Lines Of Credit For Healthcare Centers Near Greenwich, CT

January 28, 2018 by CNH Finance, LP in category “Financing”

Finding the right source of working capital in and around Greenwich, CT can be challenging for local healthcare centers. Traditional credit providers have prohibitively high requirements, and taking our loans only leads to debt and impacted credit ratings. Fortunately, local healthcare centers can find a way to sidestep both debt and high requirements with special Greenwich, CT lines of credit.

Not All Lines Of Credit Are The Same

Not all lines of credit are the same. Many traditional providers offer seemingly attractive lines of credit. However, looking into the fine print, the agreement reveals that the super-low interest rates tend to skyrocket after a short period of time, or after a certain amount of capital is used. Additionally, some lines of credit require an inordinate amount of collateral just to get a fraction of the capital necessary. Healthcare centers should not have to risk their portfolios just to get a meager amount of financing.

Loans Are Not The Answer

Frequently, healthcare centers in the Greenwich, CT resort to bank loans for extra working capital. The trade-off is impacted credit ratings and debt. Unfortunately, taking on debt means healthcare centers are held back from making any headway. Some Greenwich healthcare centers will even take out cash advances, because they are advertised as being debt-free. Cash advances, while not placing debt on the books, have a number of other hidden catches. Cash advances are repaid through a small percentage of credit card sales. While this overtly provides flexibility, as opposed to regular monthly payments, it also means healthcare centers have a very slim chance of paying off the entire balance within the terms outlined in the agreement. If the balance is not repaid at the end of the agreement, healthcare centers face a large balloon payment, as well as additional fees.

Asset Based Lines of Credit Near Greenwich, CT 

Lately, local healthcare centers have been using asset based lines of credit. Asset based lines of credit are structured around the value of things such as receivables, equipment, vehicles, facilities, and more. Asset based lines of credit are debt free, and they provide a revolving source of working capital to ensure ongoing success. At CNH Finance, we provide comprehensive lines of credit to healthcare centers and private practices near Greenwich, CT and the surrounding area. Contact our offices today, and our team will go over the advantages to provide a solution tailored to your needs.

To speak with someone in our Connecticut office, use our contact form or call us:

2 Greenwich Plaza, 4th Floor
Greenwich, CT 06830

Phone: 203-742-3056

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