Invoice Factoring and Accounts Receivable Financing for Your Rhode Island Business
Driving Your Rhode Island Business Since 1994
When outstanding receivables are preventing your Rhode Island business from covering payroll and paying your suppliers, your business suffers. If your invoices were paid right away, could your business soar Paragon Factor gets you cash right now.
Paragon Serves As Your Cash Flow Engine
Get up to 95% of your receivables right now, and the rest when your clients make their final payment. Once your business completes product delivery or finishes work, you can submit those invoices for factoring. In as little as two to three days, Paragon can start providing you with the factoring services you need to grow your Rhode Island business. Approval is based on your client’s ability to make payment, not the credit of your business. Paragon doesn’t require any long term contracts. For a small fee, we provide capital to you with no delays or collection hassles.
The Paragon Factor Gives You The Power To Make Things Happen Now
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.
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.
Control Your Accounts Receivable
Log on to our account manager to check your reports in real time. Print out your account data as you need it.
Paragon is not a collection agency, but we do have a team of callers that put in friendly reminders to clients with past due accounts. We make sure to handle all calls in a professional manner. After consulting with you first, Paragon is fully capable of applying pressure when needed.
Wherever in Rhode Island your business is located, Providence to Warwick, Cranston, to Pawtucket, Paragon is available to service all your invoice factoring needs.
Paragon allows you to use factoring when and if it is beneficial for you and your company. We do not ask you to sign on to any long-term contracts. Paragon allows you to 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 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.