You have big plans for your home care agency. Maybe you want to hire more caregivers, launch a new marketing campaign, or expand your service area. But growth takes money, and it’s tough to invest in the future when your cash is tied up waiting for reimbursements. You don’t have to let slow payments hold you back. A home care business cash advance gives you the working capital to fund your growth now. We’ll walk you through how this straightforward funding helps you achieve your goals without the long wait of a traditional loan.
Key Takeaways
- Repayments work with your cash flow, not against it: A cash advance isn’t a loan with a rigid monthly bill. Instead, you repay a small percentage of your daily sales, so payments are lower when business is slow, protecting your agency from financial strain.
- Getting funded is quick and simple: The process is designed for busy agency owners. Approval is based on your revenue, not a perfect credit score, and you can receive the money directly in your bank account in as little as 24 hours.
- Use the funds with a clear purpose: Before you spend anything, decide where the money will have the biggest impact. Prioritize urgent needs like payroll, then use the rest to invest in things that will grow your agency, like marketing or hiring new caregivers.
What is a Home Care Business Cash Advance?
If you’ve ever felt the financial squeeze of waiting for insurance or client payments to come through, you know how stressful it can be. A home care business cash advance is a type of funding designed to solve that exact problem. Think of it not as a loan, but as getting a lump sum of cash now in exchange for a small percentage of your future earnings. It’s a straightforward way to get the working capital you need without the long waits and rigid requirements of a traditional bank. This type of funding, often called a merchant cash advance, gives you the flexibility to manage your agency’s finances with confidence.
How Much Funding Can You Get?
When you need cash for your agency, one of the first questions you’ll have is, “How much can I actually get?” The amount you can receive is flexible and designed to fit agencies of all sizes. Depending on your revenue, you could get a few thousand dollars to cover a small gap or a much larger sum for major growth projects. Some financing options for home healthcare businesses range from $5,000 to $1,000,000, ensuring you can find a solution that matches your specific needs without taking on more than you can handle. The goal is to provide enough capital to make a real difference, whether that’s hiring two new caregivers or twenty.
The specific amount you’re approved for isn’t based on a perfect credit score or stacks of paperwork. Instead, it’s tied directly to your agency’s revenue. A funding provider will look at your recent sales and receivables to determine an amount that makes sense for your business and is manageable to repay. At Funding4HomeCare, we understand that your income can be unpredictable because of delays with Medicaid, Medicare, and private pay cycles. We look at your whole financial picture to get you the right amount of funding, fast. The best part is that the approval process is quick, and you can often have the funds in your bank account in as little as 24 hours.
How a Cash Advance Differs from a Traditional Loan
It’s easy to confuse a cash advance with a traditional loan, but they work very differently. A bank loan comes with a fixed monthly payment that you owe no matter how much revenue your agency brought in that month. If you have a slow month, that fixed payment can be a huge burden.
A cash advance is different because it’s not a loan. Instead of a fixed payment, you repay the advance with an agreed-upon percentage of your daily sales. This means your payment amount adjusts with your cash flow. When business is booming, you pay back a bit more. When things are slow, you pay back less. This flexibility is a major advantage for home care agencies whose income can fluctuate.
Understanding Fees and Total Cost
When you get a cash advance, you won’t see a traditional interest rate. Instead, the cost is calculated using something called a factor rate. This might sound complicated, but it’s actually very simple. The factor rate is a multiplier that determines the total amount you’ll pay back. For example, if you receive a $20,000 cash advance with a factor rate of 1.2, you’ll repay a total of $24,000 ($20,000 x 1.2). The cost of the funding is a flat $4,000. The best part is that this total cost is clear from day one. There are no hidden fees or compounding interest to worry about, which gives you complete transparency into what you owe.
Repayment Flexibility vs. Fixed Terms
The way you repay a cash advance is what truly sets it apart from a loan. With a loan, you’re locked into a fixed payment amount that’s due every month, regardless of your revenue. If you have a slow month waiting for reimbursements, that fixed payment can create a lot of stress. A cash advance, on the other hand, works with your agency’s cash flow. You repay the advance with a small, agreed-upon percentage of your daily sales. This means when business is strong, you pay back a little more, and when things are slow, you pay back less. This built-in flexibility protects your agency from financial strain during leaner times and is a huge advantage for managing the unpredictable payment cycles common in the home care industry.
How Do I Repay a Cash Advance?
