Genesis Commercial Capital Launches New Funding Program To Help The Growing Health care Industry

Genesis Commercial Capital has unveiled a brand new financing course designed to assist new and existing healthcare experts acquire the capital equipment they need for their practice. Genesis has spent the past decade becoming an expert on the industry and the risk patterns involved with this space and is now poised to deploy significant funds to aid these business grow. Genesis has been an innovator in lease funding for the numerous kinds of equipment utilized in this industry. We have just recently developed and put into place new scoring rules allowing for all types of M.D. practices to acquire equipment along with working capital at a fiscal time when banks are still unwilling to lend money. We are committed to further developing a number of new and existent lease programs to handle the continuous developments of technology and growth in this area and continuously raised volume in all sections of the industry. Our new guidelines geared towards MD practitioners and invite them to obtain funding for equipment as well as simple working capital cash infusions to be used in all elements of their business.

New innovations in the technology during the last several years have determined the need for optional types of funding for the industry. Genesis has experienced great success in the Health care industry and it is currently our quickest growing divisions. Quite a few of our account executives have backgrounds in the Health care industry through either former work history or other studies. Our credit team is furthermore encouraged to research the new breakthroughs in the market by reading and keeping up with trade publications, frequenting industry seminars and trade events, and quite often interviewing current manufacturers and vendors for insights into the future of the healthcare industry.

Our current clients include a growing selection of home healthcare companies, physicians, dentists, research centers, surgery centers, chiropractors, sports medicine facilities, rehab facilities, laboratories, rental agencies, etc. Our primary concentrate on vendor/supplier and manufacturer representation has contributed to the rapid increase of our Healthcare Division. Improvements in technology have mandated companies to constantly upgrade outdated equipment and have also spurred increased business for our Healthcare Division. We also take pride in our specialized focus by being qualified to offer leasing to allow companies to acquire used equipment at less costly prices. Many up-and-coming small to mid-size companies discover that the most recent technology may be more than they can afford and we can certainly help in lining up funds for equipment that is used but may still be a step up for them. With our network of suppliers we can help locate medical equipment with respect to our clients that may not have the resources at their fingertips to find what they need.

Across the nation, companies inside the Healthcare industry find that a strong financial partnership is vital to thriving operation and growth. Doctors won't be competent to compete in the marketplace without bringing up-to-date their equipment or other regions of their business that require having cash on hand. We make that concept simple and easy for them. With an application only program for both lease funding and working capital in addition to new credit scoring guidelines we are able to fulfill all of their financing needs in an easy and economical manner.

 

Genesis Commercial Capital Shares Recent Growth Information Regarding The Portfolio Servicing Division

Genesis Commercial Capital has been focused on third party end of term portfolio management for almost ten years now and also have recently began to aggressively market service arrangements in this space to new consumers. Our core consumer group primarily is made up of established and recognized lease funding originators that are looking to grown originations while using an outside specialty source like Genesis as their go to partner for collections, processing, accounting, re-marketing, and customer service. Most recently Genesis has contracted out with Hampton Sierra to service their current end of term portfolio holdings. Genesis has managed servicing arrangements totaling over $80 million for a variety of leasing/finance companies and has fairly recently widened their financial portfolio services management team to take on additional contracts. With an infrastructure based on the newest technology in addition to a team of qualified experts in all aspects of the equipment leasing arena, Genesis is poised to become the leader in 2011 for end of term servicing.

With Genesis knowledge of equipment and network of remarketing companies they're able to put together servicing arrangements for originators and lessors unmatched by anyone else in the industry. Genesis provides efficient, comprehensive and cost-effective management and accounting services for small to mid size lessors/originators who wish to remain focused on the commencement and new bookings side of the business. Most small to mid size originators will not have the foundation in place nor do they have the systems/protocol to maintain an efficient collection and servicing platform for maturity and stream collections. Genesis is able to handle all aspects of the stream and end of term including the challenging task of reviewing risk associated with equipment of all types as well as the re-marketing of a variety of equipment types. Genesis has forged relationships with a few of the nation’s leading equipment sellers, auction houses, equipment brokers, and re-marketing sources and has perfected the challenge of locating buyers of all different types of used equipment in fairly short periods of time.

Another element of servicing that Genesis is focused highly upon is the customer service and customer retention are of the business. This is another added advantage of outsourcing to Genesis the end of term servicing. We think that a powerful servicing company is only successful when the emphasis is just as focused on customer satisfaction. In tough economic times customers will frequently need extremely creative plans and a fresh outlook on the collection process and Genesis brings that to the table as part of our core competency. Customer service needs to be the core of any and all businesses and is it included into each and every part of our process. Our goal is always to set up a management and collection process distinctively intended for each of our clients that inevitably elevates their bottom line and enables them to target what it is they do best, commencing and originating new contracts and leases.

This is an area of our industry that a small number of companies carrying portfolios have practical knowledge in. Genesis and our systems oriented method provide positive final results for the clients. We can consistently surpass our partners expectations with a model emphasizing overall results coupled with a focus on customer satisfaction in any areas.