New York, NY (PressExposure) December 03, 2009 -- From: Jeffrey Sussman, Inc. Marketing Public Relations 249 East 48 Street FOR IMMEDIATE RELEASE For: VFR Healthcare Finance
Contact: Jeffrey Sussman 212-421-4475 firstname.lastname@example.org [http://www.powerpublicity.com]
VFR Healthcare Finance, a full-service financial firm for the nursing home industry, announced that it has reached a new milestone in providing essential financing for nursing homes throughout the United States. Its dollar level of funding has increased by 150%. And the number of nursing homes it services has more than tripled.
While many banks are not lending money, VFR has not only been able to obtain necessary financing for its nursing home clients, but it has also reached a new milestone, capping a year of extraordinary success. Among the clients that VFR assisted were in a nursing home in dire financial condition that became a Special Focus Facility and no one would lend it money. Yet, VFR obtained significant sums for the homeâs refurbishment and the leasing of new equipment. Another client required all new furniture, and VFR provided it within a few hours! A third nursing home was unable to obtain financing form its regular funding sources for new communications systems. VFR obtained the funding in two days. When a new nursing home client contacted VFR, it provided financial statements that showed a loss. Again, VFR obtained financing and did so within twenty-four hours.
In many cases, banks have chosen not to provide financing, though they had received TARP funds for just such purposes. One banker stated, âWe want to maintain a strong capitalization position and not lend funds at this time.â It didnât matter to that banker whether the nursing home had positive financial statements. It wasnât going to lend money. After many such accounts, numerous nursing homes turned to VFR as their first choice for all its financing.
âWe have been particularly successful on behalf of clients,â stated Israel Segal, president of VFR, stated: âNursing homes have come to us because they were having difficulty getting the financing they need; however, once they experienced our full range of services, they stay with us to satisfy all of their financial needs. They no longer even bother with their former lenders and are pleased not to have deal with banking bureaucracies.â Mr. Segal regularly puts on seminars for nursing home owners and operators, explaining to them how they can obtain necessary financing.
Indeed, VFR Healthcare Finance is highly regarded within the nursing home industry as a first choice. It has become a valuable resource for one-stop financing, offering particularly attractive solutions during this period of tight money as it continues to provide asset based financing, acquisition funding, equipment leasing financing, working capital, A/R loans, strategic consulting and cost segregation studies for reducing tax obligations.