Are you providing a service or product and then waiting 30, 60, 90 days for the invoice to be paid? Is the waiting causing cash flow shortages for your company?

Accounts receivable funding or "factoring" is widely accepted as a financing source and is used extensively in the manufacturing, distribution, apparel and transportation industries. Our clients cover almost every industry, including professional fields, such as accounting firms. Simply put, accounts receivable funding is the exchange of your commercial accounts receivable for cash.

When an invoice is generated it is purchased and an advance up to 85 percent of the invoice amount is provided to you WITHIN 24 HOURS. Then, when your customer pays the invoice, you will receive the remaining balance, minus a nominal fee.

MEDICAL RECEIVABLE FACTORING
The size of the health care industry in general is growing and shows no signs of declining. In the medical industry, repayment can take anywhere from 60 to 120 days, whether the funds are coming from individuals, private insurance companies, HMO's or PPO's or government sources.

These delays in receiving payment create cash flow problems for physicians and other health care providers. They sometimes use up their bank lines of credit and have no other way to obtain additional financing. LRI, in conjunction with its partners, funds medical receivables and welcomes your inquiry.

Contact LRI today to discuss your options.