Businesses that that receive any of the following electronic payments for services rendered can qualify:

• ACH
• Electronic Checks
• Electronic Fund Transfers
• Consumer Receivable Financing payments (i.e. Care Credit, GE Finance)
• All types of Credit Cards

ProMAC’s EPF can capture all types of electronic payments intermediated by a third party.

EPF Advantages

A ProMAC EPF is flexible, quicker to close, requires less paperwork, and requires no collateral or personal guarantee.  The amount a business qualifies for is based on its historical average monthly electronic payment sales volume, and not on cash flow coverage.

• No repayment schedule and no monthly minimum payments
• Repayment is based on business volumes and the repayment % is fixed over the life of the transaction.

To find out more about ProMac’s alternative financing product contact us online or give us call today.

Instead of submitting and financing against individual invoices, ProMAC evaluates the last 6 months of your electronic payment receipt volume and finances against the business’s next 6 months of projected electronic payment activity. Repayment for financing occurs through collection of a predetermined fixed percentage of your future electronic receivables.

Our financing is non-recourse (no personal guarantee on periodic or final repayment) and unsecured (no asset or cash flow collateral required). Good candidates are clients that receive regular payments (no less frequent than weekly) from a diversified client base OR from government sources. While we focus predominantly on the medical and healthcare arena, any candidate that would typically consider receivables factoring would be a good candidate for our product.

Businesses that represent the best fit for our product include:

• Medical facilities who receive regular Medicare EFTs and HMO/insurance company payments electronically. Examples include but are not limited to ambulatory or surgi-centers, imaging centers emergent care clinics, pain clinics, medical parks with multiple specialties and pharmacies.
• Practitioners that perform high elective procedures and accept GE Care Credit and other forms of patient financing as payment from customers. Examples include but are not limited to dentists, aestheticians, plastic or cosmetic surgeons, orthodontists and veterinarians.
• Companies who use a billing company to collect payments from their customers (in any industry)

To find out more about this new alternative financing product contact us online or give us call @ (631) 901-1050 today.

We offer a fast and flexible alternative to receivables/invoice factoring and traditional financing alternatives.  Find out more.