The repayment process for a cash advance is designed to be simple and work with the natural rhythm of your business. After you receive your lump sum of cash, a small percentage of your daily revenue is automatically used to pay back the advance. You don’t have to remember to write a check or make a manual payment.
For example, if you agree to a 10% repayment rate, then 10% of your daily deposits will go toward repayment. This continues until the advance is fully paid. Because the payment is a percentage, it never takes more than your business can afford. This automated and flexible system helps you cover important expenses without putting a strain on your day-to-day operations. If this sounds like a good fit, you can easily get funding to see what you qualify for.
Cash Advance Myths vs. Reality
A few misunderstandings about cash advances keep some agency owners from exploring them. One common myth is that they are only for businesses with poor credit. The truth is, agencies with all kinds of credit histories use cash advances because they value the speed and accessibility over the lengthy process of a bank loan.
Another misconception is that a cash advance is just a high-interest loan in disguise. As we’ve covered, they are fundamentally different. The repayment structure isn’t based on an interest rate or a fixed term but on your future sales. This key difference provides a level of flexibility that loans simply don’t offer, making it a practical choice for many healthy, growing businesses.
What Can You Use a Cash Advance For?
Once the funds are in your account, you can use them for any business expense that helps your agency run smoothly and grow. There are no restrictions, which gives you the freedom to direct the money where it’s needed most.
For home care agencies, this often means:
- Making payroll on time, every time: Ensure your dedicated caregivers are always paid promptly.
- Covering operating costs: Pay for rent, utilities, insurance, and other daily expenses without stress.
- Hiring more staff: Bring on new caregivers to serve more clients and expand your business.
- Investing in marketing: Run campaigns to attract new clients in your community.
- Buying supplies and equipment: Purchase necessary medical supplies, software, or office equipment.
Comparing a Cash Advance to Other Funding Options
A cash advance is a fantastic tool for getting funds quickly, but it’s not the only option out there. Understanding the different ways you can get capital for your agency will help you make the best choice for your specific situation. Each type of funding has its own set of rules, benefits, and drawbacks. Let’s walk through some of the most common alternatives so you can see how they stack up against the flexibility of a cash advance. This will give you a clear picture of the financial landscape and help you decide which path is right for your agency’s growth.
Traditional Term Loans
When you think of business funding, a traditional bank loan is probably what comes to mind first. You apply, get approved for a specific amount, and then pay it back in fixed monthly installments over a set period. The predictable payments can be nice for budgeting if your agency has very stable, consistent income. However, that fixed payment is due every month, whether you had a great month or a slow one. For a home care agency dealing with unpredictable payment cycles from Medicaid or private clients, a rigid loan payment can become a heavy burden during a cash flow dip, which is a major difference from a cash advance’s flexible repayment.
Business Line of Credit
A business line of credit works a lot like a credit card. Instead of getting a single lump sum, you’re approved for a certain amount of credit that you can draw from whenever you need it. You only pay interest on the money you actually use, and as you pay it back, your available credit goes back up. This can be a great financial safety net for covering unexpected costs or bridging small income gaps. Many lenders offer lines of credit up to $100,000. It provides flexibility, but you still need to go through an approval process that often looks at your credit history and business financials, which can take time.
Invoice Financing
Invoice financing, sometimes called invoice factoring, is a way to get cash for your unpaid invoices without waiting for clients or insurance to pay. You essentially sell your outstanding invoices to a financing company for a fee. They give you a large percentage of the invoice amount upfront—often up to 95%—and then you get the rest, minus their fees, once your client pays. This can be a good solution if your main problem is waiting weeks or months for reimbursement. However, the fees can add up, and some agency owners don’t like having a third party involved in their client billing process.
SBA Loans
SBA loans are backed by the U.S. Small Business Administration, which makes them less risky for lenders. Because of this government guarantee, they often come with some of the lowest interest rates and longest repayment terms available, sometimes stretching up to 25 years. This can result in very low monthly payments, which is appealing for managing long-term growth projects. The downside is that the application process is famously slow and requires a lot of paperwork. You’ll typically need a strong credit score and a solid financial history to qualify for the best terms.
Standard SBA Loans vs. Microloans
Within the SBA program, there are different types of loans. Standard SBA loans, which can be quite large, usually require a good credit score (often 680 or higher), at least two years in business, and significant annual revenue. For newer or smaller agencies, these requirements can be hard to meet. That’s where SBA microloans come in. These are smaller loans, typically up to $50,000, with more flexible requirements. It’s sometimes possible to get a microloan with a lower credit score or even no credit history, making them a more accessible starting point for agencies that don’t qualify for a standard SBA loan.
