Medical Finance Program
Dental, Cosmetic Surgery, Orthopedic, Bariatric, Fertility, etc…
STANDARD FINANCE PROGRAM 1 Prime to Near Prime/ FICO scores starting from 640 Direct to Borrower Funding
Installment loans / not credit lines or credit cards
Simple and quick merchant enrollment setup within 24 hours
Loan application approvals typically within 60 seconds
Loans funded within 72 hours upon completed loan documentation
Non-Recourse to Merchant
On-line interactive loan application dashboard
Direct-to-borrower funding
Merchant is notified upon 24 hours of payment disbursement
Fixed loan interest rates starting from 5.99%
Loan terms from 24 to 84 months
Minimum $2,000 to Maximum $100,000
Minimal loan payment late fees.
No retroactive late fee interest rate penalties
No pre-pay penalty
Nationwide financing
Online Electronic Signature for Loan Docs
100% pay-out of procedure amount
No same as cash available for direct-to-borrower funding
STANDARD FINANCE PROGRAM 2 Prime to Near Prime/ FICO scores starting from 640 Direct to Merchant Funding
Installment loans / not credit lines or credit cards
Simple and quick merchant enrollment setup within 72 hours
Loan application approvals typically within 60 seconds
Loans funded within two weeks of medical procedure
Non-Recourse to Merchant
On-line interactive loan application dashboard
Direct-to-merchant funding
Merchant is notified upon 24 hours of payment disbursement
Fixed loan interest rates starting from 14.99%
Loan terms from 24 to 60 months
Minimum $1,000 to Maximum $25,000
Minimal loan payment late fees.
No retroactive late fee interest rate penalties
No pre-pay penalty
Nationwide financing
Online Electronic Signature for Loan Docs
96.01% pay-out of procedure amount
Low monthly subscription service fee
Same as cash available for direct-to-merchant funding. 3 Month (90 Day) SAC 5.99%, 6 Month (180 Day) SAC7.99%, 12 Month (360 Day) SAC9.99%, 18 Month (540 Day) SAC15.99%
STANDARD SUB-PRIME / FICO 550 – 639 considered
Direct to Merchant Funding
Installment loans / not credit lines or credit cards
Non-Recourse to Merchant
Approvals within 15 minutes
Direct-to-Provider funding
Funded within 72 hours
Rate 17.9% to 19.9% Average 18.9%
Loan terms from 24 to 84 months
Minimum $1,000 to Maximum $10,000
Late Fee $15.00 No retroactive penalty to day 1 like others
Minimal loan payment late fees.
No retroactive late fee interest rate penalties
No pre-pay penalty
Nationwide financing
Online Electronic Signature for Loan Docs
Discounted funded amount to merchant 15% to 40%
2.9% to 3.9% max/ we are paid by bank – Company commission 50/50 split
No additional monthly service fee if Prime to Near Prime Program accepted-
ENROLLMENT PROCESS
2 Pages enrollment with up to 6 pages of disclosures Non Circum. / Docusign now – Online sig 2 weeks
Enrollment Acceptance- 1 hour
ONBOARDING & TRAINING
DP sets up personal training appointment with Admin or Office Manager
Training is how long? 10-20 minutes
Ongoing Training Tuesdays and Thursdays at 11:00am to 11:30am PST
REQUIRED DOCUMENTATION
- Voided Check
- Credit Card for monthly service payment
- Copy of Medical License
- Signed disclosures
- Signed enrollment agreement
Providers – Financing Accounts Receivable
Orbital Finance provides Patient Loans much like Factoring invoices.
HELPS Medical &Dental Practices:
Accelerate Cash Flow
Immediate cash to the Provider
Increase Revenue
Performing Account Receivables are financed regardless of creditworthiness
Direct deposit to Provider
Decrease Costs of Billing & Collections
Increase efficiencies in cost & time of billing & collections.
READ: orbitalfinancing.com
Providers – Patient Financing – Prime & Sub Prime Lending
FAST PATIENT QUALIFICATION PROCESS
For Doctors, Dentists, Surgeons and all Specialties!
Healthcare Providers are Paid FAST!
No Recourse!
Our program is simple and effective.
100% FUNDED TO PROVIDER
Much friendlier rate & terms for your patients!
NO UGLY DEFAULT APR’s, as low as 550 FICO’s considered.
Healthcare providers simply enroll online in the Orbital Care Financing program.
Once enrolled, the platform allows you to provide multiple financing options to your patients with less than perfect credit. Increase revenue by as much as 42% and higher!
COST?
At almost no cost to you. Do NOT continue to let money walk out the door!
Help more patients! Have more patients!
Think “Lending Tree” for Patients.
22 Lenders supporting the program.
No credit check loans up to $3500
No recourse loans to Doctors.
Credit check loans up to $30,000 with as low as a 550 FICO.
1 online platform.
No Credit Check Financing:
Join the industry leading small business alliance and receive ALL the benefits of a National Co-Op by increasing your business and reducing expenses with featured programs like our 360 Day NO CREDIT CHECK PAYMENT PROGRAM
Guaranteed to Increase Your Sales by More than 30%
Tired of letting patients declined by lenders walk out the door just because your patient cannot afford a large lump sum payment? With a 360 day term, the NO Credit Check program, the solution is simple!
Ask your patient…Can you afford that over 12months?
· Offer your patient’s something that your competition cannot.
· No Credit Check Financing
· Your patients have 12 months to pay for your service and/or product.
· Industry leading 80% approval rate.
· No need to discount your services!
· Application process is FAST and EASY approval time is less than 30 minutes.
· Simple application form.
· Complete training and set up for your staff.
· Perfect for sales from $100 to $3,500 and beyond
· Fast response time – 24/7 customer support.
· Complete marketing materials included for your practice.
· Non-Recourse means in case of default we collect, not you.
Hassle free financing for your clients.
Other Benefits include:
ü Drastically reduced Visa/Mastercard costs through our bulk national merchant processing platform
ü Accept checks as cash
ü Free Webpage design and posting
ü Increased internet visibility
ü Free 45 second video clip customized for your business (post to You Tube, website, etc.)
ü New customers referred to your business
ü Automatic pre approval for working capital
Have questions? Check out the FAQ here.