Washington’s #1 Company Offering Accounts Receivable Financing and Invoice Factoring.
Providing Washington with cash flow solutions 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 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 Serves As Your Cash Flow Engine
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 Gives You The Power To Make Things Happen Now
Increase Cash Flow
Get money as soon as you finish the work. Paragon does not ask for equity in your company, nor are you taking on additional debt. We provide the capital you need and to keep your Washington business growing.
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 Washington your business is located, Seattle to Spokane, Tacoma to Vancouver, Paragon is available to service all your invoice factoring needs.
Paragon’s lets you factor the invoices you want, when you want, with no long term contracts. We let you factor as much or as little of an account as you wish. You factor only what is advantageous to you.
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 Washington 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.