Minnesota’s Top Source for Account Receivable Factoring and Factoring Invoices

Factoring Keeps Cash Flowing Without Incurring Additional Debt

Minnesota Business Is Powered By Cash Flow

How many times have you lost sleep over payroll? Have you ever had to delay in paying suppliers or had to put aside bills when asked for payment? Are there times during each month when your Minnesota business is hindered because of outstanding receivables? Wouldn’t it help your Minnesota business if you could get paid as soon as you finished your work? The Paragon Factor can get you the cash right now.

Let Paragon Improve Your Cash Flow

The process is called factoring, and in the simplest terms, it means Paragon advances you up to 90% of the invoice amount immediately, and gives the remaining balance when your clients settle in full. Invoices can be submitted for factoring directly upon completion of work or product delivery. Revenue flows directly and instantly to you. 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 Minnesota business.

Paragon Gives You The Capability To Make Things Happen Right Now

Increased Capital Without Increased Debt?Factoring brings you the money that is due to you without incurring increased debt. Paragon asks for no equity in your firm and you maintain full control of your business.

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.

Accounts Receivable Management

Our online reports provide you with up to the minute reports on your account. Printing out reports for your accounts is a mouse click away.

Paragon is not a collection agency, but we do have an experienced team of callers that can put in friendly reminders to past due accounts. After consultation with you, Paragon can remind clients of their obligations.? Extensive Coverage?Wherever in Minnesota your business is located, Minneapolis to Saint Paul, Rochester to Duluth, Paragon is available to service all your invoice factoring needs.

Flexibility

Paragon does not sign you on to any 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. Some companies will require you to factor everything. Not here at Paragon. We only want you to use factoring if and when it’s beneficial for you.

Get Supplier Discounts – Win More Business

The ultimate goal of factoring is to increase your available funds. This will enable you to go after bigger clients and larger contracts. Often, you will find that it takes the big guys longer to pay. This can lead to difficulties in filling larger orders and performing larger jobs. Helping you to grow your business is the purpose of The Paragon Factor.

Increased cash flow can enable you to quick pay your suppliers. This can allow you ask for trade discounts. Often, as little as a 2% quick pay discount can cover some, if not all, of your factoring costs.