If you’ve ever tried to get a loan from a traditional bank, you know how frustrating it can be. They don’t understand the unique rhythm of a home care business. You spend valuable time explaining why your revenue fluctuates and why you’re waiting on large payments from Medicaid, only to be met with confusion or denial. You need a financial partner who already gets it. This guide is dedicated to helping you find them. We’ll explore funders who specialize in your industry and look at the best home health agency financing companies that have built their services around solving your specific cash flow problems.
Key Takeaways
- Choose a Partner Who Understands Home Care: Traditional banks often don’t grasp the delayed payment cycles of Medicaid and insurance, leading to slow and frustrating loan processes. A funding specialist who knows your industry can provide faster, more relevant financial solutions without the headache.
- Match Your Payments to Your Cash Flow: A merchant cash advance offers a practical alternative to fixed loan payments. You repay the advance with a small percentage of your future revenue, so you pay less during slow months and more when business is strong, protecting your cash flow.
- Think of Funding as a Strategic Tool: Accessing capital isn’t just for emergencies. Use it proactively to strengthen your agency by investing in better technology, hiring more caregivers, or expanding your services to attract new clients and build a more stable business.
Why Do Home Care Agencies Need Funding?
Running a home care agency is more than just a business—it’s a calling. You’re dedicated to providing compassionate care, but that dedication doesn’t pay the bills on its own. The reality is, managing money in this industry is tough. You have caregivers to pay every week, but you might wait weeks or even months for reimbursements from Medicaid, Medicare, or private insurance. This gap can put a serious strain on your operations.
Having access to extra funds isn’t a sign of failure; it’s a smart business move. It allows you to breathe easier, knowing you can cover payroll without stress. It also gives you the resources to grow. Maybe you want to hire more top-tier caregivers, invest in better scheduling software, or expand the services you offer to reach more clients in your community. The right funding partner helps you bridge the financial gaps so you can focus on what truly matters: providing excellent care.
Common Financial Hurdles for Agencies
The biggest financial challenge for most home care agencies is inconsistent cash flow. You have fixed expenses that need to be paid on a regular schedule, like payroll, rent, and insurance. However, your income is often unpredictable. A delay in a single large payment from an insurance provider can throw your entire budget off track. This makes it difficult to plan for the future or handle unexpected costs, like a sudden need for new medical equipment or a marketing campaign to attract new clients. Without a steady stream of cash, you’re always reacting to financial emergencies instead of proactively building a stronger agency.
Why Traditional Banks Often Aren’t the Answer
When you need money, your first thought might be to visit a local bank. Unfortunately, traditional banks often aren’t a great fit for home care agencies. The loan application process can be incredibly slow, involving mountains of paperwork and weeks of waiting for a decision. As the team at Greenbox Capital notes, this slow pace is a major problem when you need cash now to make payroll. Banks also may not understand the unique billing cycles of the home care industry. They see fluctuating monthly revenues and delayed insurance payments as risky, which often leads them to deny loans to perfectly healthy agencies.
The Advantage of a Home Care Funding Specialist
Instead of a traditional bank, consider a funding partner that specializes in the home care industry. These companies understand your business inside and out. They know about Medicaid reimbursement delays and the challenges of private pay cycles. Because they get it, they’ve designed funding options specifically for agencies like yours. They can look at your future earnings and provide a cash advance quickly, often within 24 to 48 hours. This allows you to get the cash you need to cover immediate expenses without the long waits and strict requirements of a bank loan. It’s a solution built for your reality.
Common Myths About Agency Financing
Many agency owners hesitate to seek funding because of a few common myths. The biggest one is that all financing comes with sky-high fees and hidden costs that will trap you in debt. While you should always read the fine print, reputable funding partners are transparent about their pricing. Another myth is that needing funding means your business is struggling. In reality, some of the most successful agencies use financing strategically to manage cash flow and fuel growth. It’s not a last resort; it’s a tool that gives you the flexibility to run your business with confidence and peace of mind.
The Best Financing Companies for Home Care Agencies
Choosing a funding partner is a big decision, and the right one can make all the difference in managing your agency’s cash flow and growth. Not all lenders are created equal. Some specialize in speed, getting you cash in as little as a day, while others offer specific loan types, like government-backed SBA loans for major purchases. The best partner for your agency is one that truly understands the unique financial rhythm of the home care industry—from the long waits for Medicaid reimbursements to the unpredictable nature of private pay cycles.
