Whether you’re a start up business, a seasonal business, or a young growing company, it’s inevitable that at some point, you will have customer concentration issues. Depending on one big account, or a few accounts for all your business can be difficult. Good luck trying to find a bank to lend you money in those circumstances. Unlike banks or other factoring companies, Paragon Financial doesn’t shy away from single client factoring. We understand the difficulties of growing a young company. In 1994, Paragon was a young business as well, and someone had to give us our shot. Without the help of a more aggressive funding source, things would have been more difficult. Paragon would like to be that funding source for your business. If banks or other factoring companies are turning you down because you’re young and you have only one or two clients, give us a call.
With Paragon Financial, working with young companies is what we do. Either through our invoice factoring or purchase order financing programs, we can get young companies the funds they need quickly. If you have a growing business and you deal with credit worthy customers we can advance you up to 95% on your outstanding invoices. We will wait the 45-60 days for your customers to pay.
Paragon Financial has provided working capital solutions for young companies for over 20 years. Our accounts receivable financing program has the flexibility to advance up to 95% of the invoiced amount. We offer not only invoice factoring programs, but we also provide payroll funding, purchase order financing, government contract financing, letters of credit, and supplier guarantees for small to larger companies across a wide variety of industries throughout the United States. We have a quick and easy approval process that can be set up in as little as 3 business days. In most cases, we provide same day funding once we receive an emailed copy of the invoice.