INVOICE FACTORING
LEGAL FUNDING
INJURY ADVANCES
MEDICAL FACTORING
Get financed based on your future income receivable. This solution helps companies in all industries that cannot afford to wait up to 90 days to get paid by their commercial or government customers.
Factoring of legal receivables to ensure faster payment of services, access to client benefits and the ability to invest in and grow their business operations. “Legal funding” is the general name for the factoring of legal receivables.
Cash in as little as 24 hours, no credit checks or hassles pay nothing if your case is lost. – Not Available in MD, CO or NC. Get Cash now in exchange for a portion of your future legal settlement at a fair rate and without a credit check. If you have a personal injury claim and have hired a lawyer, then you qualify to receive a cash advance from USA Financing Corp.
Medical factoring helps companies that bill private insurance companies, Medicare, or Medicaid, and have cash flow problems due to slow payments. This type of financing is commonly used by healthcare providers and medical professionals of all specialties.
Easy And Fast Underwriting
Guaranteed financial solutions for your business.
USA Financing Corp makes it simple.
We have a history and long-established and excellent reputation with clients owned businesses.
We have the experience knowledge, capabilities, and funding needed to make your business grow and succeed.
Pros and Cons of Short Term Loans
Pros
- Like all financial decisions, getting short term loans for business has its pros and cons. The advantages include knowing that you have a set payment. It can be weekly or perhaps it’s daily.
- We base our installment loans payment schedule on the risk associated with your industry, cash flow, time in business and average daily bank balances (there are well over 200 points that determine this risk).
- Another benefit is the limited paperwork and the fact that there is no challenge with poor credit. We do not report to the personal credit bureaus, however, we do report to the business credit bureaus, thereby helping you build your business credit.
- Perhaps the biggest pro is that the money or use of funds is for any business purpose. There is no need to get specific approval for the use of funds.
Cons
- The cons are limited. As we address below, the annual costs of funds and the annual percentage rate are potentially greater than the rates associated with a long term loan.
- The other challenge is your cash flow may make the payments challenging, especially if your revenue is inconsistent or spikes due to the nature of your business.
- The best way to think of the benefits of this type of business loan is as follows. How long are you holding onto whatever the business loan is securing?
- If you were going to buy a piece of equipment that lasts seven years, I would not want to have to pay a short term business loan off in 10 months.
- Responsible lending dictates you should find the least expensive loan available.
- On the other hand, if you make inventory purchases that sell in the 30 to sixty days and this is happening on an ongoing basis; then you wouldn’t want a business loan for the next five years.
How to start your business loan application
It can take just 15 minutes to complete an application
- Sign up & confirm eligibility
- Enter essential business details
- Straightforward online application
- Submit a Few Basic Documents
- Funds available within 24 hours