Healthcare finance

Bespoke finance facilities for the healthcare sector

At Growth Lending, we work regularly with dynamic businesses across the health and social care sector, so we understand the difficulties they face as they seek to grow their companies.

Client contracts are often complex, and late payments – frequently concentrated around a small number of key customers, particularly in the public sector – can be an issue. The working-capital demands on these firms are an extra constraint, especially given that stock levels often need to be significant to ensure that orders are fulfilled.

Mainstream banks and other potential funders often find it hard to get to grips with these issues, leaving health and social care companies struggling to secure the finance they need – but Growth Lending is different.

Our experience and expertise in this sector enable us to work much more closely with your business. We can help you to secure the funding you need to capitalise on the exciting growth opportunities that the sector offers, as well as providing the best service possible to your clients.

What is healthcare finance?

Healthcare financing is an integral part of healthcare systems that enables them to function. Without appropriate funds, healthcare providers could struggle to give their patients adequate care, which in turn limits their opportunities for growth. Sufficient and timely disbursement of funds to providers can help to secure appropriate levels of staff and medicines to treat patients.

How we can help

We have a range of products that we can tailor to your needs, solving the problems that growing health and social care companies often face.

• Flexible invoice discounting and selective invoice finance can relieve pressure on cash flows by releasing money tied up in your sales ledger
• Revolving credit facilities can help you to bridge cash flow gaps, move forward with orders and growth plans, and release working capital for other purposes
• We can provide more funding than other lenders, and we impose fewer restrictions around debtor concentrations for well-rated debtors and NHS clients
• Our experience in this sector means we understand your contract challenges – and how to work through them with you
• Our facilities can be used as leverage against other assets in your business to provide more funding, which can then be used to buy further stock

Working together for growth

We want to work with your business to support its growth. Our expertise in this field reflects the partnerships we have already forged with strong health and social care firms.

Key benefits of healthcare finance

Our range of bespoke products offers many benefits, including:

• A scalable release of working capital that reduces your accrued debt and increases monthly outgoings;
• Increased cash flow for day-to-day expenses, investment and growth;
• Faster payment of invoices to give improved control of cash flow (in turn, this may enable you to take advantage of supplier discounts for early payment of invoices or to tender for larger contracts);
• Flexibility, including the option to vary your facility each month, depending on your requirements;
• Support for mergers-and-acquisitions activity, as you pursue opportunities to grow even more quickly.