Finance Marketing Group

Tone/Voice:

Professional, Engaging

Keywords:

• Use the primary keyword 3-4 times in the article.
• Use any secondary keywords at least once.

Format:

• Use the exact title given in the special instructions column of the spreadsheet. If there is no title, make up your own.
• List the keywords at the top of every article, separated by commas.
• Do not mention the company name in the articles or any specific numbers. Keep the content very generic.
• Headers can be used, but aren’t necessary.
• Feel free to fix any spelling or grammatical errors in the titles.

Helpful Info:

The client has given us a simplified list of loan types that can be found here.

• Save the article as “keyword-title.”
• Send your articles to [email protected] with the client name in the subject line.

Unsecured Lines Of Credit

Unsecured Lines Of Credit: Why Startups Need Them

Unlike a secured line of credit, unsecured lines of credit do not have to be backed with collateral, such as commercial property, inventory or receivables. This is extremely valuable because if you are unable to pay back the line of credit, you do not have to stress about losing some of your business.

Wrapping Your Head Around a Line of Credit

 If you have a business line of credit, you are able to access it any time you need funds until it runs out. If you have a business line of credit worth $300,000 and take out half, the other half will be available for you to take when you need funding next. When you start a business, it is no secret that an extensive amount of funding is required, making a business line of credit extremely valuable.

Choosing an Unsecured Business Line of Credit

Unsecured lines of credit help avoid some of the financial uncertainty that come along with starting a new company. If you do run into some trouble financially, having money available to you to get you back up and running quickly without suffering major repercussions is extremely beneficial. Another benefit to these types of lines of credit is that they help you establish business credit. If you successfully use the unsecured line of credit, you can build up business credit history, which can help you when you apply for loans in the future. Lenders seek out positive credit history and look for companies that have paid back loans on time and in full. It is wise to build up credit in order to separate your personal credit score from your business credit score.

The flexibility that comes with an unsecured loan is also an important benefit to point out because it allows you to avoid having to pay fixed monthly payments. Startups can have high times and low times financially and eliminating paying fixed payments can help omit some of the stress entrepreneurs endure.

Unsecured lines of credit are ideal for startups because they allow you to have access to necessary funds without all the risks that come along with secured lines of credit. There is a lot of stress and uncertainly that you have to deal with as an entrepreneur. A few benefits of these lines of credit include the ability to avoid financial uncertainty, the opportunity they allow to establish a business line of credit and the flexibility they provide in case you experience financial struggles.

Medical receivable financing

Medical Receivable Financing: Stop Waiting and Get Paid

A healthy cash flow is the cornerstone of a healthy business, regardless of what industry you work in. The medical industry faces a special challenge, however, in that slow payments from insurance providers may put a damper on your bank account. In some cases, insurance companies may take up to 120 days to pay! How can you solve this problem and get the money you need to keep your clinic or other business in its best shape?

Many businesses in the medical industry use medical receivable financing, otherwise known as medical factoring. This is an arrangement wherein you sell and assign your medical claims to a company that specializes in medical factoring. The financing company gives you an advance on the claims, up to 80 percent of their value. When the insurance company finally pays the claims, the transaction is complete. After the transaction is complete, you’ll receive the remaining 20 percent of the claim — minus a financing fee.

It is important to note that not all factoring businesses can handle Medicare and Medicaid claims, because these require a different assignation procedure. Before you commit to using medical factoring, ask if the company knows how to process those claims.

Who stands to benefit most from medical receivable financing? Mainly, new businesses or businesses that are growing quickly will greatly appreciate the cash flow solution that this type of arrangement provides. Some types of businesses that may qualify for medical factoring include the following: hospitals, clinics, hospices, nursing homes, rehab facilities, and medical staffing agencies. If you aren’t sure if your business qualifies, you can always get in touch with a financing company to learn more.

Besides taking care of cash flow issues, medical factoring comes with other advantages as well. It is easier to get approved for it than for traditional lines of credit. This is because the factoring company will place more scrutiny on your invoice clients than on your business’s credit rating. Also, because you are selling your claims to an outside company, factoring can’t technically be called loan; you won’t have to incur the burden of new debt that your business may or may not be able to handle.

Does medical receivable financing have any disadvantages? There are a few. Your clients will be notified when you sell their claims, and they may not like that they are now paying a third party. The factoring company could also restrict you from doing business with clients who have a poor payment history.

Medical receivable financing could spare you the painful wait that comes with insurance carriers that hesitate to pay right away. Why not look further into this arrangement?

Business Plan

Writing a Strong Business Plan

A company is only as good as its initial starting point. For many companies, starting and subsequently growing means coming up with a solid strategic plan. However, having a plan is not merely an oral venture, but is written documentation of the proposed business. In addition, it is not a solitary document that gets discarded after the business is set up. Rather, it is an elaborate dynamic document that continues to evolve as the business grows. There are several key components to making a strong business plan.

Executive Summary

An executive summary outlines the brief details of the business plan. It serves as an index that touches on the name of the name, the mission statement and background information of the company. In addition, the executive summary also provides projections about the company’s market share, capital needed and future profits over the next three years.

Business Offering

In this section, it is critical for a company to outline what makes it special. This includes not only what the business does, but also what it may sell or manufacture. This section details exact processes of what is being offered, how it is produced and how it is disseminated. This is also the place where projections for future products or services are introduced.

Implementation Strategy

Every business needs a timeline. In the implementation portion, details about when phases of the business become operational help serve as a guideline to keep companies on schedule. This is also a great place to mark important milestone dates when a company achieves a set goal.

Marketing Plan and Analysis

If a business expects to be successful, its business plan must include a way to advertise it products and services, and it is expected that these details be included in the budget. The market analysis portion of the plan can be anything from facts and figures concerning the market or even client testimonials. The important thing is to create a marketing analysis that will be attractive to future investors.

With any of these sections, it is wise to provide additional support documentation in the plan so that everything pertaining to the business can be accessed at once. Having a written plan can also be attractive to potential investors. A solid business plan expands with its company and provides a framework for all people involved in the venture, whether they are involved at the start of the venture or are brought in at a later time.