Home Health Care Agencies Funding

According to the AARP, the over-65 population is projected to nearly double by 2030. Help build a strong home health care agency with up to $500,0000 in funding from Greenbox Capital® as fast as 24 hours.

Fast Home Health Care Funding You Can Trust

Home health care services allow seniors to age in place rather than moving to a nursing home or long-term care facility. The home health care industry is forecast to grow substantially over the next several years thanks to a number of factors, including an aging population and advances in technology that make it possible for people to receive high-quality care at home. These services are safer and cost-effective alternatives to hospital services. They also allow a person to stay in the comfort of their own home and avoid the long waits and possible infections that come with a hospital stay.

Home health care providers are prime candidates for funding because they are always in demand and have a reliable income. However, the application process for these lenders can last months, and there’s no guarantee of approval. While you’re waiting, your patients may suffer and valuable opportunities for growth can be lost.

As an alternative lender, Greenbox Capital® can approve more home health care agency funding than traditional lenders, and we can approve funding faster, with funds deposited in as little as one business day. We provide multiple types of home health care funding to help grow your agency, with funding from as low as $3,000 up to $500,000 and no restrictions on how you can use your funds. We fund all home health care agencies, including non-medical home care, hospice care, senior care, personal care services, and more.

Home Health Care Funding Rates

Home health care agency funding rates depend on the type of alternative small business funding you receive. Most alternative home care funding options use a factor rate instead of a traditional interest rate. Factor rates are simple decimal figures that show how much “extra” you will owe on the original amount of the loan, and are determined based on your risk assessment.

Home Health Care Agency Funding Solutions

Our friendly, expert funding advisors will work with you to determine which funding option will help you achieve your goals without compromising your business’s cash flow.

Merchant Cash Advance

You get working capital when you need it. We’ll receive a percentage of your daily or weekly credit card sales until the advance is repaid.

Invoice Factoring

Sell us your pending invoices in exchange for the net amount in cash. You’ll receive the balance of the invoices’ value when we receive payment (minus our fee).

Collateral Loan

A secured loan that uses commercial real estate to reduce risk. Because the loan is secured, you may be approved for larger loan amounts with lower rates and fees.

Business Line of Credit

Borrow as much or as little as you need without the obligation of a fixed term loan. Draw and repay as you go, and only ever pay interest on the amount you've borrowed.

How To Use Home Health Care Funding

There are no restrictions in place on how you can use your funds. Home health care funding is ideal for supporting your business’ revenue, furthering your commitment to the community, and helping more patients. Use your funding to:

Develop or enhance services
Purchase necessary equipment and devices that help patients communicate with caregivers
Hire and train staff to provide high-quality care
Expand your geographic reach by increasing your marketing efforts
Hiring additional personnel in new areas of operation
Obtain proper licenses and certifications
Develop an online booking system for your services that can be accessed at any time
Graze your advertising to bring in more patients

Sometimes, home health care agencies need a quick infusion of working capital to help meet the unique challenges of their field, such as:

Covering unexpected expenses
Compliance with state and federal regulations
Managing cash flow and payroll
Seasonal fluctuations or unanticipated expenses
Delayed or denied insurance claims
High cost of medical equipment, technology, and supplies
Upgrading equipment and training required to keep up with changing standards

How Home Health Care Funding Works

1

Apply

Gather 3 months of bank statements and other records. For faster approval, grant us secure access to your bank account’s transactional data.
2

Choose Funding

A Funding Advisor will reach out to you within 1 hour (during regular business hours) to complete your application & discuss your funding options.
3

Get Funded

Once you and your Funding Advisor determine what funding option works for your business, your funds can be approved and deposited within 24 hours.
4

Set Repayment

Payments will be automatically deducted from your business’s daily or weekly debit and credit card sales. Payment amounts will be based on your sales.

Will You Qualify for Home Health Care Funding?

Exact qualification requirements depend on the type of home health care agency funding you are seeking. Approval for medical practice funding from Greenbox Capital isn’t based solely on your credit score or financial history. We focus on the overall health of your business, including:

Business revenue
Cash flow
Vendor payment history
Years in business
Public records

Home Health Care Funding Q & A

How can I get funding for a home health care agency?

You can get funding for a home health care agency from traditional lenders like the SBA or a bank, as well as from alternative lenders like Greenbox Capital. Alternative lenders have more flexible approval requirements that consider the overall health and potential of your business—not just your credit score—and offer revenue-based financing options that are more ideal for businesses with lower credit scores, such as merchant cash advances for low credit. Contact one of our Funding Advisors to learn more.

Retention and recruitment of staff and nurses are one of the biggest challenges my home health care agency faces. Could I use my funds to hire more staff?

Hiring more staff is a great way to utilize your home health care agency funding.

Why should I consider an alternative lender for my home health care agency?

Traditional lenders can take weeks or months to review and approve your loan application. If you’re looking for a way to streamline your cash flow, as an alternative lender, we have different approval requirements and can approve funding for a home health care agency. We can provide you with the funds you need to cover project expenses, operating costs, and more, often in less than 24 hours.

What are the typical uses of funding for a home health care agency?

There are many ways you could use your funding. Some uses of funding for a home health care agency could include covering the costs of providing care to patients, which can include things like wages for caregivers, equipment and supplies, and other operating expenses. Additionally, funds may also be set aside for marketing and advertising, as well as for training and professional development opportunities for staff members. Ultimately, how the funding is used will depend on the specific needs and goals of the agency. Make sure to consult with one of our Funding Advisors to ensure you are using your funding in the most efficient and effective way possible.

Are there any restrictions on how the funds can be used?

There are no restrictions on how your funds can be used. We have a very simple application process, with same-day funding available. To get started, fill out our one-page application form or speak with a Funding Advisor.

Which type of funding is best for a home health care agency?

A merchant cash advance is one of our popular funding options. We recommend you speak with one of our knowledgeable Funding Advisors—they can help you explore all of the available funding solutions for your business.