Looking to Explore NPNs

100K Investing, LLC, is always looking to explore opportunities. The current opportunity we are looking at is NPNs, or NPLs, also known as Non-Performing Notes or Non-Performing Loans.

At this time, or main focus will be on both brokering these notes in the Inland Northwest to those who are interested in the area, and to provide due diligence services on these notes, tapes, or pools. You can find out more my going to the cash for notes tab, and select NPN.

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First Teleconference Calls for Invoice Factoring, and more.

We will be starting to hold weekly teleconferences for businesses that may be interested in invoice factoring. In addition, there will be guest speakers to discuss seller financed mortgages, annuity sales, probate advances, and more.

Here are the Event Brite urls for the following:

If you’re in or around any of these areas, check out the teleconference for invoice factoring. Note that these are open to the public, and anyone with a business that has invoices is welcome to attend.

Medical & Healthcare Factoring

If you are a business in the medical & healthcare industries, there is great news for you! Medicare, Medicaid, and other private insurers can take 30 – 90 days, or more, to pay your company on your invoices. If you provide medical or healthcare-related services of any type, we can help you.

Healthcare factoring applies when there is not a third-party payer involved and medical factoring companies are used when there is a third-party payer involved.

Healthcare and Medical Receivables Factoring is Available For

  • Sole and Group Practitioners
  • Rehabilitation and Physical Therapy Facilities
  • Chiropractors
  • Durable Medical Equipment (DME)
  • Hospitals
  • Laboratories
  • Medical Billing Services
  • Medical Coding Services
  • Medical Staffing Companies
  • Medical Supply Companies
  • Medical Transcription Services
  • Medical Transportation
  • Nursing Homes
  • Home Healthcare Providers (Medical & Non-Medical)
  • Imaging Facilities (providers of MRIs, X-Rays, CT Scans, etc.)
  • Ambulance Providers
  • And more

Some of the common Healthcare receivables sectors include medical transcription services, medical staffing companies, medical coding and billing services, medical supply companies, etc.

By utilizing healthcare factoring, these vendors can enjoy the benefits of a virtually unlimited line of credit all based upon the services they’ve provided. The simple method of factoring healthcare receivables is as follows:

  • The healthcare vendor invoices their customer for work that has been completed. Some of the common customers will be hospitals, nursing homes, medical offices, etc.
  • Next, the vendor sends a copy of the billing documentation to the healthcare factoring company.
  • Within 24 hours or less, the factoring company will deposit funds into the vendor’s bank account. This amount is typically in the range of 85% of the gross invoice value.
  • The factor holds 15% while awaiting payment and handles collections on behalf of the vendor.
  • As soon as the invoice is paid in full, the factor releases the 15%, minus the factoring fee, back to the vendor.

Whether you are billing Medicare or Medicaid, third-party insurance companies, Blue Cross/Blue Shield, or HMOs, we have a factoring solution to help. By factoring your medical claims, you will benefit by receiving capital up-front, while the factor waits months for your customers to remit payment. The general process for factoring medical claims is as follows:

  • The provider submits the claims to the third-party payer as normal.
  • A copy of the paperwork is submitted to the factoring company.
  • Within 24 hours or less, the factoring company deposits funds directly into the medical provider’s bank account (typically around 85% of the net collectable value).
  • As soon as the claim is paid in full by the third-party payer, the factor releases the remaining 15% minus a small factoring fee.

Simply contact us today for a detailed discussion focused on your business and its capital needs. In most cases, you can begin funding your receivables in as little as 1-3 days.

Government Contractor Factoring

Here is some information from one of the companies I will be factoring for, who do government contractor factoring:

…many owners are forced to limit their number of contracts due to the financial instability that slow-paying agencies can cause a business. With accounts receivable financing, you can circumvent this age-old problem and get paid as early as tomorrow for work that has been completed today.

How Government Contract Financing Works

  • Upon completion of the contract, or its benchmarks, submit your invoice and supporting documentation to the government agency while also sending a copy of the paperwork to the factoring company.
  • The factor will then advance up to 80-90% of the gross receivable value by depositing the funds directly into your bank account (typically within 24 hours or less).
  • The factoring company waits the weeks or months for repayment.
  • As soon as the payment is received in full, the factor will release the remaining funds directly into your bank account after deducting the small factoring fee.

Benefits of Government Contract Factoring

  • Same day funding
  • Competitive advance rates and fees
  • Short term agreements with no hidden fees
  • You choose which customers to factor and which customers to pay directly
  • 24/7 Online account access
  • Free credit checks on new customers
  • Dedicated account managers
  • Extensive government contract financing experience

The last is to emphasis that, yes, the company I broker for has a lot of experience in government contracting invoicing, and dedicated managers can help you throughout the entire process.

More Factoring Information

Special services for people in the trucking, transportation, and car hauling business are now offered via associates of 100K Investing, LLC.

As you may know, Factors will buy your invoices (Accounts Receivables), giving you working capital within 24 hours. In addition, some of our associates offer fuel cards, road side assistance, tired discounts, and even one-on-one representation, to talk to someone at any point on your journey, about what ever you may need.

We work with businesses of all sizes to factor their invoices, from start-ups to large, publicly traded companies.

Factoring: the sale of a company’s accounts receivable to a 3rd party in order to generate “instant cash” to continue to operate their business. The Factor bills the business’s customers for the work the business completed. The customer is instructed to pay the Factor, and once the customer pays the Factor, the invoice is closed.

Some advantages:

  • Little, or even no startup costs!
  • 24-hour client approvals
  • Invoices purchased same day on scanned copies, not originals
  • Competitive fees and advance rates
  • Dedicated account administrators
  • Free online credit checks, in most cases

If you currently have a factoring company, but are having some of the following problems:

  • Originals required to get funded
  • Per invoice fees
  • Monthly minimums
  • Non-responsive support personnel
  • Delays in payments posting
  • No fuel discounts
  • Reluctance to advance your customers

We work with multiple Factors, to help you get the right choice for you, to get you the services you need!

Up & Coming Business Services

Initially, our prime service for our business clients was to buy their seller financed notes, so they could get funds now, instead of waiting months or years to collect their payment.

We are working with a few different types of firms, to offer alternative commercial funding to businesses, especially when banks and other traditional lends say “no.”

Some of these methods include factoring. In part, this the selling of your invoices for cash now. Another option is merchant cash advances, or MCAs. The MCA is a loan, and the client pays it back through cash, credit card, and other sales the business makes. Others will be made available, as time progresses. Check here, on the updates section, and under the Financing Tab.

We now buy notes

We now buy notes. We buy performing and non-performing. 1st or 2nd positions.

We buy:

– Mortgage notes, especially those with seller financing
– Various legal settlements or structured payments
– Lottery Winnings
– Partials
– Factoring
– Business seller financed notes
– Others

For more information, visit the Cash for Notes tab, and its sub-tabs.