The medical equipment industry offers owners near limitless potential if their equipment is unique or industry standard. To get there, however, is an uphill battle.
Capital for Medical Equipment Companies
The high-tech devices produced by medical equipment companies are complicated and expensive to produce in some cases, but the potential profits are high. This duality is not uncommon across other industries, and you’ve likely heard the term, “You’ve got to spend money to make money.” That sentiment is very true in the medical equipment field.
Medical equipment manufacturers need plenty of working capital at any given time. However, much of their cash flow may be tied to long-term invoices, insurance payments, or pending grants. Denali Advance has many financial services designed to make the process of getting medical equipment manufactured and out the door simpler and more effective:
Invoice Factoring
Invoice factoring is one of the best ways to open your cash flow as a medical equipment business. Denali Advance can quickly help you receive payment for unpaid net 30, 60, and 90 invoices. As your invoices are submitted, getting these payments frees your budget to increase marketing spending, create new component or material orders, and fulfill more orders every quarter.
Line of Credit
A basic line of credit is a great option for a well-established medical equipment manufacturer. You can use the credit to spend money where you need to and repay the debt as invoices are paid. In this case, the line of credit is a go-between between unpaid invoices and cash flow.
Equipment Financing
Equipment financing is ideal for medical equipment manufacturers who want to purchase more manufacturing equipment. The extended payment period allows you to increase or improve production without stretching your budget too thin over any given period, allowing you to use that capital elsewhere.
About Us
Denali Advance was founded by two passionate entrepreneurs, Nate Fried and Brad Brown, who have known each other since childhood. After independently leading successful lives, they came together again to form Denali Advance.
They got the idea after noticing a need for small businesses to have faster access to funds that help their businesses grow. We strive to stand apart from other providers by offering a more personalized yet analytical approach to small business capital.
