Account Receivable Factoring and Factoring Invoices for Your South Carolina Business
Getting your South Carolina Business Cash since 1994
When outstanding receivables are preventing your business from covering payroll and paying your suppliers, your business suffers. If your invoices were paid right away, could your South Carolina business soar Paragon Factor gets you cash right now.
Paragon Serves As Your Cash Flow Engine
In the simplest terms, factoring means Paragon advances you up to 95% of the invoice amount immediately, and provides the remaining balance when your clients settle in full. Your receivables can be submitted for factoring directly upon completion of work or product delivery. Cash flows directly and instantly to you. No dealing with delays or collection issues. We can often assume all credit risk and responsibility for client payment. At the end of the process Paragon will receive a small fee. Set-up time for our service can be as little as two to three business days and we do not lock you into a long-term contract. Paragon allows you the freedom to factor only when you need it, and as often as you like. Our approval decision is based on your customer’s ability to pay, not on the credit of your business.
Paragon Gives You The Capability To Make Things Happen 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
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
Log onto Paragon’s real time reports system. Check collections, print out account reports and more.
If you have clients that need friendly reminders, let our experienced call personnel contact your past due accounts. At your request, our professional team can even apply appropriate pressure to remind clients of their obligations.
Wherever in South Carolina your business is located, Columbia to Charleston, Rock Hill to Mount Pleasant, Paragon is available to service all your invoice factoring needs.
Paragon’s agreements give you the flexibility to factor what you want, when you want, without requiring long term contracts. You choose which accounts that you wish to factor. Unlike some other companies, Paragon does not require you to factor everything. We only want you to use factoring if and when it’s beneficial for you.
Let Us Help Your South Carolina Business Grow And Prosper
Cash flow enables you to go after bigger clients and contracts. Because larger companies can take longer to pay, you may find it difficult to accomplish large jobs or to fill big orders. Giving you the capability to grow your South Carolina business is The Paragon Factor.
Increased cash flow can enable you to quick pay your suppliers. This can allow you ask for trade discounts from suppliers. Often, as little as a 2% quick pay discount can cover some, if not all, of your factoring costs.
Paragon serves all areas of South Carolina, including Greenville, Spartanburg, and Summerville.