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Working Capital Cash Advance Program

Medical Cash Advance Program

(CAP)

Our Cash Advance Program (CAP) formerly know as MEPA, is a new financial product being offered by LPI Healthcare Financial Services that effectively replaces Medical Account Receivable financing. CAP is a specialized funding program for the healthcare industry that will provide an immediate source for working capital funding. CAP is an easier, less expensive and more flexible form of financing.

CAP was developed to meet the financial needs of the Medical and healthcare professional that has relied on a traditional finance funding source, with CAP, Healthcare Professionals are able to leverage ALL of their electronic receivables to obtain financing and are freed from the burden of collateralizing specific invoices, which are usually backed by a personal guarantees to satisfy the financing needs of the operating of the business.

What is CAP:

Our Cash Advance Program (CAP) is an advance based on any electronic means by which money is deposited into the banking account(s) for the practice each month. Credit cards, insurance 3^rd party payments, patient financing, scanned checks and ACH direct deposits can all be considered.

CAP is not a loan. It is an up-front lump sum cash payment.

Most advances are utilized for smaller dollar amounts (less than 50K) and paid back over a period of 6 - 8 months. Advances can also be structured for larger dollar amounts and paid back over a longer amount of time 10-12 months. Advances used to inject equipment and or capital improvements into the practice have stronger approval ratings and generally more favorable rates.

CAP offers an immediate, low personal risk source of financing which is hard to find in today’s economy. Help your client obtain the liquidity they need in order to help their practice grow.

Benefits and Highlights of CAP:

No PG’s or liability
No collateral required
Not based on credit scores
Won’t appear on personal credit
No late fees
No maturity date
No checks to write
No fixed payment schedule
No final payment deadlines
Won’t affect ability to secure traditional financing
The advance does not show up as a loan on your credit
No UCC filings or liens on practice
No appraisals, hidden fees or costs
Funds can be used for any purpose necessary
Quicker to fund than traditional financing
Clients receive 100% of the funds they qualify for
100% of funds will be ACH into account at time of funding
Your client can receive the funds within 5 to 7 business days

Submittal Checklist

Complete statements for every business account, location or entity associated with the business operations of this application that you would like considered in determining cash advance amount.

Signed CAP Application

Detailed Write-Up

Last 6 Months Complete Business Bank Statements

Last 6 Months Complete Merchant Transaction Statements

Last 6 Months Complete Patient Financing Statements

Last 6 Months Complete Third Party Billing Statements

2009 Year Ending P&L and Balance Sheet