Home Health Care Agencies Funding
ACCORDING TO THE AARP, THE OVER-65 POPULATION IS PROJECTED TO NEARLY DOUBLE BY 2030. HELP BUILD A STRONG HOME HEALTH CARE AGENCY WITH UP TO $500,0000 IN FUNDING FROM BIZ FUNDING FINDER AS FAST AS 24 HOURS.
Fast Home Health Care Funding You Can Trust
Home health care services allow seniors to age in place rather than moving to a nursing home or long-term care facility. The home health care industry is forecast to grow substantially over the next several years thanks to a number of factors, including an aging population and advances in technology that make it possible for people to receive high-quality care at home. These services are safer and cost-effective alternatives to hospital services. They also allow a person to stay in the comfort of their own home and avoid the long waits and possible infections that come with a hospital stay.
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Home health care providers are prime candidates for funding because they are always in demand and have a reliable income. However, the application process for these lenders can last months, and there’s no guarantee of approval. While you’re waiting, your patients may suffer and valuable opportunities for growth can be lost.
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As an alternative lender, Biz Loans can approve more home health care agency funding than traditional lenders, and we can approve funding faster, with funds deposited in as little as one business day. We provide multiple types of home health care funding to help grow your agency, with funding from as low as $3,000 up to $500,000 and no restrictions on how you can use your funds. We fund all Home health care agencies, including Non-medical home care, Hospice care, Senior care, Personal care services, and more.
Home Health Care Funding Rates
The funding rates for home health agencies are determined by the kind of alternative small business funding that you are awarded. Instead of using a standard interest rate, the majority of alternative home care funding solutions use a factor rate. Factor rates, which are derived from your risk assessment, are straightforward decimal numbers that indicate how much "extra" you will owe on the initial loan amount.
Home Health Care Agency Funding Solutions
OUR KIND, KNOWLEDGEABLE FUNDING ADVISORS WILL COLLABORATE WITH YOU TO SELECT THE BEST FUNDING OPTION THAT WILL SUPPORT YOUR GOALS WITHOUT AFFECTING THE CASH FLOW OF YOUR BUSINESS.
How To Use Home Health Care Funding
There are no limitations on how you can utilize your money. Financing for home health care is the best way to increase patient care, strengthen your company's social responsibility, and boost revenue. Make use of your funds for:
Create or improve services
Invest in the tools and equipment patients need to communicate with their caregivers.
Employ and educate personnel to deliver top-notch care
Increase the geographic area you serve by stepping up your marketing initiatives.
Recruiting more workers in newly developed areas of operation
Obtain the required certificates and licenses.
Employ and educate new personnel
Create a system that allows customers to book your services online whenever they want.
Make the most of your advertising to attract more patients.
Home health care organizations can require a rapid injection of working cash to help them overcome the particular difficulties in their industry, such as:
Paying for unforeseen costs
Adherence to local, state, and federal laws
Handling payroll and cash flow
Variations in seasons or unforeseen costs
Insurance claims that are delayed or rejected
Exorbitant prices for medical supplies, technology, and equipment
Equipment and training upgrades are necessary to stay up to date with evolving standards.
How Home Health Care Funding Works
1
Apply
Collect three months' worth of bank statements and other documentation. Give us secure access to the transactional data from your bank account so we can approve it more quickly.
2
Choose Funding
Within an hour (during regular business hours), a financing advisor will get in touch with you to finish your application and go over your funding alternatives.
3
Get Funded
Your money can be authorized and deposited within 24 hours after you and your funding advisor decide which funding option is best for your company.
4
Set Repayment
Your company's debit and credit card sales on a daily or weekly basis will be automatically subtracted to cover payment. The amount of your payment will depend on your sales.
Will You Qualify for Home Health Care Funding?
The specific qualifications required vary based on the kind of funding you are looking for from home health care agencies. Biz Loans does not base its approval of medical practice finance exclusively on your credit score or financial background. We concentrate on your company's general well-being, which includes:
Revenue for businesses
Money movement
Payment history of the vendor
Years of operation
Public documentation