We’ve reviewed some of the top financing companies that serve home care agencies to help you find a great fit. Think of this as your starting point for comparing options. Each of these companies brings something different to the table, whether it’s deep industry expertise, flexible funding products, or lightning-fast approvals. As you read through, consider what your agency needs most right now. Is it immediate cash for payroll, or are you planning a long-term expansion? Knowing your goals will help you spot the right financial partner to help you achieve them.
Funding4HomeCare
Funding4HomeCare is built specifically for home care agencies that need to bridge the gap between billing and getting paid. They understand that waiting on insurance or government payments can put a serious strain on your operations. Their solution is a merchant cash advance that turns your unpaid invoices into cash you can use right away. You can get funding to cover payroll, hire more caregivers, or invest in growth, often within 24 to 48 hours. Because they focus only on home care, they know the industry inside and out and offer clear, straightforward pricing without any hidden fees.
Greenbox Capital
If speed is your top priority, Greenbox Capital is a strong contender. They are known for their incredibly fast approval process, often getting funds into an agency’s bank account in as little as 24 hours. This can be a lifesaver when an unexpected expense pops up or you need to make payroll on a tight deadline. Unlike traditional banks that can take weeks or even months, Greenbox Capital streamlines the process. They also have a reputation for approving a wider range of home health care agencies for funding, making them a reliable option if you’re worried about qualifying elsewhere.
Byline Bank
For agencies planning bigger moves like buying another business, purchasing property, or funding a major expansion, Byline Bank is worth a look. They specialize in offering home health care SBA loans, which are government-backed loans that often come with favorable terms and lower interest rates. Because Byline Bank has a dedicated focus on the home health sector, their team understands the specific financial needs and challenges of agencies. This industry expertise makes them a valuable partner for securing the kind of substantial, long-term financing needed for significant growth projects.
HealthRev Partners
HealthRev Partners offers flexible financing designed to help home care, hospice, and palliative care agencies manage their cash flow effectively. They provide a couple of key options, including lines of credit up to $100,000 and the ability to get an advance of up to 80% on your approved patient bills. This gives you immediate access to cash that would otherwise be tied up in accounts receivable. Their home care agency loans are structured to help you cover daily operational costs, invest in new opportunities, and keep your agency on a stable financial footing without having to wait weeks for payments to come through.
Oak Street Funding
Oak Street Funding has built a solid reputation over the years as a specialized lender for the healthcare industry, including home health agencies. While they serve a broad range of healthcare providers, their core focus is on providing financial solutions that improve cash flow and support business growth. They are known for understanding the complexities of healthcare billing and revenue cycles. For an agency owner looking for a well-established and trusted financial partner, Oak Street Funding offers the stability and industry knowledge that can help you achieve your long-term business goals.
What Are Your Funding Options?
When you need money for your home care agency, it can feel like you’re staring at a confusing menu of options. But don’t worry—it’s not as complicated as it looks. Think of it like this: different situations call for different tools, and the same is true for funding. The best choice for your agency depends entirely on what you need the money for, how quickly you need it, and your agency’s financial picture.
Some funding options are great for getting cash in your hands fast to cover an urgent payroll, while others are better for long-term investments like expanding your services. You might be dealing with the classic headache of waiting on slow payments from insurance or Medicaid, or maybe you’re ready to hire more caregivers to meet growing demand. Each of these challenges has a funding solution that fits. We’ll walk through the most common types of financing so you can get a clear picture of what’s out there. Understanding these basics will help you feel confident when you decide it’s time to get the funding you need to keep your agency running smoothly and growing strong.
Merchant Cash Advances
A merchant cash advance (MCA) is one of the fastest ways to get working capital for your agency. Here’s how it works: a funding company gives you a lump sum of cash upfront. In return, you agree to pay it back using a small, fixed percentage of your future revenue. It’s a simple and straightforward way to get funds without the long waits and mountains of paperwork that come with traditional loans.
This option is especially helpful if your agency’s income fluctuates. Because your payments are a percentage of your daily or weekly sales, you pay back less during slower periods and a bit more when business is booming. This flexibility can be a lifesaver for managing cash flow.
Invoice Factoring
If your biggest headache is waiting for clients or insurance companies to pay their invoices, invoice factoring might be the right fit. With this option, you sell your unpaid invoices to a factoring company at a small discount. The company gives you most of the invoice amount right away—often within a day or two. They then collect the full payment from your client later.
