Accounts Receivable Financing and Invoice Factoring for Your Oregon Business
Cash For Your Oregon Business Since 1994
Are outstanding receivables compromising your ability to run your company? Have stalls in cash flow prevented you from paying your suppliers or payroll? Have you wondered if your growing Oregon business would take off if you could only get paid for your completed work right now? You can get immediate cash for your business with the Paragon Factor.
Paragon Powers Your Company
The process is called factoring, and in the simplest terms, it means Paragon advances you up to 95% 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 business.
The Paragon Factor Lets You Concentrate On Growing Your Oregon Business
Keep Capital Flowing Without Increasing Your Debt
This is not a loan. Paragon gets you money for your completed work, now. We don’t ask for equity in your Oregon business, you retain full control.
Client Credit Services
If you need us, Paragon can act as your in-house credit department at no charge. Check up on new clients before starting business with them. Paragon can give you their complete payment and credit history so you can avoid problems.
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 Oregon your business is located, Portland to Hillsboro, Salem to Eugene, 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.
Win More Business – Get Supplier Discounts
Ultimately, this is the goal of factoring. With your new-found cash flow you can now go after larger contracts and bigger clients. The big guys often take longer to pay and it’s difficult to perform big jobs or fill larger orders when you don’t have the cash flow to sustain it. The ability to grow your Oregon business is The Paragon Factor. In addition, you can now ask for trade discounts from your suppliers. Often times getting a 2% discount for quick pay to your suppliers can help absorb some, if not all, of your factoring cost.