Arizona Small Business Accounts Receivable Financing and Invoice Factoring
- Funding Since 1994
- Working Capital FAST for your Arizona business
- Up to 95% of your invoice advanced
- Meet Payroll
- Cash Flow is Enhanced
- Customer Credit Services
- Accounts Receivable Management
- Credit Protection against bankruptcy and insolvency
We meet the financing needs of a full range in industries in Arizona, working with mining, farming and companies working with the government, among others.
We worked with many companies in The Grand Canyon State helping them with their factoring and cash flow needs, for example:
Paragon Financial Group provided a $550,000 factoring line of credit, and vendor guarantees to a luxury shopping bag importer with headquarters in Scottsdale, Arizona. The company, which had been in business for over 10 years, ran into challenges when their suppliers refused to extend their credit. They had reached their credit limit with their overseas supplier in China, and the supplier was no longer willing to release orders without first receiving payment. The company was not able to make the payment to their supplier, as they were waiting for receivables from their local distributors.
Paragon was able to offer a vendor guarantee to the manufacturers in China.. They were in direct communication with the company their client was buying product from in China, and guaranteed them that as soon as the goods were shipped, arrived, and were accepted by the end user, Paragon would provide them direct payment from the proceeds of the factoring.
Without Paragon coming in, negotiating with the companies overseas manufacturers, and extending a factoring line of credit, the company would have been unable to continue to fulfill their client’s orders. With Paragon’s factoring line of credit combined with their vendor guarantee, the company is now able to continue importing their goods from China and selling to their distributors here in the United States, with continued growth in the future.
Paragon serves all areas of Arizona, including Chandler, Scottsdale, Gilbert, Tempe, Flagstaff, and Yuma.