Working Capital For Medical Professionals
$15,000.00 - $150,000.00

Performance Capital is happy to announce its working capital program for medical professionals.� Performance Capital understands that medical professionals do not have the time to waste reviewing equipment lease options when it is much simpler for us to just write you a check for you to use as you see fit.� You can use the funds to install a new air conditioning system; consolidate debts; underwrite the startup cost of an additional practice location; etc.� The key is that you decide how, where and when to spend the money without being told what you have to do by a leasing company that does not know your needs.

• Working capital loans are very simple—we write a check to the medical professional who is then free to spend the funds for the business as he or she sees fit.� This normally means significant savings on sales taxes while improving the vendor’s cash flow since progress payments can be made directly by the vendor’s customer on any schedule they agree on.� It also means less work for you and your vendor since there are no invoices or serial numbers to worry about. In addition, the vendor can upgrade or change equipment as needed without new lease documentation.� About 80% of lease applicants convert to working capital loans when they see how simple they are.��

• Life insurance assignment and site inspections are required on all working capital transactions over $50,000. Since there is no life insurance or site inspections are required at $50,000 and under, these loans can be funded extremely fast. Vendors whose product sells for less than $50,001 are ideal candidates for this program.

• Life insurance assignments can normally be waived for multiple doctor practices.

• Spousal PG’s required on all working capital loans unless waived at time of approval.� The higher the dollar amount or with weaker credits, the more likely that the spousal PG will be required.� If your client’s spouse will not PG, let us know at time of application so we can factor this information into the credit decision.� This will save us both a lot of grief if the spouse will not sign after the transaction is documented.

• For transactions under $15,000 or over $150,000, please call for rates.

• Note—medical practices owned and operated by non-medical professionals do not qualify for working capital loans or startup programs.

• Associates do not qualify for w/c loans since they cannot commit the entire practice to the blanket lien. If the practice owner is willing to PG and commit the practice, we will consider it.

• Documentation, overnight courier and filing fees are $150 for each transaction $50,000 and under and $325 over $50,000 including site inspection.

• No upfront payments on working capital loans with exception of doc fee.� Payments calculated in arrears with the first payment due one month after funding.