|
Broker Program FAQ
Q: What types of clients should I refer to PRN Funding?
A: PRN Funding, LLC focuses exclusively on providing funding for companies that supply goods or services to healthcare staffing providers. If your clients' customers are hospitals, nursing homes, physicians' offices, etc. then PRN Funding has the answer for which your clients are looking. (Examples of prospective clients include: temporary nurse staffing agencies, medical transcription services, medical coding services and medical supply companies.)
Q: Can my client qualify if it is a new business or has a history of credit problems such as bankruptcy, IRS Liens or Judgments?
A: Yes! Unlike business loan requirements, we do not require a history of profitability, long operating history, personal collateral or any personal guarantees. What matters is the creditworthiness of your client's customers.
Q: Does PRN Funding loan my clients money?
A: No, PRN purchases your client's accounts receivable. We make an outright purchase of the financial rights to your client's invoices.
Q: What invoices qualify for purchase by PRN?
A: Any valid invoice for services already performed or goods sold to a creditworthy customer, government agencies included.
Q: Are there any restrictions on the size of the invoice or the location of my client and my client's customers?
A: No, we have no minimums or maximums and we can service anyone within the United States.
Q: Does my client have to sign a term contract with PRN?
A: No, PRN Funding provides the ultimate in flexibility. There are no binding term contracts so your client can factor invoices with us for any length of time after the client's PRN account has been established with us.
Q: How long will you pay me on a deal that I refer to you?
A: For any client that you refer to us, we will pay you for the lifetime of the deal.
Q: How involved do I have to be with the deal?
A: All you need to do is provide us with the contact and background information for your client. After you introduce PRN Funding to the client, we will get the deal done for your client. As a factoring company that is highly specialized in the healthcare staffing industry, if you bring us the right deal, we will close it.
Q: I have a client to refer to you, what is the first step?
A: It's simple. Contact us toll free at 866.776.5407 or click here to submit your contact information to receive our Broker Package. We will contact you immediately to discuss the next steps.
|
