Payplant closes $32M in Illinois Healthcare Receivables

Payplant recently closed its largest Illinois Receivables financing deal with a major health insurance provider to the state of Illinois.  The $32M dollar invoice portfolio represents the largest deal to date for Payplant and served to continue the mission of getting Illinois vendors the capital they need to continue to provide services to the state.  We are especially excited to help fund essential health benefits for state employees and their families.  As one of only a handful of Qualified Purchasers in Illinois, Payplant will continue to work with state vendors of all industries and sectors to ensure ongoing support of businesses, the state and the denizens and employees that rely on these goods and services.