Authored by Phil Cohen
This month, our sister company PRN Funding celebrates 25 years in the factoring industry! Since 2000, PRN has been helping healthcare and medical businesses maintain steady cash flow and build lasting success.
From the Beginning
Founded in October 2000 by Phil Cohen, PRN Funding started with a single client in 2001. By 2005, the company had hit its 100th client milestone, establishing itself as a trusted name in healthcare factoring.
Growth
Over the years, PRN expanded its reach and influence. Phil Cohen served on the International Factoring Association’s advisory board (2009–2011) and later joined the American Factoring Association in 2016.
PRN also established Factor Finders in 2011, bringing invoice factoring expertise to even more industries.
Milestones That Matter
The company crossed $1 billion in purchases in 2018 and doubled it to $2 billion by 2023. Each milestone reflects PRN’s commitment to reliability, transparency, and long-term relationships.
Looking Ahead
As PRN celebrates its 25th anniversary, we’re proud to be part of their journey. Their continued success inspires our mission to help more businesses grow through flexible funding solutions.