Barry Meuse
Alexandria, VA (USA)
Role(s):
VP/SVP/Dept Head
GSI Securitization
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Startup
Location:
Princeton
Industry:
Finance
Year Founded:
2010
Number Employees:
1-10 people
Business Stage:
Growth (profitable)
Entity Type:
"C" Corporation
Description:
GSI Securitization, a private Nevada corporation ("GSI"), provides financing for high quality government and commercial insurance company receivables held by select health care providers. GSI funds only ‘blue chip’ health care receivables at a typical discount of fifty percent (50%) and collects one hundred percent (100%). Gross margin ranges between forty to forty-five percent (40-45%).
GSI has grown to $4MM in revenues by reinvesting profits. However, recent changes in the healthcare market have created significant demand for GSI financing services which can’t be met organically; GSI needs up to $10MM - in increments of $1MM to $3MM - to buy up to $20MM in net receivables over the next six (6) months.
GSI offers investment partners (accredited investors only) up to thirty percent (30%) of the return (receipts less purchase price) on a project by project basis although it is open to other investment proposals.