Specialized Loan Products
Some financial companies focus specifically on certain industries, including home healthcare. These lenders understand the unique challenges of your business, like delayed reimbursements and the need to make payroll consistently. Because they know the industry, their loan products are often designed to be faster and more flexible than what a traditional bank might offer. For example, some specialized lenders can provide approvals on the same day and get you the money in just a few days. This speed is a major advantage when you have an immediate need or opportunity.
Bridge Loans
A bridge loan is a short-term financing option designed to “bridge the gap” until you can secure a larger, long-term loan. For instance, maybe you’ve been approved for an SBA loan, but it’s going to take another month or two for the funds to arrive. If you need money right now to keep your agency growing, a bridge loan can provide the capital to hold you over. These loans are typically easier to get than long-term financing, but they usually have higher rates because of their short-term nature. They are a specific tool for a specific situation: when you have funding on the way but need cash immediately.
Why Your Home Care Agency Needs Access to Quick Funding
Running a home care agency means you’re managing a lot of moving parts, and money is a big one. Unlike other businesses, you often have to wait weeks or even months for payments to come in from insurance companies and government programs. This delay can create serious cash flow problems, making it tough to run your business smoothly. Quick funding isn’t just a nice-to-have; it’s often essential to keep your doors open and your clients cared for. A cash advance provides the stability you need to handle expenses, pay your team, and even grow your agency without the long wait times of a traditional bank loan.
Bridge the Gap from Slow Insurance Payments
If you work with clients who use Medicaid, Medicare, or private insurance, you know the waiting game all too well. You provide the care upfront, but the reimbursement can take a long time to arrive. This gap between doing the work and getting paid can put a huge strain on your finances. A merchant cash advance acts as a bridge, giving you the money you need to operate while you wait for those slow payments to clear. It’s a practical way to keep your cash flow steady so you can focus on providing excellent care instead of worrying about when the next check will arrive.
Easily Cover Your Everyday Operating Costs
Your agency has daily expenses that can’t wait for a late insurance payment. Rent for your office, utility bills, software subscriptions, and basic supplies like gloves and masks all need to be paid on time. A cash advance gives you the flexibility to cover these essential operating costs without stress. The funds can be used for anything your business needs to run efficiently. This means you can keep the lights on, the office stocked, and your operations running smoothly, ensuring your caregivers have everything they need to do their jobs well.
Make Payroll on Time, Every Time
Your caregivers are the heart of your business, and they depend on you for a reliable paycheck. Missing or delaying payroll is simply not an option, as it can damage morale and lead to you losing your best staff. Proper cash flow management is key, but when payments are slow, it can be nearly impossible to cover payroll on your own. A cash advance ensures you have the funds to pay your dedicated team on time, every single time. When you get the funding you need, you can maintain a happy, motivated team that provides the best possible care to your clients.
Stay Prepared for Unexpected Expenses
In business, unexpected costs are bound to pop up. A company vehicle might break down, essential medical equipment could fail, or you might face a sudden repair bill for your office. These emergencies require immediate cash that you might not have on hand, especially if you’re waiting on payments. A merchant cash advance provides a quick financial safety net to cover these urgent expenses without derailing your budget. You can handle the problem right away and get back to business, avoiding the lengthy approval process that comes with a traditional bank loan.
Fueling Your Agency’s Growth
Are you ready to take your agency to the next level? Growth requires investment. You might want to hire more caregivers to take on new clients, launch a marketing campaign to reach more families in your community, or expand your services into a new area. A cash advance can provide the capital you need to seize these opportunities. Instead of letting limited cash flow hold you back, you can secure the funds to invest in your agency’s future. This helps you grow your business, enhance the quality of your services, and build a stronger, more successful organization.
How to Get a Cash Advance
Getting a cash advance for your home care agency is much more straightforward than you might think. Unlike the long, complicated process of applying for a traditional bank loan, a cash advance is designed to be quick and simple. The goal is to get you the funds you need to cover payroll, manage expenses, and keep your agency running smoothly without the headache of endless paperwork and long waiting periods. Let’s walk through the process step-by-step so you know exactly what to expect.
