Accounts Receivable Financing and Invoice Factoring for Iowa Businesses
Factoring Increases Your Available Capital
Iowa Business Is Powered By Cash Flow
How many times have you lost sleep over payroll? Have you ever had to delay in paying suppliers or had to put aside bills when asked for payment? Are there times during each month when your Iowa business is hindered because of outstanding receivables? Wouldn't it help your business if you could get paid as soon as you finished your work? The Paragon Factor can get you the cash right now.
Paragon Gets You Money To Run Your Iowa Business
In the simplest terms, factoring means Paragon advances you up to 90% of the invoice amount immediately, and provides the remaining balance when your clients settle in full. Your receivables can be submitted for factoring directly upon completion of work or product delivery. Cash flows directly and instantly to you. No dealing with delays or collection issues. We can often assume all credit risk and responsibility for client payment. At the end of the process Paragon will receive a small fee. Set-up time for our service can be as little as two to three business days and we do not lock you into a long-term contract. Paragon allows you the freedom to factor only when you need it, and as often as you like. Our approval decision is based on your customer's ability to pay, not on the credit of your business.
Paragon Helps Your Business To Grow
Keep Capital Flowing Without Increasing Your Debt
This is not a loan. Paragon gets you money for your completed work, now. We don't ask for equity in your Iowa business, you retain full control.
Client Credit Services
Paragon can act as your in-house credit department at no cost to you. Before doing business with a new customer, let Paragon give you a comprehensive payment and credit history so you can avoid problem clients.
Control Your Accounts Receivable
Log on to our account manager to check your reports in real time. Print out your account data as you need it.
Paragon is not a collection agency, but we do have a team of callers that put in friendly reminders to clients with past due accounts. We make sure to handle all calls in a professional manner. After consulting with you first, Paragon is fully capable of applying pressure when needed.
Extensive Coverage
Wherever in Iowa your business is located, Des Moines to Cedar Rapids, Davenport to Sioux City, Paragon is available to service all your factoring needs.
Flexibility
Paragon's agreements give you the flexibility to factor what you want, when you want, without requiring long term contracts. You choose which accounts that you wish to factor. Unlike some other companies, Paragon does not require you to factor everything. We only want you to use factoring if and when it's beneficial for you.
Win More Business - Get Supplier Discounts
Ultimately, this is the goal of factoring. With your new-found cash flow you can now go after larger contracts and bigger clients. The big guys often take longer to pay and it's difficult to perform big jobs or fill larger orders when you don't have the cash flow to sustain it. The ability to grow your business is The Paragon Factor. In addition, you can now ask for trade discounts from your suppliers. Often times getting a 2% discount for quick pay to your suppliers can help absorb some, if not all, of your factoring cost.
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Turn Your Invoices To Cash. Call 1.800.897.5431 Today or Apply Online