This isn’t a loan; you’re simply getting paid faster for the work you’ve already done. It’s a popular way for home care agencies to improve their cash flow and stop worrying about when those big checks will finally arrive. You get the money you need to cover payroll and other expenses without taking on new debt.
Lines of Credit
A business line of credit works a lot like a credit card. You get approved for a certain amount of money that you can draw from whenever you need it. You only pay interest on the funds you actually use, and as you pay it back, your available credit goes back up.
This gives you a flexible safety net for your business. It’s perfect for covering unexpected expenses, like a sudden repair, or for managing smaller, short-term cash flow gaps. A line of credit is great to have in your back pocket for peace of mind, giving you quick access to cash exactly when you need it without having to apply for a new loan each time.
Traditional Business Loans
When you think of business funding, a traditional loan from a bank is probably what comes to mind. These loans, including those backed by the Small Business Administration (SBA), can offer large sums of money with lower interest rates and long repayment periods. They are often used for major investments, like buying a building or making a significant expansion.
However, the application process can be slow and demanding. Banks typically require a strong credit history, years of business records, and sometimes even collateral. For many home care agencies, especially newer ones or those with less-than-perfect credit, meeting these strict requirements can be a major hurdle, making it difficult to get approved.
Equipment Financing
If you need to purchase specific items for your agency—like specialized medical equipment, company vehicles, or new computer systems—equipment financing is designed for exactly that. This type of loan allows you to buy the tools you need to provide top-notch care without paying for everything out of pocket.
The best part is that the equipment you’re buying usually serves as the collateral for the loan. This can make it easier to qualify for than other types of funding. It’s a practical way to get the essential assets your agency needs to operate efficiently and grow, while spreading the cost out over time.
How to Pick the Right Funding Partner
Choosing a funding partner is a big decision, and not all lenders are the right fit for a home care agency. The right partner does more than just provide cash; they understand your business and want to see you succeed. When you’re comparing options, it’s easy to get overwhelmed by numbers and promises. To make a confident choice, focus on a few key areas that truly matter for your agency’s health and growth.
Think about what you need most. Is it speed to cover payroll this Friday? Or is it a partner who gets the headaches of waiting on Medicaid payments? Look for a company that specializes in the home care industry, can get you funds quickly, offers flexible terms, provides real human support, and is upfront about all the costs involved. Getting clear on these five points will help you find a partner you can trust.
Look for Home Care Experience
When you’re looking for funding, you want a partner who speaks your language. A lender with specific experience in the home care industry already understands your world. They know about the unpredictable timing of Medicaid and Medicare reimbursements and the challenges of managing private pay cycles. You won’t have to waste time explaining why your cash flow has gaps; they’ll already have solutions designed for that exact problem.
A partner who knows home care can process your application faster and offer more relevant funding options. They’ve worked with agencies just like yours and can provide support that’s actually helpful. This inside knowledge is invaluable and can make the entire funding process smoother and more effective for your business.
How Fast Can You Get Cash?
When you need money for payroll or to cover an unexpected expense, waiting weeks for a bank to approve a loan isn’t an option. The speed at which you can access funds is one of the most important factors to consider. Many traditional lenders have long, complicated application processes that can leave you hanging when you need help the most.
Look for a funding partner that offers a streamlined process and can deliver cash quickly. Some alternative funders, especially those specializing in home care, can approve your application and have the money in your account within 24 to 48 hours. When you need to act fast, having a partner who can get you funding right away makes all the difference.
Check for Flexible Terms
Flexibility is key to managing the day-to-day realities of running a home care agency. Some loans come with strict rules about how you can use the money, which can tie your hands when new opportunities or challenges arise. The best funding partners give you the freedom to use the cash for whatever your business needs most.
Whether you need to hire more caregivers, invest in marketing to attract new clients, purchase new equipment, or simply cover operational costs while waiting for payments, you should be in control. A merchant cash advance, for example, provides a lump sum of cash that you can use without rigid restrictions, allowing you to direct the funds where they’ll have the greatest impact.
Is Their Team Helpful?
When you have a question about your funding, the last thing you want is to be stuck in an automated phone menu. A great funding partner has a responsive and knowledgeable team that’s easy to reach. You should feel like you’re working with a real person who is invested in your success, not just a faceless company.
Before you commit, test their customer service. Do they answer the phone? Do they respond to emails promptly? A helpful team can guide you through the application process and be there to answer questions long after you’ve received your funds. This human support can be just as valuable as the money itself, giving you peace of mind.
