ATLANTA (August 10, 2016)—Provider Web Capital has launched a new product, Remit LOC, which allows medical practices to establish a facility that works as a line of credit. The goal is to provide owners access to capital without having to abide by the strict repayment structuring of a typical business loan. With this structure, a health care business is approved for a financing line and is only required to take a small draw at closing. The remaining facility is just a phone call away.

Jack Daly, Chief Revenue Officer of Provider Web Capital, states, “We are excited with our product development team’s recent launch of Remit LOC. This customized Provider Web working capital facility gives us another dynamic offering to meet the unique financial needs of health care providers. The immediate market response has been tremendous.”

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