Have a newer healthcare services company ramping fast — operational support, staffing, and contract-based fulfillment (not retail, not telehealth).
Owner FICO: 720
No MCA history, clean EIN
Started Oct 2023 — slow ramp until May
June deposits: $940K+ (across 2 DBAs under same EIN)
June ending balance: $487K+
$9M+ in AR billed, contracts in place and growing
July Proforma shows continued volume
Ask: $200K+
Structure: Term loan or working capital
Downsides: No prior advance, inconsistent rev before May (100K+), low deposit count early on.
Upside: Clean file, high credit, strong June performance, real B2B contract growth.
For those who aren't familiar with factoring - basically the merchants that owe the client money may have their payment be 30, 60, 90, 120 days in arrears. What the factoring bank does is have these invoices get submitted to the bank and then bank pays the client within DAYS. Typically the interest on the money runs around 2% a month. An A/R aging report will show which clients are 30, 60, 90 and 120+ days out from payment due.
Factoring company do this and as far as HIPPA goes - "We will sign a business associate agreement which makes us HIPAA compliant"