Medical Insurance Receivables Financing
ProMed ADVANCE is revolutionizing the way healthcare businesses access capital
- No Fixed Term
- Payments tied to Insurance Receivables
- No Fixed Payments
- If Business Slows Down, Payments Slow Down
- No Closing Fees
- No Minimum Balances
Approved & Funded within 5-7 business days
Are you tired of being locked in a loan agreement that debits your bank account day in, day out, week in, week out regardless of your cash flow? We have the perfect new ProMed Healthcare Cash Advance product for you to consider:
ProMed’s Healthcare Cash Advance is ideal for companies in need of a fast funding option with very flexible repayment terms based on insurance reimbursement.
- Great for: Anyone that accepts health insurance payments
- Fast: Funding in as few as 3 business days
- Flexible: No fixed repayment period; repayment rate increases or decreases based on revenue flows. Terms are 3-15 months.
- Easy: 1 page application & 4 months bank statements
- PromMed’s Alternative Financing & Loan products offer a financial solution for medical practices, healthcare companies and any business that is health related
- ProMed is able to offer considerably larger financing amounts than other lenders because we use future insurance receivables, not just credit cards, to qualify clients.
- Our financing amounts are based primarily on historical monthly gross volumes. A business/practice will typically qualify for 100% of monthly gross receipts.