Working Capital for Non-Emergency Medical Transportation
Non-emergency medical transportation companies run a fleet of wheelchair-accessible vehicles and ambulettes that must stay on the road to make scheduled patient appointments. Paz Funding Source gives medical transport businesses working capital for vehicles, drivers, and fuel between reimbursement cycles.
Approval in as little as 24 hours after you apply, with funds sent as soon as the next business day, so non-emergency medical transportation never wait on a bank.
Fixed daily or weekly payments sized to your sales, not a balloon due date. Medicaid and insurance reimbursements for patient trips are often paid weeks after the ride is completed, while fuel and driver payroll are due immediately.
Funding is a purchase of your future receivables, so you are not pledging equipment, property or personal assets. Wheelchair-accessible vans and ambulettes require specialized maintenance, and a vehicle out of service can mean missed patient appointments and lost trip revenue.
One approval, draw what you need, and return for additional funding as your non-emergency medical transportation business performs. Driver licensing, background checks, and required certifications add upfront costs before a new hire can start transporting patients.
Buy or repair the wheelchair-accessible vehicles a transport service depends on.
Cover the costs of licensing and certifying new drivers.
Cover fuel and payroll costs while waiting on Medicaid or insurance trip reimbursements.
Yes, working capital can cover fuel, payroll, and other costs while trip reimbursements are still being processed.
Yes, working capital can go toward vehicle purchases or repairs along with any other business expense.
A US business operating at least six months with $10,000 or more in monthly revenue, along with recent bank statements and an EIN.
Paz funds non-emergency medical transportation from $2,500 to $5,000,000. Most non-emergency medical transportation qualify for $20,000 - $200,000, based on monthly revenue and time in business rather than collateral.
A US business that has operated for at least six months with $10,000 or more in monthly revenue, your last three months of bank statements and your EIN. The application takes about five minutes, and there is no hard credit pull to get pre-qualified.
Non-Emergency Medical Transportation funding, approved in as little as 24 hours