Catalyst Business Funding provided $5 million to a hospital and emergency room group. The company has multiple emergency room locations across the country and was in the process of opening their 18th location. Each new location costs around $3 million to open and losses about $2 million in the first year of operation. The company grosses about $18 million monthly and already had senior secured loans on most of their existing locations. Catalyst Business Funding was able to offer them $5 million in working capital based on their revenue.
The company later came back to us to finance their purchase of new equipment for $2.3 million.
Catalyst Business Funding offers creative business funding solutions to lower and middle market companies based on existing revenue or new equipment purchase as collateral in a quick and timely manner. Contact us to discuss your business financing needs and learn how we can help you.