Invoice Factoring For Importers
- Importers Get Cash as fast as 24 hours
- Up to 95% of Your Invoice Immediately Paid
- Meet Payroll without Delay
- Grow your Import Business
- Client Credit Services
- Accounts Receivable Management
Since 1994, Paragon offers importers and importing companies cash flow programs through the invoice factoring, purchase order financing and account receivables programs. Paragon understands the specific needs of importers including offering rapid services and handling high volume purchase orders.
“Paragon has helped me execute orders in which I would otherwise not have been able to; Paragon has been a key factor in our ability to grow.” NY Importer – read the full story
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.
Paragon advances you up to 95% of your invoices right now. You get the balance when your clients complete payment. Here’s how invoice factoring for importing companies works in three simple, easy steps:
- Your importing 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 up to 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.
Paragon Gets You Money To Run Your Business
Improve Cash Flow Without Additional Debt
Invoice factoring is not a loan, so you’re not incurring any debt. We ask for no equity stake in your company. Money immediately upon completion of work. You maintain full command of your business.
Customer Credit Services
At no extra cost, Paragon now acts as your in-house credit department. If you’re thinking about doing business with a new client, give Paragon a call. We’ll give you detailed information on their payment and credit history. Paragon can help you stay clear of doing business with bad companies.
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 clients with past due accounts. We make sure to handle all calls in a professional manner. After consulting with you first, Paragon is fully capable of applying pressure when needed.
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. Some companies will require you to factor everything. Not here at Paragon. We only want you to use factoring if and when it’s beneficial for you.
Get Supplier Discounts – Win More Business
Improving cash flow for your company is the ultimate goal of invoice factoring. Often, the big guys take longer to pay you, this can make it difficult to fill larger orders or perform big jobs. Prompt payment to suppliers can allow you to ask for trade discounts.
Getting as little as a 2% discount for quick pay to your suppliers can cover some, if not all, of your factoring cost.