Celebrating 25 Years of PRN Funding
In October 2025, PRN Funding proudly celebrates 25 years of helping healthcare businesses grow and thrive. From humble beginnings to becoming a trusted name in healthcare factoring, PRN Funding’s journey has been one of steady growth, innovation, and dedication to its clients.
A Strong Start
PRN Funding was incorporated in October 2000, marking the start of its mission to provide reliable financial solutions for healthcare businesses. Just months later, in April 2001, PRN Funding signed its very first client—laying the foundation for the company’s future success.
Building Financial Strength
By December 2002, PRN Funding received its first senior bank loan with Huntington Bank, allowing the company to expand its funding capacity and support more clients. In June 2005, PRN Funding celebrated another major milestone—reaching its 100th client, a reflection of growing trust within the healthcare community.
PRN Funding is Celebrating 25 Years!
See Our History
Industry Leadership and Expansion
From 2009 to 2011, PRN Funding President Phil Cohen served on the International Factoring Association’s (IFA) advisory board, contributing his expertise to advance the industry. Continuing to expand, PRN Funding launched its sister company, Factor Finders, in June 2011, connecting businesses in various industries with factoring partners nationwide.
In 2012, PRN Funding expanded its credit facility and transitioned its banking relationship to Fifth Third Bank, further strengthening its financial foundation.
Growth, Rebranding, and Recognition
In April 2015, PRN Funding partnered with Sanctuary Marketing Group to rebrand its logo and website—modernizing its image while staying true to its mission. A year later, in February 2016, PRN Funding moved to a new office in Beachwood, Ohio, to accommodate its growing team.
Later that same year, Phil Cohen joined the American Factoring Association (AFA) board in November 2016, further establishing PRN Funding’s leadership role in the factoring industry.
Major Milestones
PRN Funding reached an impressive $1 billion in purchases in October 2018, a testament to its commitment to helping healthcare companies maintain cash flow and expand their operations. That success only continued, with the company surpassing $2 billion in purchases by August 2023.
Looking Ahead: 25 Years and Beyond
Not only has PRN Funding survived years of change, economic uncertainty, and even a global pandemic; they’ve also had the privilege to help so many healthcare businesses grow and profit as well. As the company looks to the future, it remains committed to being the reliable funding partner businesses have come to know and trust.
