Invoice Factoring and Financing For Cable Sales and Installation Companies.
- No Waiting for Payments from Clients
- Get up to 95% of your invoice advanced
- Money to Meet Payroll
- Grow your Company
- Client Credit Services
- Accounts Receivable Management
Paragon Financial Group offers cable installation, door to door cable sales, drop bury, disconnects, and boring contractors working capital financing through our accounts receivable invoice factoring program.
We understand that waiting 30-60+ days for payment of an invoice ties up your working capital. By receiving payment immediately upon invoicing, through our factoring program, you will have the money to meet payroll, grow your company, and pay suppliers. We’ll wait for your customer to pay. If you want to hire the best performers, your technicians or door to door sales crew must be paid each week.
Paragon has been factoring cable industry related companies nationwide since 1994. We work with most of the MSO’s including Comcast, Time Warner, Cox, Charter, Bresnan, Allegiance, Brighthouse, Mediacom, Northland, New Wave, Sudden Link, and many more.
Paragon advances cable installers and sales companies up to 95% of the invoice amount immediately through invoice factoring and account receivables factoring. With the remaining balance coming when your clients settle in full. Here’s how invoice factoring for cable industry companies works in three simple, easy steps:
- Your cable company provides goods or services to creditworthy customers and then invoices them with a copy sent to Paragon.
- Paragon will fund your business with an immediate payment of 70%-95% of the received amount.
- Customers make payment directly to Paragon according to the terms of the invoice, and Paragon return the balance of the paid invoice to you minus a fee.
It’s simple as that! Get started immediately by filling out the simple and quick online application on the right-hand side of this webpage.
And remember, Paragon does not sign you on to any long-term contracts. Our agreements allow you the flexibility to factor what you want, when you want. You can pick and choose the accounts that you want to factor.
Paragon Gives You The Capability 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 business growing.
Client Credit Services
Paragon can act as your in-house credit department at no cost to you. Before doing business with a new customer, let Paragon give you a comprehensive payment and credit history so you can avoid problem clients.
We Can Help You With Your Accounts Receivable
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.
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.
Get Supplier Discounts – Win More Business
The ultimate goal of invoice factoring is to increase your available funds. This will enable you to go after bigger clients and larger contracts. Often, you will find that it takes the big guys longer to pay. This can lead to difficulties in filling larger orders and performing larger jobs. Helping you to grow your business is the purpose of The Paragon Factor.
Increased cash flow can enable you to quick pay your suppliers. This can allow you ask for trade discounts. Often, as little as a 2% quick pay discount can cover some, if not all, of your factoring costs.