Understand the True Cost
The interest rate is just one piece of the puzzle. To understand the true cost of funding, you need to look at the complete picture. Some lenders attract clients with low introductory rates but hide extra charges in the fine print. Be on the lookout for application fees, origination fees, and other hidden costs that can add up quickly.
A trustworthy partner will offer clear, transparent pricing. They should be able to explain all the costs associated with your funding in simple terms. Ask for a complete breakdown of fees and learn about the total cost of a loan before you sign anything. The goal is to find affordable financing with no surprises, so you can focus on running your agency.
What Do You Need to Qualify for Funding?
Thinking about applying for funding can feel overwhelming, but it’s usually more straightforward than you might expect, especially when you work with a company that specializes in home care. Unlike traditional banks that have rigid, one-size-fits-all requirements, a specialist lender looks at the complete picture of your agency’s health. They understand the unique rhythm of your business, from delayed Medicaid payments to private pay cycles. The focus is less on hitting one perfect number and more on the overall strength and consistency of your operations. Let’s walk through what you’ll typically need to have ready.
What Paperwork Will You Need?
Forget the mountains of paperwork you might associate with a bank loan. The goal of a modern funding partner is to make the process quick and simple so you can get back to running your agency. Most applications are short and can be completed online in just a few minutes. After you submit your application, you can expect a quick call from a funding advisor to discuss your options. Generally, you’ll need basic documents like a few recent months of bank statements and your driver’s license. This helps funders verify your revenue and see the consistent cash flow your agency generates.
How Important Is Your Credit Score?
This is a big worry for many agency owners, but you can breathe a little easier here. While a strong credit score is always helpful, it’s rarely the only thing that matters. Funders who specialize in home care look beyond a single score to understand the real health of your business. They’ll review your daily sales, your cash flow, how long you’ve been operating, and your payment history with other vendors. A consistent track record of revenue and responsible financial management often carries more weight than a FICO score alone, giving you a fair shot at the funding you need.
Does Your Agency’s Age Matter?
While a brand-new agency that just opened its doors might face some challenges, you don’t need decades of history to qualify for funding. Most funders want to see that you have an established business with a proven track record. Typically, being in business for at least six months to a year is a good benchmark. This gives them enough history to see your revenue patterns and confirm that you have a steady stream of clients. The main goal is to show that your agency is stable and has consistent income, which demonstrates your ability to handle repayments successfully.
How Much Revenue Do You Need?
There isn’t a single magic number for revenue that guarantees approval. Instead, the amount of funding you can receive is directly related to your agency’s monthly income. Funders will look at your bank statements to see how much cash is consistently flowing into your business each month. This helps them determine a funding amount that your agency can comfortably repay without straining your finances. The healthier and more consistent your monthly revenue is, the more funding you’ll likely be able to access. It’s all about finding a responsible amount that helps you grow.
Are There Special Home Care Rules?
A funding partner who truly understands your industry knows that home care isn’t the same in every state. They recognize that state-specific licensing and regulations can impact everything from your startup costs to your payment rates. For example, operating in a state with complex rules might mean higher costs but also higher reimbursement rates. A specialist funder takes these nuances into account when reviewing your application. This industry-specific knowledge is a huge advantage because they understand your business context, unlike a generic lender who might not grasp why your cash flow looks the way it does.
Read the Fine Print: Costs and Terms Explained
Let’s be honest: nobody loves reading contracts. The pages of legal text and financial terms can feel overwhelming, especially when you’re busy running your home care agency. But taking a few minutes to understand exactly what you’re signing is one of the most important things you can do. A good funding partner will be completely transparent and happy to walk you through every line, but it helps to know what you’re looking for from the start.
Think of it less like a test and more like a checklist. You just need to confirm a few key details to make sure the funding agreement works for you and your agency’s goals. The total cost of funding isn’t just about one single number; it’s a combination of the rate, any associated fees, and the way you pay it back. Getting clear on these points helps you budget accurately and prevents any unwelcome surprises down the road. We’ll break down the four most important areas to review: the cost structure, extra fees, repayment plans, and potential hidden costs. This way, you can move forward with confidence, knowing you’ve found a true financial partner.
