Private medical financing company KatalystFP is working hard with its new and innovative way for practices to be financed. In a time when businesses are being led to believe there is financing available, many are being turned away due to credit issues. KatalystFP’s innovative and industry changing medical financing program is creating growth opportunites for the business world.
“The Healthcare space is facing the same problems that rest of the world is experiencing. Problems like vendors taking longer to pay, credit score issues and increasing costs. Perfectly viable practices are being turned down for financing due to the owners having personal credit problems,” said KatalystFP CEO and Chairman Sharmilla Amico. “We evaluate the business and determine if our financing is a good solution for them. We are filling a void left by traditional lenders”
When a business seeks alternative financing sources, they are usually left with a merchant cash advance or receivables factoring. Typically, a merchant cash advance can only capture the business’s credit card receipts, but KatalystFP’s groundbreaking mechanism allows it to capture a variety of electronic payment types (insurance, consumer financing and credit cards) allowing it to offer larger advances to the medical, dental and veterinary markets. This process enables companies to obtain larger financing amounts to stimualte their growth.
The KatalystFP team works closely with the owner to get an understanding of how their business operates, and ensures that the financing will not harm, but rather improve the business. “We establish a relationship with the owners and they can call at any time during the process to ask questions or ask for help,” said Jennifer Brown COO. “We take great pride in offering a level of service that goes above and beyond what people expect from a lender. We believe we partner with you on a temporary basis and we want to ensure you get what you need.”
The KatalystFP medical financing solution can be tailored to suit the needs of any business. We pride ourselves on our ability to find new and innovative ways to help the businesses of America grow and prosper.
Keep ‘em coming… you all do such a great job at such Concepts… can’t tell you how much I, for one appreciate all you do!