What We Do For You                     

                        Putting Cash In Your Account: 

                                                         Accounts Receivable Acquisition

Your accounts receivable represent a huge—underutilized—asset.

Most ambulance companies have 60 , 70, 80 days receivable outstanding at any moment.

The balance sheet might look good, but it is sometimes painful to stay current on major expenses, or fund new projects,
or take advantage of great new opportunities.

Selling your accounts receivable, known as “Invoice Factoring”, allows you to take your slow paying invoices from
good customers and turn them into immediate cash.

It’s a simple transaction — much easier, much quicker and much less intrusive than getting a standard bank loan.

Unlike more commonly used financing tools, MagniFund’s Accounts Receivable Acquisition program looks at your
third party payer’s financial strength — rather than judging your net worth.

Increasing debt and giving up equity are the two most common ways of generating additional working capital (cash).
Importantly, invoice factoring does not create debt on your balance sheet, nor does it require you to give up any equity.

Right now your third party payers are using your assets to fund their operations!

Invoice Factoring changes an underused asset (accounts receivable) into cash: 
                                                                               cash you can use right now! 


                                         Billing & Collection Services