New York’s Top Company for Accounts Receivable Financing and Invoice Factoring.
FAST Cash Your New York Business Since 1994
Lack of available cash can compromise your ability to pay vendors and cover payroll. If you could get paid for your outstanding receivables right now, could your business truly soar? Paragon Factor can get you that cash now.
Paragon Serves As Your Cash Flow Engine
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 New York business.
The Paragon Factor Gives You The Power To Make Things Happen Now
We Improve Your Cash Flow Without Increasing Your Debt
Factoring is not a loan, so you’re not incurring any debt. We don’t ask for any equity stake in your company. You receive your money immediately upon completion of work. You maintain full control of your New York 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 can give you detailed information on their credit and payment history. Paragon can help you stay clear of doing business with bad companies.
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.
Wherever in New York your business is located, New York City to Buffalo, Rochester to Yonkers, Paragon is available to service all your invoice factoring needs.
You decide which accounts to factor and when to do so. You decide when it is advantageous for you to factor. Paragon does not lock you into long term contracts like some other companies.
Available Cash Lets You Win More Business And Get Discounts From Suppliers
Big companies can take longer to pay you. This can restrict your available cash and make it difficult to complete orders or perform larger jobs. Factoring can give you the available cash to quick pay your suppliers. As little as a 2% quick pay discount can cover the greater part of your factoring cost.
Paragon serves all areas of New York, including Syracuse, Albany, New Rochelle, Mount Vernon, Schenectady, and Utica.