Factoring Janitorial Services Companies

Paragon Financial was founded in 1994 with the initiative to afford growing businesses an alternative to conventional Bank Financing. When the banks either couldn't grant funds or bestowed too little, Paragon could promptly offer janitorial services companies a steady stream of cash through the invoice factoring of their account receivables.

We understand that waiting 30-60+ days for payment of an invoice ties up your working capital. By receiving payment immediately upon invoicing, through our factoring program, you will have the money to meet payroll, grow your janitorial services company, and pay suppliers. We'll wait for your customer to pay.

Simply put, factoring means that Paragon advances you up to 90% of the invoice amount immediately, and gives the remaining balance when your clients make full payment. Here's how factoring for janitorial services companies works in three simple, easy steps:

1. Your janitorial services companies provides goods or services to creditworthy customers and then invoices them with a copy sent to Paragon.
2. Paragon will fund your business with an immediate payment of 70%-90% of the received amount.
3. Customers make payment directly to Paragon according to the terms of the invoice, and Paragon return the balance of the paid invoice to you minus a fee.

It's simple as that! Get started immediately by filling out the simple and quick online application on the right-hand side of this webpage.

Let Paragon Improve Your Cash Flow

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 business, you retain full control.

Customer Credit Services

At no extra cost, Paragon now acts as your in-house credit department. If you're thinking about doing business with a new client, give Paragon a call. We'll give you detailed information on their payment and credit history. Paragon can help you stay clear of doing business with bad companies.

Accounts Receivable Management

Paragon provides on-line, real time reporting. You can log on anytime and see updated aging reports, collection reports, and more. Back date certain reports and print them out directly for internal use or accounting purposes.

Paragon is not a collection agency, but we do have a team of callers that put in friendly reminders to accounts when they get past due. We make sure to handle all calls in a professional manner. When discussed with you first, Paragon is fully capable of applying the heat when needed.

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.

Get Supplier Discounts - Win More Business

The ultimate goal of factoring is to increase your available funds. This will enable you to go after bigger clients and larger contracts. Often, you will find that it takes the big guys longer to pay. This can lead to difficulties in filling larger orders and performing larger jobs. Helping you to grow your business is the purpose of The Paragon Factor.

Increased cash flow can enable you to quick pay your suppliers. This can allow you ask for trade discounts. Often, as little as a 2% quick pay discount can cover some, if not all, of your factoring costs.