What You Need to Qualify
One of the biggest reliefs for many agency owners is that qualifying for a cash advance is often easier than securing other types of funding. Providers look at the overall health of your business, primarily your daily and monthly revenue, rather than focusing strictly on your credit score. This means that even if your credit history isn’t perfect, you can still be eligible. The main requirement is having a consistent flow of revenue from your clients, whether it’s from private pay or insurance reimbursements. This flexible approach makes funding accessible to more home care agencies who need it.
Credit Score Requirements
Many people think you need a perfect credit score to get business funding, but that’s not the case with a cash advance. There’s a common myth that this type of funding is a last resort for businesses with bad credit. The reality is that agencies with great credit, good credit, and not-so-great credit all use cash advances. Why? Because they prioritize speed and convenience. When you need to make payroll by Friday, you don’t have time to wait weeks for a bank to review your application. A cash advance is about getting access to your future earnings quickly, making your business credit score less of a barrier.
Time in Business and Revenue
When you apply for a cash advance, the provider is most interested in one thing: your agency’s revenue. They want to see that you have a steady stream of income, which shows your business is healthy and can comfortably handle the repayment. This is great news because it means they aren’t just focused on how long you’ve been in business or your credit history. As long as you can show consistent deposits from private pay clients, Medicaid, or other insurance reimbursements, you have a strong chance of being approved. This focus on your actual business performance, not just numbers on a report, makes funding much more accessible for hardworking agency owners.
What Paperwork Do You Need to Apply?
Forget about stacks of complicated forms. Applying for a cash advance usually requires just a few key documents that you likely already have on hand. The application itself is typically a simple one-page form. Alongside the application, you’ll usually be asked to provide a few recent business bank statements and your merchant processing statements if you accept credit cards. This information helps the funding provider understand your agency’s cash flow and determine how much of an advance you can comfortably repay. The goal is to make the process as painless as possible so you can get back to caring for your clients.
A Step-by-Step Guide to Applying
The application process is designed for busy agency owners like you. It’s fast, digital, and can be done in just a few minutes. First, you find a provider that understands the home care industry. Then, you fill out a simple application online with some basic information about your business. After you submit the application and your supporting documents, the provider will review your information. If you’re approved, you’ll receive a clear offer outlining the advance amount and repayment terms with no hidden fees. Once you accept the offer, the process moves to the final stage: getting your funds.
How Fast is the Approval Process?
This is where a cash advance truly shines, especially when you have urgent needs like making payroll. While bank loans can take weeks or even months to get approved, a cash advance is built for speed. Because the qualification criteria are based on your revenue and the paperwork is minimal, approvals can happen very quickly. Many home care agencies are approved within the same business day they apply. This rapid turnaround time means you can solve cash flow problems almost as soon as they appear, giving you incredible peace of mind.
When Will You Receive Your Funds?
Once your application is approved and you’ve accepted the terms, you won’t have to wait long to see the money. The funds are typically deposited directly into your business bank account, often within 24 to 48 hours. There are no checks to wait for or complicated transfer procedures. The money is sent right where you need it, ready for you to use for payroll, supplies, marketing, or any other business expense. This final step is just as quick and efficient as the rest of the process, ensuring you get the capital you need without any delay.
Smart Steps to Take Before Accepting Funding
Getting approved for funding is an exciting moment. It feels like your plans for growth are finally within reach. But before you sign on the dotted line, it’s important to take a step back and make sure you’re choosing the right option for your agency. Not all funding is created equal, and the one you choose can have a big impact on your business down the road. Taking the time to understand the terms, compare your offers, and consider all your alternatives is a smart move that will set you up for success. Think of it as doing your homework to ensure you’re making a confident and informed decision for the future of your home care business.
Understanding the Role of Collateral
When you start looking at traditional loans, you’ll likely hear the term “collateral.” In simple terms, collateral is something valuable you own—like your office building, equipment, or even your home—that you pledge to a lender as security for a loan. If you can’t pay the loan back, the lender has the right to take your collateral. While offering collateral can sometimes help you get approved for a loan, it adds a significant amount of risk. One of the main reasons many agency owners prefer a merchant cash advance is that it’s unsecured, meaning you don’t have to put your valuable assets on the line. Your eligibility is based on your revenue, not what you own.
How to Compare Different Funding Offers
When you have different funding offers in front of you, it’s tempting to just look at the lump sum you’ll receive. However, it’s crucial to compare the full picture. Look at the total amount you will be required to pay back and how the repayment structure works. A traditional loan will have a fixed monthly payment, which can be tough to manage during a slow month. A cash advance, on the other hand, has flexible repayments that are tied to a percentage of your daily sales. Make sure you get a clear breakdown of any fees and ask questions until you feel completely comfortable. A trustworthy funding partner will provide clear, upfront pricing with no surprises.
