Utah’s #1 Source for Account Receivable Factoring and Factoring Invoices
Since 1994 the Driving Force Of Utah Business
Has lack of available cash caused delays in paying your vendors or covering payroll? If you could get paid for your outstanding invoices immediately, could you concentrate on expanding your business? Paragon can get you that money right now.
Paragon Powers Your Company
In the simplest terms, factoring means Paragon advances you up to 90% 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.
The Paragon Factor Lets You Concentrate On Growing Your Utah Business
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 Utah 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
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 Utah your business is located, Salt Lake City to Provo, West Valley City to West Jordan, 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.
Available Cash Lets You Win More Utah 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.