Here’s How Factoring Can Help Your Company

PRN Funding‘s healthcare factoring services benefit small and medium-sized companies serving healthcare institutions in many ways. Most healthcare companies use factoring to boost their cash flow and eliminate the wait to be paid. However, PRN Funding offers more than just a stable source of working capital.

A Simple Financing Solution

• Immediate cash — We advance you cash on your qualified receivables in less than 24 hours.
• Factoring is fast and simple — One of the benefits of healthcare factoring is that the application process is a cinch. We require no history of profitability, no tax returns, personal financial statements, business plans or personal guarantees. So after initial approvals, you can be on your way to factoring in as little as 24 hours.
• No long-term obligation — There’s no long-term contract to sign. And once approved, you can stop or start factoring at any time.
• Flexibility — You have the freedom to factor when you want, how you want, whom you want, and for however long you want.
• Unlimited capital — Another benefit of healthcare factoring: it can grow with your sales. As sales increase, more money becomes immediately available to you.
• Industry expertise — PRN Funding, LLC works exclusively within the healthcare industry. If you sell to and collect from providers of medical care (physicians, ambulatory care centers, nursing homes or hospitals) there is nobody better than us!
• Leverage off of your customers’ credit — Approval is easy. You don’t need good credit or a long-term operating history for factoring services; all you need is creditworthy customers.