It’s a good working relationship
This client is a prime contractor to the Army, Air Force and Navy providing healthcare and professional services to VA hospitals. They bill the government once a month and in arears of services, yet pay employees on a weekly basis creating a regularly occurring and unsustainable cash flow shortage.
eCapital customized an un-billed facility to meet this client’s working capital needs. Using mid-month payroll reports to monitor activity, eCapital provides a high advance on un-billed services to carry the client through to month’s end. When invoices are issued, funds are deployed minus the mid-month advance bringing account balances in order. This work practice creates uninterrupted cash flow that sustains client operations without financial restraint.
“eCapital understands small business and they understand government contracts. They provide unique funding solutions to meet our exact needs. It’s a working relationship that’s working very well”
This Maryland-based healthcare provider has over 30 years’ experience offering contracting, staffing, operating, servicing and managing healthcare delivery systems to the Department of Defense and Veterans Affairs.
“We consider eCapital as an extension of our business. They are our financial division and a trusted business partner”
Services include the placement of primary care and specialty physicians, nurses, physician assistants and a broad array of ancillary and auxiliary technicians to government facilities, small clinics and acute care facilities. Supplied with a $900,000 factoring facility, this veteran-owned organization, has the financial flexibility to scale up and scale down quickly to meet service demand.
“We leverage eCapital’s experience and utilize their strengths to assess new contract opportunities and help guide our growth.”