Factoring Temp Staffing Agencies

Paragon Financial Group 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 temp staffing agencies 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 company, and pay suppliers. We'll wait for your customer to pay.

For a small charge, Paragon can advance you up to 90% of your invoices right now. You get the balance when your clients complete payment. Here's how factoring for temporary staffing agencies works in three simple, easy steps:

1. Your temp staffing agency 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 up to 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.

And remember, with Paragon, there are no long-term contracts. Our agreements allow you the flexibility to factor what you want, when you want. You can pick and choose the accounts that you want to factor.

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.

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.

Flexibility

Paragon's lets you factor the invoices you want, when you want, with no long term contracts. We let you factor as much or as little of an account as you wish. You factor only what is advantageous to you.

Available Cash Lets You Win More Business And Get Discounts From Suppliers

Big companies can take longer to pay you. This can restrict your available cash and make it difficult to complete orders or perform larger jobs. Factoring can give you the available cash to quick pay your suppliers. As little as a 2% quick pay discount can cover the greater part of your factoring cost.