The majority of American entrepreneurs begin their business venture with little to no cash reserve. Not that they intended to start that way, but because they ran into unexpected costly hurdles. These unforeseen expenses place tremendous force on your ability to operate efficiently enough to stay ahead of your competition.
Bank’s credit guidelines are strict. Chances are, unless you’re a seasoned business with a proven track record and good corporate credit, they won’t grant you any credit line. With a lot of startup companies, the only viable asset is the account receivables they currently have outstanding. With that kind of a balance sheet, it’s difficult to find the funds necessary to thrive in your competitive industry.
With Paragon Financial, working with startup companies is what we do. Either through invoice factoring or purchase order financing programs, we can provide you a lifeline of fresh capital to stay on the frontline of your industry.
If you work with credit worthy customers we can advance you up to 95% on your current outstanding invoices. We will wait the 45-60 days for your customers to pay. No longer will you have to turn down contracts or large orders because you are undercapitalized.
Paragon Financial has provided working capital solutions for startup 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.