Friday, August 12, 2011

Alternative Financing Options - Home Health Care Factoring

Specifically, Credit Unions, Community Development Financial Institutions (CDFIs), Micro Lenders and Accounts Receivable Factoring Firms all said YES to the majority of their small business financing applications while most larger banks repeatedly said NO.

Although a home healthcare agency owner could be approved for financing by any of the alternative lenders listed above, the best alternative financing option for them is to work with a home healthcare factor, and here's why:

1. Home Health Care Factoring Creates Positive Cash Flow