Most young companies have limited capital resources. Business owners often spend most of their startup capital getting the equipment or materials needed to establish the business. Often times the initial funds can get tied up in the first couple of orders and growth opportunities become limited.
Unless you’re a more seasoned business that has a profitable track record for a number of years, the banks won’t talk to you. With a lot of small to medium size companies, their only viable asset can be the account receivables they currently have outstanding. With that kind of a balance sheet, it’s difficult to find the funds necessary to grow your business.
With Paragon Financial, working with undercapitalized companies is what we do. Either through invoice factoring or purchase order financing programs, we can get undercapitalized companies the funds they need quickly. If you have a young business and you deal 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 undercapitalized 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.
Give us a call today and we will get you started today.