Interest Rates vs. Factor Rates
When you look at funding options, you’ll see different ways the cost is calculated. Traditional loans use an Annual Percentage Rate (APR), which shows the cost of borrowing over a full year. However, many alternative financing options, like a merchant cash advance, use a factor rate. A factor rate is a simple multiplier, like 1.2 or 1.4, that is applied to your advance amount to determine the total payback amount. For example, a $20,000 advance with a 1.2 factor rate means you’ll pay back $24,000. It’s a fixed cost that’s clear from day one, which can make budgeting much simpler for agencies that don’t qualify for traditional bank loans.
A Simple Guide to Fees
The best funding partners believe in upfront, honest pricing. You should never have to guess what you’ll owe. Before signing anything, ask for a complete list of all potential fees. Some companies charge application fees just to see if you qualify, or origination fees to set up the advance. At Funding4HomeCare, we believe in transparency, which is why we have no hidden fees. When you get funding from us, the cost we agree on is the cost you pay. A trustworthy partner won’t nickel-and-dime you; they’ll give you a clear, all-in price so you can make a smart financial decision for your agency.
How Will You Pay It Back?
Understanding how you’ll repay the funds is critical for managing your agency’s cash flow. Many merchant cash advances offer a flexible repayment structure that works with your revenue cycle. Instead of a fixed monthly payment that can be hard to make during a slow month, repayments are often made as a small, agreed-upon percentage of your daily or weekly sales. This means you pay back more when business is strong and less when it’s slow. This automatic process simplifies your bookkeeping and ensures your payments always align with your agency’s real-time income, taking one more thing off your plate.
Watch Out for Hidden Costs
Beyond standard fees, some agreements include clauses that can cost you extra later on. One of the most common things to watch for is a prepayment penalty. This is a fee some lenders charge if you decide to pay off your advance ahead of schedule. A truly flexible funding partner won’t penalize you for being financially successful. You should always ask, “Are there any fees if I pay this back early?” Also, inquire about late payment fees or any other charges that might apply. A transparent partner will have clear, simple answers and won’t hide costs in the fine print.
Put Your New Funds to Work
Getting approved for funding is a huge step, but what you do next is what truly matters. Having a clear plan for your cash advance ensures that every dollar works hard for your agency, your caregivers, and your clients. Think of this capital as a tool to solve your most pressing challenges and build a stronger, more stable business for the future.
Instead of just patching holes, you can use these funds strategically to create lasting improvements. Whether your biggest headache is making payroll during a slow payment cycle or you’re ready to grow but lack the resources, a cash advance gives you the breathing room to make smart decisions. Let’s walk through some of the most effective ways you can put your new funds to work to strengthen and expand your home care agency. With a little planning, you can turn this financial opportunity into a major turning point for your business.
Smooth Out Your Cash Flow
If you’re tired of the stress that comes from waiting on Medicaid, Medicare, or private insurance payments, this is your top priority. A cash advance gives you immediate access to capital, so you don’t have to put your business on hold while waiting for invoices to clear. You can finally get ahead of your expenses instead of constantly playing catch-up. Use the funds to cover payroll on time, every time, pay your rent and utility bills without worry, and handle any unexpected costs that pop up. This financial stability is the foundation for everything else, giving you peace of mind and the ability to focus on providing excellent care.
Plan for Smart Growth
Once your cash flow is stable, you can start thinking about growth. A cash advance can provide the resources you need to take your agency to the next level. You could invest in a local marketing campaign to attract new clients in your community or hire a salesperson to build relationships with hospitals and senior centers. Maybe you’ve been wanting to open a small office in a neighboring town to expand your service area. These are the kinds of strategic moves that contribute to the overall success of your organization, and having funds on hand makes them possible.
Invest in New Tech and Equipment
Are you still managing schedules with spreadsheets and paper files? Upgrading your technology can make your agency run much more smoothly. Use your funds to invest in modern scheduling software that simplifies logistics for your whole team. You could also purchase reliable vehicles for your caregivers or buy specialized medical equipment to better serve clients with specific health needs. These investments not only improve your efficiency but also show clients and caregivers that you run a professional, high-quality operation. When you’re ready to make these improvements, you can get funding to make it happen quickly.
Train and Retain Your Best Caregivers
High caregiver turnover can hurt your agency’s reputation and consistency of care. A cash advance allows you to invest in your most valuable asset: your people. You can use the funds to offer more competitive wages, provide performance bonuses, or pay for advanced training and certifications. When your caregivers feel valued and have opportunities to grow their skills, they are far more likely to stay with your agency long-term. This creates a more stable team, ensures you follow all healthcare rules, and ultimately leads to better, more reliable care for your clients.