Considering Personal Funding Sources
For some agency owners, turning to personal finances or close relationships for funding can seem like the easiest path. Options like using your home’s equity or borrowing from a family member can provide the cash you need without involving a financial institution. While these methods can work in some situations, they also come with unique risks that can blur the lines between your business and personal life. It’s essential to weigh the convenience against the potential downsides, as these decisions can have lasting consequences for your financial security and your most important relationships. Let’s look at two common personal funding sources in more detail.
Home Equity Financing
If you own your home and have built up equity (meaning it’s worth more than you owe on it), you might be able to borrow against that value. This is often done through a home equity loan or a line of credit. The main advantage is that you can often access a large amount of cash with a long repayment period. However, the risk is incredibly high. Because you are using your home as security, you could lose it if you are unable to pay back the loan for any reason. Before you consider this option, think carefully about whether you are willing to put your family’s home on the line for your business.
Loans from Family and Friends
Borrowing money from people who know and trust you can be a great way to get funding, especially when your business is just starting out. They may offer you better terms than a traditional lender, and the process is certainly less formal. However, mixing money and personal relationships can be tricky. To avoid misunderstandings or hurt feelings, it’s critical to treat it as a formal business arrangement. Put everything in writing: the loan amount, the repayment schedule, and what happens if you’re late on a payment. This protects both you and your loved one and helps ensure your relationship stays strong long after the funds are repaid.
How to Manage Your Cash Advance Wisely
Getting your funds is a huge relief, but what you do next is what truly sets your agency up for success. A cash advance is a powerful tool, and like any tool, using it effectively makes all the difference. Managing your advance wisely isn’t about complicated spreadsheets or financial wizardry; it’s about having a clear, simple plan. By focusing on a few key areas, you can make sure every dollar works hard for your business, helping you cover immediate needs while building a stronger foundation for the future. Let’s walk through the practical steps to make the most of your funding.
Start with a Simple Spending Plan
Before you spend a single dollar, take a moment to create a simple budget. This doesn’t need to be complicated. Just grab a notebook or open a document and list your agency’s most pressing needs. Is it making payroll? Buying essential supplies? Covering rent? Prioritize these expenses and assign a portion of your cash advance to each one. Having a clear plan helps you stay focused and ensures the money goes exactly where it’s needed most. Think of it as a roadmap for your funds, guiding you toward your most important financial goals and preventing impulse spending that won’t help your agency grow.
Keep an Eye on Your Cash Flow
Think of cash flow as the heartbeat of your agency—it’s the rhythm of money coming in and going out. A cash advance is fantastic for bridging gaps, but it’s also important to monitor your daily and weekly finances. A great way to improve your cash flow is to tighten up your billing cycle. The faster you can bill for completed patient visits and send invoices to payers, the more consistent your income will be. Using simple home care management software can help automate this process, ensuring you get paid faster and reducing the need for future funding.
Making Sense of Your Payment Deductions
One of the best things about a merchant cash advance is how repayment works. It’s not a traditional loan with a fixed monthly payment that’s due no matter how your month went. Instead, a small, agreed-upon percentage of your daily revenue is used to pay back the advance. This means on days when you bring in more money, you pay a bit more, and on slower days, you pay less. This flexible structure is designed to work with your agency’s natural cash flow, not against it, making it a much more manageable way to handle repayment without straining your budget.
Work with Your Funding Provider as a Partner
Think of your funding provider as a partner in your agency’s success. We’re not just here to provide funds; we’re here to support you. A good funding partner understands the unique challenges of the home care industry, from unpredictable Medicaid payment schedules to private pay cycles. Don’t hesitate to ask questions and be open about your agency’s needs. We can help you make informed decisions that maximize the benefits of your cash advance. When you’re ready, you can get funding from a team that truly gets what you do and is invested in seeing you thrive.
Create a Plan for Your Funds
With your budget in hand, you can confidently decide where the money goes. A cash advance is a practical solution for covering all sorts of business needs. You might use it to cover urgent payroll, invest in new scheduling software, or purchase necessary medical supplies. Many agencies also use the funds to launch a marketing campaign to attract new clients or to hire more caregivers to expand their services. Focus on using the funds for expenses that will either stabilize your operations or directly contribute to your agency’s growth. This strategic approach ensures your advance provides both immediate relief and long-term value.
