Account Receivable Factoring and Factoring Invoices for your Alaska Business
- Funding since 1994
- Working Capital FAST for your Alaska business
- 95% of your invoice advanced
- Payroll Financing
- Cash Flow is Enhanced
- Customer Credit Services
- Accounts Receivable Management
We can meet the funding needs of a full range in industries in Alaska, working with oil and gas companies, seafood exporters, and more.
We worked with many companies in “The Last Frontier” state helping them with their factoring and cash flow needs, for example:
A start up company that produces renewable wood products to help relieve the environmental impact on oil drilling sites was overwhelmed with their rate of growth. In order to keep up with orders coming in, while waiting for their accounts receivable, the company needed to turn to factoring to boost their cash flow to fulfill their orders.
After doing their research, they turned to Paragon. Their biggest challenge was their primary client had soft credit and was only willing to extend Net 45 day terms. Paragon investigated the company and was able to get them the credit insurance they needed. As their only debtor, this was a 100% concentration, and while other companies would have turned them down Paragon was able to seal the deal.
Thanks to Paragon coming in and getting the debtor approved and factoring them quickly the company was able to continue on with their venture and continue growing their wood product distribution for the energy and oil industry, taking on larger and larger contracts.
Paragon serves all areas of Alaska, including Anchorage, Fairbanks, and Juneau.