If your current cash flow isn't adequate to fuel your growth or stay caught up on bills, dental invoice factoring is an ideal way to acquire working capital. With factoring, you receive up to 85% of your third party accounts receivables (insurance and government programs) in cash at the time of care. Instead of waiting up to 90 days to get paid, we pay you up front and we'll even wire it directly into your practice's bank account.
The OCF invoice factoring program is ideal for the dental professional who can't qualify for a conventional working capital loan or is growing at such a rate that additional funds are needed on an ongoing basis.
Funding is only limited by the amount of your third-party accounts receivable
No personal guarantees required
Qualification not based on practice profitability or owner's credit score
Fast application process
Up to 85% advances on third party invoices wired to your account immediately
Cash available for any business purpose you desire, including volume discounts on supplies purchased
How dental invoice factoring works
Once we receive your completed application and a few other documents, we will issue a quote within 48 hours which states the proposed terms, such as the advance rate, fee structure, and due diligence charge.
Once the due diligence audit is complete, a contract is drawn up and you're ready to submit billings for advances. Cash is wired directly to your bank account within 24 hours. When the invoices are paid by the insurance company or governmental agency, the remaining amount (the total collectible amount of the invoices less what we advanced to you) is wired to your account minus the factoring fee.
Get started with dental invoice factoring
Assuming we receive the signed application and other documents we request in good order, it generally takes about two to three weeks to get set up. Please click on the button below and take a minute to complete the simple form which helps us move forward with your request.
