Funding for your situation
The real cost of adding a caregiver team, what funders look at, and a worked example using illustrative figures.
✓ Checking what you qualify for does not affect your credit score.
A new caregiver team is easier to justify than a new location, and easier to underfund. Referrals are up, and each new caregiver is paid weeks before the payor reimburses. The purchase, the people and the first weeks of ramp-up all land at once.
Merchant Fund Express is a funding marketplace: you apply once, and the file is matched to the structure that fits it. The sections below show what this situation usually costs, how a funder reads it, and what to prepare.
What it looks like on the ground: referrals are up, and each new caregiver is paid weeks before the payor reimburses.
Compliance touchpoints for a home health agency often include state agency license and background-check compliance, which can come up when the request involves a new site, a purchase or a significant change.
A home health agency file is read through payor mix and reimbursement timing, licensing and compliance standing and payroll as a share of deposits.
Payors reimburse weeks after services, while caregiver payroll is weekly or biweekly. A reviewer sees that pattern in the statements before reading a word of the application.
| Cost item | Illustrative amount |
|---|---|
| Caregiver recruiting and onboarding | $8,000 |
| Background checks and training | $4,500 |
| Software and scheduling | $3,500 |
| Payroll float until payor pays | $18,000 |
| Cushion for overruns and slow early weeks (about 10%) | $3,500 |
| Funding need for one more caregiver team | $37,500 |
Sizing check. If the full repayment shown in an offer were $49,000 over about 26 weeks, the weekly debit would be about $1,885. Against illustrative monthly deposits of $60,000 (about $13,846 a week), that is roughly 14% of weekly deposits. Your own offer states the real repayment amount in dollars; run your numbers on the factor rate calculator before you accept anything.
Source: worksheet by Merchant Fund Express. Illustrative only: these figures are not an offer, and real amounts depend on your file and the funder.
People are paid on a schedule that does not wait for new revenue to ramp.
People are paid on a schedule that does not wait for new revenue to ramp.
A real cost of the move that is easy to leave out of the first estimate.
People are paid on a schedule that does not wait for new revenue to ramp.
These are the same factors described on revenue and deposit requirements and time in business. Merchant Fund Express walks you through how your own file reads before you apply.
A complete file is what makes a same-day decision possible. If something is missing, tell us and we will work around it.
Merchant Fund Express gives a same-day decision on a complete file, and funding is typically the next business day after signing. The quote or bill of sale for the caregiver team is the document that usually moves things along.
It can be either. If the purchase is a single asset with a quote, equipment financing may fit; if you also need payroll and supplies for the ramp-up, working capital covers the whole package.
Often yes. A used purchase can shorten the payback, and a quote or invoice from the seller is what the file needs.
The minimum FICO is 500, and better credit means better products and terms. See credit score requirements for how the tiers work.
Merchant Fund Express gives a same-day decision on a complete file. Applying takes a few minutes and will not affect your credit score.
