Medical Factoring : Fargo, ND
How About It?
Is your Fargo business continuously waiting 60, 90, even up to 120 days or more for payment from insurance companies? HMO's, Medicare and Medicaid can be a challenge for the healthcare and medical equipment industries in North Dakota. If you need flexible financing that grows with your sales, then medical factoring with Invoice Advance is your company's best solution.
Medical factoring can get your insurance claims paid in as little as 24 hours, providing your business with the capital needed to meet payroll, pay suppliers and cover other operating expenses.
The Factoring Cycle:
You sell a product, and or a service to your client.
Step 2:
You invoice your client, and submit a copy of the invoice(s) to Factor.
Step 3:
Factor then verifies the authenticity of the invoice(s) submitted.
Step 4:
Once verified, Factor will fund 70 – 90% of invoice(s) face value.
Step 5:
Factor will now wait on payment of invoice(s) from your client.
Step 6:
Once paid, the Factor pays you the remaining 10-30% (less service fees).
Step 7:
That's all she wrote; repeat "The Factoring Cycle" as often as needed.