Oklahoma’s #1 Firm Providing Account Receivable Factoring and Invoice Factoring.
Cash For Your Oklahoma Business Since 1994
When outstanding receivables are preventing your business from covering payroll and paying your suppliers, your Oklahoma business suffers. If your invoices were paid right away, could your business soar Paragon Factor gets you cash right now. We work with most industries including, but not limited to oil and gas suppliers, government contractors, IT temp staffing agencies, beer, wine & spirit vendors and cable installers.
- Funded in as little as 1 business day
- Get up to 95% of your invoice advanced
- Factoring Since 1994
- Meet payroll obligations
- Increase Cash Flow
- IRS Issues, Liens? We can work with you.
- Accounts Receivable Management
Paragon Gets You Money To Run Your Business
Fundamentally, factoring provides you with up to 95% of the outstanding invoice now. You get the remaining balance when your client settles in full. Once work has been completed, or delivery has been made, you can submit your invoice for factoring. 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 business.
Paragon Helps Your Oklahoma Business To Grow
Improve Cash Flow Without Additional Debt
Factoring is not a loan, so you’re not incurring any debt. We ask for no equity stake in your company. Money immediately upon completion of work. You maintain full command of your 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
Paragon provides on-line, real time reporting. You can log on anytime and see updated aging reports, collection reports, and more. Back date certain reports and print them out directly for internal use or accounting purposes.
Paragon is not a collection agency, but we do have a team of callers that put in friendly reminders to accounts when they get past due. We make sure to handle all calls in a professional manner. When discussed with you first, Paragon is fully capable of applying the heat when needed.
Wherever in Oklahoma your business is located, Oklahoma City to Tulsa, Norman to Lawton, Paragon is available to service all your invoice factoring needs.
Here at Paragon, we allow you to use factoring when and if it is favorable for you and your company. We do not ask you to sign on to any long-term contracts. With Paragon, you choose the accounts that you want to factor and, unlike other companies, we do not require you factor the entire account. You get the flexibility to factor what you want, when you want, if and when it’s advantageous for you.
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.