Accounts receivable financing
Accounts receivable financing is a type of asset-financing arrangement in which a company uses its receivables – which is money owed by customers – as collateral in a financing agreement.
The company receives an amount that is equal to a reduced value of the receivables pledged. The age of the receivables have a large effect on the amount a company will receive. The older the receivables, the less the company can expect. Also referred to as “factoring”.
Frequently, much of a businessâ€™s money is tied-up in the accounts receivables, making it difficult for a company to take new orders, expand, grow, etc… Accounts Receivable Financing is a means for clients to accelerate cash flow by financing their open invoices.
Our AR financing products benefit numerous types of industries such as distributors, manufactures, wholesaler just to name a few. As well as General and Sub-Contractors who bid and work on government projects and healthcare professionals of all (doctor groups, surgery centers, MRI and Radiology centers, hospitals, specialty clinics, healthcare distributors and suppliers, workerâ€™s compensation providers and other healthcare facilities).
Donâ€™t let the lack of working capital prevent your company form expanding in the manner one wants to. Royce Joseph Capital understands your cash-flow challenges and is here to assist you.
Accounts Receivable Financing for Medial Professionals
One of the greatest challenges for medical professionals is managing their accounts receivable portfolio. Doctor groups, surgery centers, MRI and Radiology centers, hospitals, specialty clinics, healthcare distributors and suppliers, workerâ€™s compensation providers and other healthcare facilities typically have a large accounts receivable asset on their balance sheets. It may take up to a few years to collect medical accounts receivable because of the long reimbursement process, bureaucracy, and common legal disputes over pricing and medical necessity.
Royce Joseph Capital understands the cash flow struggles of healthcare providers and can quickly provide funding to pay necessary expenses such as payroll, marketing, equipment purchase and malpractice insurance.
- Commercial Insurance
- Personal Injury (LOP, Medical Liens)
- Workerâ€™s Compensation
- No Fault/PIP
Accounts Receivable Financing for Construction Contractors
Access to cash and cash management are crucial to survival in todayâ€™s construction environment. Royce Joseph Capital offers a comprehensive suite of contractor financing products designed to provide you with the capital to get the job done.
Contractors who bid and work on government projects face a unique set of challenges. Funding your projects can be one of the main contractor finance challenges. But donâ€™t let lack of working capital or bonding prevent you from bidding on those jobs. By factoring your progress payments you donâ€™t have to wait 30, 45, 60 or even 90 days to receive payment.
Royce Joseph Capital can help contractors and subcontractors attain publicly funded projects through the use of factoring accounts receivable. We fund the costs that apply to your current projects, like your pressing payroll and supplier expenses, while you concentrate on the task at hand. We can also help subcontractors with:
- Initial Plan Reviews
- On-site Inspections
- Continuous Qualification throughout life of project