REVOLUTIONIZED METHOD TO ACCESS YOUR HEALTHCARE CAPITAL
The non-traditional healthcare cash advance offered by Iowa Business Funding is revolutionizing the way healthcare businesses access capital. Repayment occurs through the collection of a predetermined, fixed percentage of future insurance receivables instead of a fixed, daily, weekly, or monthly amount.
Loan repayment is made as you’re repaid from any or all of your insurance processors. The changeover is easy and once the switch is made, you’ll be able to draw down additional funds with no delay. Funds may be used for bridge payroll, marketing expansion purchase equipment and/or inventory training, and more.
Simple eligibility for loan application
Your company must be in business for a minimum of 12 months. However, approved healthcare providers may be in business for only one day! The application itself is very simple. You have to submit a one-page application and 4 months’ bank statements. You’ll have your loan approved within 24 hours.
Our healthcare capital is beneficial in multiple ways
- No fixed term
- No fixed payments
- No closing fees
- No minimum balance
- No personal guarantee
- Funding $15k up to $1m
- Minimum monthly insurance deposits – $25k