A Florida based oral surgeon with a busy 20 year old solo practice sought financing from us three times. The first two times, he was looking for short-term working capital to fill in the gaps with slow pays from patients and the insurance companies.
The third time he sought our services, he wanted to bring in another surgeon because he started to experience health issues. He realized if there was another surgeon in the practice, it could relieve the physical stress he was experiencing without any slow down in revenue.
Challenge: The surgeon had poor personal credit and later on developed health issues.
Solution: We got him approved for a total of $270,000 based solely on the cash flow of his practice. The strategy we implemented focused on locating lenders that could fund fast, worked with damaged credit and understood his story. We successfully found that for him.
Because he needed funding for a short period of time, a Merchant Cash Advance loan was the best product for him. He received the infusion of working capital he needed to fill in the gaps as well as the salary of a new provider. The practice saw an immediate return on investment. Revenues increased by 30% within six months.
Loan Product: Merchant Cash Advance loan
Conclusion: Through three rounds of collaboration, Fund & Thrive not only addressed the financial challenges faced by our client, but propelled the practice to new heights. Witnessing a remarkable 30% increase in revenues within just six months, this case underscore our commitment to finding effective funding solutions tailored to your unique needs.
