Idaho’s Top Company for Account Receivable Factoring and Factoring Invoices.
- FAST Cash for your Idaho business
- Funding Since 1994
- Payroll Funding
- Receivables Up to 95% Advanced
- Cash Flow is Improved
- Customer Credit Services
- Accounts Receivable Management
Since 1994 Paragon has met the financing needs of a full range of industries in Idaho including working with companies in food processing, lumber and wood products, machinery, chemical products and many others.
We worked with companies in “The Gem State” helping them with cash flow and factoring needs, for example:
A food wholesaling company in business for 6 years recently needed to expand to a 35,000 square foot facility to keep up with the growing needs of their customers. As a food wholesaler, the company purchases food and in turn sells the food to its customers, who often take 45-60 days to pay their invoices. This made cash availability for their needed expansion an issue.
Although the company was successful, they are privately owned and have very few assets, so they were not able to receive funding for this growth through traditional banking methods. They turned to Paragon for help.
Paragon analyzed their business and accounts receivables and was able to provide the company a $500,000 factoring line of credit. With this line of credit, they were able to expand into their new facility giving them the ability for rapid growth in the upcoming years.