Expand Your Services
Is there a growing need in your community that your agency could meet? Use your funding to add new services to your offerings. You could develop a specialized program for clients with Alzheimer’s or dementia, begin offering 24/7 live-in care, or add palliative care support. Expanding your services allows you to help more people and creates new revenue streams for your business. It also positions your agency as a versatile and essential resource in your community, helping you adapt to industry changes and secure your future success.
Your Step-by-Step Guide to Getting Funded
Applying for funding might seem like a huge task, but it’s much simpler when you break it down. Think of it as a clear path with just a few stops along the way. Whether you need to cover payroll during a slow payment cycle or want to expand your services, having a plan makes the process straightforward. Here’s a look at the key steps you’ll take to get the cash your agency needs to thrive.
First, Figure Out What You Need
Before you fill out any forms, take a moment to clarify exactly why you need the funds and how much you need. Are you trying to bridge the gap while waiting on Medicaid reimbursements? Do you want to hire two more top-notch caregivers? Maybe you’re planning to launch a new marketing campaign to attract more clients. Knowing your goal helps you ask for the right amount and gives you a clear plan for using the money. This simple step ensures the funding will directly contribute to the health and success of your agency.
Get Your Application Ready
The best funding partners make their applications quick and easy. You shouldn’t have to spend hours digging through paperwork just to apply. Most modern funders, including us, have a simple online form that takes just a few minutes to complete. Once you submit it, you can expect a quick response. For example, at Funding4HomeCare, one of our dedicated Funding Advisors will call you to discuss your options. The goal is to get you from application to approval without any unnecessary delays so you can get funding and get back to running your business.
Gather Your Documents
To get a clear picture of your agency’s financial health, funders will need to see a few key documents. This isn’t about judging your business—it’s about understanding your cash flow and ensuring the funding is a good fit. You’ll typically be asked for recent bank statements and proof of your monthly revenue. Funders look at the overall stability of your business, including how long you’ve been operating and your payment history with other vendors. Having these documents ready to go will make the process even faster.
How Long Does It Take?
When you need cash for payroll or an unexpected expense, you can’t afford to wait weeks for a bank to make a decision. That’s why speed is so important when choosing a funding partner. With a merchant cash advance designed for home care agencies, the timeline is much shorter. After you’re approved, you can often receive your funds in as little as 24 to 48 hours. This quick turnaround means you can solve urgent cash flow problems almost immediately and keep your operations running smoothly without interruption.
What Happens After You’re Approved?
Once the funds are in your account, you’re in control. Unlike traditional loans that often come with strict rules on how you can spend the money, a cash advance offers complete flexibility. You can use the funds for whatever your business needs most. Cover payroll, invest in new scheduling software, buy supplies, or expand your service area—the choice is yours. There are no restrictions, giving you the freedom to address your agency’s most pressing needs and invest in its future growth.
Frequently Asked Questions
How is a merchant cash advance different from a regular bank loan? Think of a merchant cash advance as a simpler, faster alternative to a bank loan. Instead of borrowing money and paying it back with interest over a set period, you receive a lump sum of cash in exchange for a small percentage of your future revenue. The repayment is flexible, adjusting to your agency’s income, which is a huge help when your cash flow isn’t always predictable.
What if my personal credit score isn’t perfect? That’s a common concern, but it’s usually not a deal-breaker. Funders who specialize in home care look at the overall health of your business, not just a single credit score. They are more interested in seeing consistent monthly revenue and a solid history of operations. A healthy business with a steady stream of income often qualifies even if the owner’s credit has a few bumps.
How quickly can I actually get the funds once I apply? When you need to make payroll or cover an urgent expense, speed is everything. Unlike banks that can take weeks to approve a loan, a funding partner focused on home care can move much faster. After a quick online application and a brief chat, you can often have the money in your bank account within 24 to 48 hours.
How does repayment work? Is it a fixed monthly bill? No, and that’s one of the biggest advantages. Instead of a fixed payment that can be tough to make during a slow month, your repayments are typically a small, agreed-upon percentage of your daily or weekly revenue. This means you pay back a little more when business is strong and less when it’s slower, so the payment always fits your agency’s cash flow.
Are there rules on how I can use the money? Once the funds are in your account, you have the freedom to use them for whatever your agency needs most. There are no strict limitations. Whether you need to cover payroll, invest in new scheduling software, launch a marketing campaign to find new clients, or buy supplies, the decision is entirely yours.
