ProviderWeb Surpasses Expectations, Acquires Five New Clients in April, Expands Sales Team

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Provider Web Capital has its best performance of the year, and is now able to help its clients even more

Provider Web Capital is excited to announce its best performance this year, with nearly $600,000 of loan origination, including the acquisition of five new clients. Below is an excerpt of Provider Web’s record-breaking month:

  •     $175,000 of financing to a Kentucky-based public health practice for expansion;
  •     $125,000 of funding to a California-based ambulatory services company for working capital needs;
  •     $20,000 of financing to an Atlanta area dental practice for cash flow management;
  •     $10,000 to a Detroit Area home health provider to stabilize cash flow;
  •     $10,000 to a North Carolina-based medical services provider; and
  •     $245,000 of additional financing to existing clients.

When asked about Provider Web’s accomplishments during April, Chief Executive Officer Brian Zwerner stated, “This is an exciting time to be involved with Provider Web Capital. We keep growing our reach throughout the country, which benefits our firm as well as our clients through our ability to diversify certain risk factors.” Through acquiring clients in Kentucky and Michigan, Provider Web is now servicing clients in more than a fifth of the states throughout the United States. Likewise, the company, which increased over 150% during the 1st Quarter of 2015, has already beaten analysts’ early expectations for Q2. Likewise, Provider Web has unveiled its new Remit eXL Line of Credit product which, as President Greg McCollum describes, “Will help even more practices that need quick access to cash but cannot achieve it through traditional means.” The facility, which is based solely on a practice’s monthly revenues, offers clients up to a $10,000 Line of Credit from which to draw upon, with an easy, innovative repayment schedule.

Provider Web is also pleased to announce the hiring of Asif Ajanee, Vice President of Sales. Mr. Ajanee comes to Provider Web with years of entrepreneurial experience under his belt. “I’m thrilled to be a part of the team here at PWC,” Ajanee stated, “There’s so much potential for growth, and I want to maximize that potential.” Mr. Ajanee will lead the Inside Sales Team, which expects to grow exponentially by year’s end. Mr. Ajanee is a graduate of the University of Georgia’s Terry College of Business, with a Bachelor’s in Business Administration, concentrating in Banking & Finance.

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Michael Griffin
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