Accounts Receivable Financing and Invoice Factoring for your Alabama Business
CASH for Your Alabama Business Since 1994
Are there times when outstanding receivables are compromising your ability to run your company? How many times have stalls in cash flow kept you from paying your suppliers or lose sleep over payroll? Have you wondered if your growing business would take off if you could only get paid today for your completed work? You can get immediate cash for your business with the Paragon Factor.
Let Paragon Improve Your Cash Flow
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. As soon as you complete the work or deliver your product, you can submit your invoice to Paragon for factoring. No delays. No collection hassles. We can often assume all credit risk and responsibility for client payment. In return, Paragon receives a small fee at the end of the process. Set-up time can be as little as 2 or 3 business days and you’re not locked into a long-term contract. Paragon allows you the flexibility to factor only when you need it, and as often as you like. We base our approval decisions on your customers ability to pay, and not the credit of your young, growing business.
Paragon Gives You The Capability To Make Things Happen Right Now
Improve Cash Flow Without Additional Debt
Factoring is not a loan, so you’re not incurring any debt. We ask for no equity stake in your company. Money immediately upon completion of work. You maintain full command of your Alabama business.
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.
We Can Help You With Your Accounts Receivable
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.
Wherever in Alabama your business is located, Mobile to Birmingham, Montgomery to Huntsville, Paragon is available to service all your invoice factoring needs.
Here at Paragon, we allow you to use factoring when and if it is beneficial for you and your company. We do not ask you to sign on to any long-term contracts. With Paragon, you choose the accounts that you want to factor and, unlike other companies, we do not require you factor the entire account. You get the flexibility to factor what you want, when you want, if and when it’s beneficial for you.
Let Us Help Your Alabama Business Grow And Prosper
Cash flow enables you to go after bigger clients and contracts. Because larger companies can take longer to pay, you may find it difficult to accomplish large jobs or to fill big orders. Giving you the capability to grow your Alabama business is The Paragon Factor.
Increased cash flow can enable you to quick pay your suppliers. This can allow you ask for trade discounts from suppliers. Often, as little as a 2% quick pay discount can cover some, if not all, of your factoring costs. Paragon serves all areas of Alabama, including Tuscaloosa, Hoover, Dothan, Decatur, Auburn, Gadsen and Florence.