Putting Your Cash Advance to Work for You
Once the funds are in your account, it’s time to put them to work. A cash advance is a tool, and using it wisely can make a huge difference for your agency’s future. Think about your most pressing needs first, but don’t forget to consider how this money can help you grow. By planning where every dollar goes, you can turn a short-term cash infusion into long-term stability and success. Here are five smart ways to use your home care business cash advance.
Invest in Your Most Important Asset: Your Staff
Your caregivers are the heart of your business, and making sure they’re paid on time is non-negotiable. A cash advance provides a practical business financing solution for covering payroll, especially when you’re waiting on slow insurance or Medicaid payments. Using the funds to meet these urgent expenses keeps your team happy and motivated, which reduces turnover and ensures your clients receive consistent, high-quality care. When your staff feels secure, they can focus on what they do best: caring for others. This stability builds a strong reputation for your agency as a reliable and caring employer.
Upgrade Your Equipment and Stock Up on Supplies
Every home care agency has a list of things it needs to run smoothly. Maybe it’s new medical supplies, updated software for scheduling, or even a more reliable car for client visits. A cash advance is flexible, meaning the funds can be used for anything that will help your business operate better. You don’t need to wait or put off important purchases that could improve your efficiency and the quality of your care. Investing in the right tools allows your team to do their jobs more effectively and safely, which directly benefits the clients who depend on you.
Market Your Business to Find New Clients
If you want to grow, you need a steady stream of new clients. A cash advance can provide the money you need to invest in marketing. You could use it to build a professional website, run local online ads, or print brochures and flyers for community centers and doctors’ offices. Smart home care financing allows you to reach more families in your area who need your services. Investing in marketing isn’t just an expense; it’s a direct path to increasing your revenue and making a bigger impact in your community.
Create a Financial Cushion for Your Business
The home care industry often deals with unpredictable payment cycles, which can make managing cash flow a constant challenge. Use a portion of your cash advance to create a financial cushion for your business. This safety net can help you handle unexpected costs, like a sudden repair or a dip in client hours, without stress. Being proactive with a cash reserve gives you peace of mind and the flexibility to make decisions based on what’s best for your agency, not just what you can afford at the moment.
Set Your Agency Up for Long-Term Success
While a cash advance is great for immediate needs, it can also be a stepping stone for your agency’s future. Think about your bigger goals. Do you want to expand your service area, hire an administrative assistant to free up your time, or get certified in a specialized type of care? Use this funding to take the first step. Planning for growth ensures you’re not just surviving but thriving. Consulting with financial partners and thinking strategically helps you make informed decisions and maximize the benefits of your funding. When you’re ready to take the next big step, you’ll know how to get funding to make it happen.
Frequently Asked Questions
How is this different from a regular bank loan? The biggest difference is in how you pay it back. A bank loan requires a fixed payment every month, regardless of how much money your agency brought in. A cash advance is more flexible. You pay back a small, agreed-upon percentage of your daily revenue. This means when business is slow, you pay back less, and when it’s busy, you pay back a bit more. It’s designed to work with your cash flow, not against it.
What will this actually cost my agency? Instead of a traditional interest rate that adds up over time, a cash advance has a clear, upfront cost. You’ll know the exact total amount you’re expected to pay back before you agree to anything. The cost is simply the difference between the cash you receive and the total amount you pay back. There are no hidden fees or surprise charges to worry about down the line.
Will the daily payments hurt my agency’s cash flow? The repayment process is specifically designed to prevent that from happening. Because the payment is a small percentage of your daily income, it automatically adjusts to your agency’s financial rhythm. On days when you have lower revenue, the payment is smaller, so it never takes more than your business can comfortably handle. This helps you avoid the stress that comes with a large, fixed bill looming when cash is tight.
What if my personal credit score isn’t great? While your credit history is part of the picture, it’s not the main thing we look at. We’re more interested in the overall health and revenue of your home care agency. A consistent history of client payments and steady cash flow are much more important than a perfect credit score. This approach makes funding available to many agency owners who might not qualify for a traditional bank loan.
This sounds fast and simple. What’s the catch? There really isn’t one. It’s a different type of funding built for the speed that business owners actually need. It’s faster than a bank loan because the approval process focuses on your recent business performance, not years of financial history and paperwork. The cost reflects the speed, convenience, and accessibility of the funds, and everything is explained clearly in your offer so you can make the best decision for your agency.
