Strategic Funding Launches New Financing Product For Healthcare Practices; Announces Partnership With Bankers Healthcare Group
NEW YORK, Sept. 19, 2017 /PRNewswire/ -- Strategic Funding announced today the launch of Helix, a financing product created to provide easy and fast funding to independent healthcare practices. Different from other alternative types of financing, Helix makes larger funding amounts and longer terms available to healthcare professionals. Funding amounts range from $10,000 - $500,000 and terms go out as far as 36 months. In addition, the Helix product comes with a risk matrix built specifically for healthcare businesses allowing for more customized financing options and quicker approvals.
As a part of this launch, Strategic Funding has partnered with Bankers Healthcare Group (BHG), a leader in the healthcare financing industry since 2001. Through this partnership, Strategic Funding and BHG will be able to offer an expanded set of financing products to their customers, and extend new options to practices that have seen little to no alternative financing options in the past.
"Over the past few years, we have seen independent healthcare and medical practices struggle due to lower insurance premiums and longer wait times for insurance payouts. The combination of these two situations has made it difficult for many practices to consistently maintain a cash flow. This lack of working capital has resulted in disrupted operation and, in too many cases, practices needing to close or be sold to larger institutions," said Andrew Reiser, CEO of Strategic Funding.
"We knew we wanted to create a product specifically tailored to meet the needs of the health care industry. Which is why we partnered with BHG. Leveraging their years of experience in the healthcare financing industry, we have created a product that makes sense for these practices," adds Reiser.
"We are thrilled to be partnering with Strategic," said Bob Castro, President and Co-founder of BHG. "Through this partnership we're able to expand financing options available for these practices. Healthcare professionals require financing built to work with the unique business challenges they face. This partnership allows us to do that. We can now offer financing for terms that have not been readily available in the past. It's a win-win for all involved."
To learn more about Helix visit: https://www.sfscapital.com/helix
ABOUT STRATEGIC FUNDING
Founded in 2006 and headquartered in NYC, Strategic Funding has been recognized by customers and the industry as one of the most reliable and respected names in small business financing. Since its inception, Strategic Funding has provided nearly $1.5 billion to small business owners across the country. With flexible financing options, the company provides small businesses with the working capital they need to take advantage of opportunities and grow. To learn more, visit www.sfscapital.com
ABOUT BANKERS HEALTHCARE GROUP
Bankers Healthcare Group provides innovative, hassle-free financial solutions exclusively to healthcare professionals. Since 2001, BHG has funded more than $3 billion to satisfied customers nationwide and worked with more than 110,000 practitioners. BHG is proud to maintain partnerships with leading healthcare industry associations, and is continually recognized for innovation, continued growth and being a best place to work. BHG is partially owned by Pinnacle Financial Partners (PNFP). To learn more, visit www.bankershealthcaregroup.com, and follow us on Twitter, LinkedIn and Facebook.
CONTACT: Bernadette Abel
Strategic Funding Source
[email protected]
(646) 722-1484
SOURCE Strategic Funding
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