – so we got to work immediately to implement this program. This program is similar to a factoring program you may be familiar with that is most common in the transportation industry. Ultimately what happens is we say “OK – Major Insurance Company A, owes you 20,000 – let’s use that money now without waiting for the 60 days, and pay us back as it comes in” This allows the office to get around the cash flow issue and most importantly PAY THE IRS.?
This office took advantage of the line of credit option – which means they have steady access to funds, but only pay for the capital they take so they only take what they’re going to use. The use of funds still holds no requirements, if this Doctor wants to put in a new TV in the waiting area or maybe finally splurge on that full subscription to Golf Digest, or Women’s Day, he can do that – we don’t mind. The money is guaranteed. This is an example of leveraging collateral for intensive purposes? but does not qualify as personal collateral, and does not require the complicated underwriting and appraisal process a bank would require on say – a home.
If this program sounds interesting to you or you’d like to learn more about our 48 Hour Business Loans feel free to reach out. We can get as creative as we have to in order to earn your business and meet the objective. The sheer volume of merchants, business owners, clients, whatever you’d like to call them is really surprising. Our client base spans all industries, and all over the country – with options for funding in Canada and the UK. – A quick conversation or e-mail may be able to clear up and questions you might have on your end. I personally, have never come across a situation where having another option was a bad thing. We’d love to show you what we can do, reach out today! 844.323.5626 firstname.lastname@example.org?|?www.skytopbusinessloans.com