Claims take weeks to pay, staff get paid every two weeks, and equipment leases bill monthly. Bronx practices use working capital to keep those schedules apart.
Apply Now →A private practice in The Bronx might see patients every day and still watch its bank balance fall for a month. Insurers, Medicaid managed-care plans and Medicare each have their own processing windows, and denials or resubmissions push payment out further. The work is done, the staff are paid, and the money arrives later.
That lag is the defining cash problem for independent providers: physical therapy offices, dental practices, urgent-care storefronts, pharmacies, behavioral-health clinics, labs and home-care agencies. It gets worse when a practice grows, because new patients mean more unpaid claims sitting in the pipeline at any moment.
A second operatory needs a chair, imaging and a part-time hygienist before it books a single cleaning. Equipment-heavy needs like this can also go through equipment financing in The Bronx.
Aides are paid weekly at New York City's $17 minimum wage or higher, while the payer reimburses on its own cycle. Adding caseload means fronting more payroll.
Independent pharmacies buy inventory up front and are reimbursed by plans later. A cash cushion keeps shelves full while claims clear.
Say a Bronx physical therapy practice bills $60,000 a month and typically collects most of it 30 to 45 days later. If it hires a new therapist, it pays that salary for a month or more before the new patient revenue lands. Funding of $50,000 bridges that ramp. These numbers are for illustration only and do not reflect our terms or typical results.
It helps to know your own numbers first. Look at how long your largest payers usually take, how much is sitting in unpaid claims right now, and what your next two payrolls cost. If the gap between those figures is the problem, size the request to cover it with some room, not to cover everything you might ever want. A practice that borrows for a specific ramp, then lets new revenue catch up, is in a much steadier spot than one that patches the same hole every month.
We consider $25,000 to $5,000,000. Our review focuses on about three months of business bank statements, where insurance and patient payments show up as deposits. There are no tax returns to gather, the application takes about 5 minutes, and it starts with a soft credit pull. FICO scores from 500 are considered, sole proprietors can apply, and approved files can be funded in as little as 24 hours.
Practices with a recurring gap rather than a one-time cost should also look at a Bronx business line of credit, or general working capital.
They show up as deposits in your business bank statements, which are the main documents we review.
Yes. Sole proprietors can apply.
Yes, funding can go toward equipment. Our Bronx equipment financing page explains that option in more detail.
FICO scores from 500 are considered. Read how weaker-credit files are reviewed on our Bronx bad-credit page.
No. The core documents are about three months of business bank statements and the 5-minute application.
Three months of business bank statements and a 5-minute application. FICO 500+ considered. $25,000 to $5,000,000, funded in as little as 24 hours.
Apply Now →It takes about two minutes and it will not affect your credit score.
No obligation • No impact to your credit score
