Daily News: July 22, 2013

Alleon Capital Closes A/R Facility to NY Adult Daycare Center

Alleon Capital Partners, a medical factoring and financing company headquartered in Englewood, NJ announced the closing of a medical financing facility to a New York-based adult daycare facility.

Ben Rutkevitz, vice president, said, “We used the provider’s accounts receivable, as well the principal’s real estate asset to increase the initial borrowing base and provide the necessary funding to take out the existing lender and provide working capital.”

Alleon Capital Partners is a specialty finance company focused on providing capital solutions to medical providers that are unable to secure financing through conventional sources.