The new site is a way of communicating with the healthcare profession to let them know that there is a site that exists to help them with credit issues
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New York, NY (PRWEB) September 4, 2007
"The new site is a way of communicating with the healthcare profession to let them know that there is a site that exists to help them with credit issues," said Robert Fox, director of finance and founder of Fox Capital Solutions, Inc.
Medical doctors, surgeons, veterinarians, chiropractors and other healthcare workers with so-called less than desirable or damaged credit, that are usually turned down by banks after applying for working capital loans can most likely hear the word "approved" when applying for the same type of loan with a private finance broker.
Private finance brokers, such as Fox Capital Solutions, can usually have a working capital loan application reviewed and approved within 24 to 48 hours and funded within another 5 days (unlike some banks which can take weeks) for qualifying healthcare professionals.
What is less than desirable or damaged credit? Low credit scores, past bankruptcies, credit delinquencies, charge-offs and tax liens are the main culprits that show up in credit reports. Less than desirable or damaged credit are some of the risk factors that banks use to base their decisions on when it comes to rejecting loan applications.
Fox Capital Solutions, on the other hand, may still consider the applicant a worthy candidate for a working capital loan even with a credit score as low as 640, past and present tax liens, past bankruptcies, charge-offs and other delinquencies when reviewing a working capital loan application.
Fox Capital Solutions, unlike banks, is associated with non-traditional lenders nationwide that offer traditional loan packages, that are not restricted by the contingencies that banks face such as credit scores and all the red tape that can slow down the whole loan application process. This enables the healthcare professional the possibility to attain working capital loans from $30,000 to $150,000 unsecured and loans secured by real estate for those with beyond less than desirable or damaged credit.
For example, a medical doctor may be a candidate for a $50,000 working capital loan even though the credit report shows a score of only 645 and an outstanding tax lien.
Or, a dental practice acquisition requiring $75,000 cash may be attainable with a high score of 745 regardless of the fact that the medical professional's license may reflect a disciplinary action from the past.
Fox Capital Solutions also takes into consideration other scenarios such as how many years a healthcare professional has been in private practice or has been partnered or worked for another healthcare professional in private or corporate practice in order to get that loan candidate approved.
In addition to working capital loans, healthcare professionals may be eligible for loans for debt consolidation, tax relief, equipment financing, start-up capital and funds for expansion and improvements all at competitive rates.
Fox Capital Solutions, Inc. can offer more insight into financing loans for healthcare professionals with less than desirable or damaged credit.
About Fox Capital Solutions, Inc.:
Fox Capital Solutions provides commercial working capital for healthcare professionals of all specialties throughout the United States. Our growth and success is attributed our business model, built and designed to support the needs of our customers.
For more information contact:
Robert Fox, Director of Finance
Fox Capital Solutions, Inc.
(800) 490-2375 Ext. 703