Get the Best Financing for Your Senior Home Care & Assisted Living Businesses
AdvancePoint Capital services offer senior care business loans and a variety of financing options that you can take advantage of so that you can get the funding you need through our marketplace that your bank just can't offer. AdvancePoint Capital has been experienced in loans for Senior Care Agencies for years and can help you access the various financing solutions you need from our alternative lender's network.
We understand the difficulties of operating a senior care agency, home health care, or senior care facility and the need for senior care lending solutions to support it. Our job is to effectively provide the best business funding products to your assisted living business so you can effectively operate. Our lender network is second to none.
Whether a business owner is looking for a loan to purchase equipment, maintain a caring staff, need working capital, expand operations, or take on a new opportunity, - we are your source to access loans or alternative financing. Check out our services and lending process.
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AdvancePoint Capital makes the loan application process a simple, straightforward experience.
6 Best Senior Care Business Loans (September 2023)
Small Business Loans
The most requested financing option, business loans are loan terms that are typically repaid from 12 to 60 months. This financing product serves a variety of needs.
Short Term Small Business Loans
Short-term loans are popular with business owners unable to get traditional business loans. Short-term is considered loan terms of 6 to 12 months to repay.
Business Lines of Credit for Business Owners
A business line of credit is a revolving line up to a credit limit. Like a cred card, you only pay interest on the outstanding balance. Great for everyday expenses or purchases,
Small Business Administration [SBA] Loans
SBA loans are popular with small businesses looking to grow and expand and need affordable long-term financing to cover the costs.
Merchant Cash Advance for Senior Care Business Owners
A merchant cash advance is alternative financing to small business loans.
Business Credit Cards
Credit cards are part of the arsenal for senior care business owners or a senior living facility. A great option for small purchases, everyday expenses and to pay bills.
Benefits of Senior Care Business Financing
Cash Flow/Working Capital Loans
Both senior care businesses and assisted living facilities need cash flow and working capital to manage their company. A senior care facility has facility maintenance costs, payroll, and other cash flow costs that have to be met. Senior home care agencies have payroll costs to cover their team as well. A loan for financing your company may be your only option for funding.
EMPLOYEES/STAFFING
Employees and caring staff are at the core of the senior care industry for both senior care agencies and senior care facilities. It's a must to provide excellent care. Without proper staffing and the best possible care, your senior care operations will be limited. More people to expand your team costs money.
BUSINESS EXPANSION
Looking to expand your senior care facility with a second facility expansion? Perhaps a new business to complement your existing businesses? These ideas will require a loan or some type of financing to pay for such an undertaking or expansion.
Advertising: Attract Customers
If clients and loved ones aren't aware of your services, your senior care or assisted living business will suffer regardless of an aging population. Internet marketing is the ground zero of advertising. If you are not present online, the senior care at home agencies or senior assisted living facility will not survive.
CLIENT RELATIONS MANAGEMENT SYSTEMS SOFTWARE/TECHNOLOGY
In running a senior care agency or assisted living facility, client relation systems (CRMs) are a requirement. For senior care at home agencies and senior care facilities, CRMs manage the schedule for caregivers, monitor required medications for clients, record observations and manage care. Your company will not be able to provide excellent care without the best-in-class technology. It's not uncommon to have to finance a costly purchase like a CRM.
Why AdvancePoint Capital?
- Experience with senior care at home agencies and assisted living facilities – We have been providing senior care at home agencies and assisted living financing for years. Facility and home health care is our specialty.
- Trust – Excellent reviews and feedback from the senior care industry.
- Loan Advisor – Experienced business funding specialists who know the senior care industry and can provide financial growth tips as well as find the best interest rate. We have a great team at Advancepoint.
- No Obligation – No cost, no commitment quotes
- Products – A variety of loan options for senior care business owners. We don’t just offer what we have; we provide what’s available in the marketplace.
