Fast Funding Solves Cash Short Fall for One Data Company
Founded in 2013 by a veteran team of healthcare professionals with several decades of experience in academia, industry and financial services, MedMine’s mission is to provide cutting-edge health care information, data analytics, and consultancy services. As a subscription-based service, the business sometimes deals with billing lags from clients who delay payment. Founder of MedMine, Dale Shivnarain, called on Reliant Funding when those late invoices caused a cash shortfall and threatened to disrupt operations.
“ Being able to access capital in a timely manner was most important. ”
“We work with clients on a subscription basis, invoicing semiannually. Most clients will pay quickly while with others it will get pushed out. We had a data build that was due and needed to pay a vendor, so we didn’t disrupt that,” said Dale.
Challenges for a Small Business
Cash Short Fall: For small businesses, this is the biggest challenge. Imagine having the power to plug a cash flow issue before it becomes a bigger problem. We can help with that.
Billing Cycle Lags: Late payments from clients are frustrating, but a common occurrence for small businesses. Access to fast cash while waiting on receivables gives you more control over the health of your business.
Smooth Operations: Late payments shouldn’t affect day to day operations or disrupt any services you offer or vendor relationships. Our fast funding empowered Dale to solve his cash flow issue immediately.
Pay Bills on Time: You have bills and vendors to pay. Our working capital allows you to keep the focus where it belongs -on your business.
“ The process was very straightforward, and the welcome call onboarding process was nice. Overall the whole thing from start to finish was three days. ”
Why Reliant Funding
Delay in payments is an issue almost every small business owner experiences at some point. Any lag in the billing cycle can throw a wrench in an otherwise smooth sailing business. Despite these delays, a business must go on – and that’s where we can help.
Just like Dale, our clients use our short-term funding whenever the immediate need arises. We understand you may not have weeks to wait for an approval from a bank. That’s why we offer a simple, fast end to end application and funding process.
We’ve been providing working capital to small business owners like Dale for over a decade. We work with companies every day to help them overcome challenges and invest in future growth. We understand how a quick cash infusion to keep business flowing when the time is of the essence puts you, the business owner, back in the driver’s seat.
In fact, with any challenge you may face as a small business owner- we are here to help. Our clients consistently tell us our customer service makes Reliant Funding stand out above the rest.
“ My rep engendered a lot of trust. Most folks I talked with sounded like a used car salesman, but my rep was great, and I felt very comfortable speaking and dealing with him. ”
Every business is unique, which is why we’ve developed the fastest, simplest and most flexible business funding solution available in the market today. If you recognize an exciting opportunity for your existing small business but lack the capital you need to execute on it, we have dedicated account representatives waiting to assist. Learn more about how we can help your business by connecting with us today.
Are you ready for Reliant Funding to make an impact on your business? Tell us about your business.