Financing with Invoice Factoring For Oil And Gas Energy Companies
- We help finance water haulers, roughnecks, welders, riggers, roustabouts, crane operators and more.
- Get up to 95% of your invoice advanced
- Resolve Payroll Issues
- Increase Working Capital and Growth
- Client Credit Services
- Accounts Receivable Management
Since 1994 Paragon Financial Group has been offering the oil, gas and energy industry an alternative to conventional Bank Financing. When the banks wouldn’t offer you financing, Paragon could offer oil, energy and gas companies a steady stream of cash through the factoring of their account receivables or invoice factoring.
When you need cash now to be able to fulfill a large order Paragon is there for you. When you can not wait 30-90 or more days for payment of an invoice Paragon is there. Paragon pays you up to 95% of your invoice amount immediately upon invoicing, through our factoring program, you will have the money to meet payroll, grow your company, and pay suppliers. We even become your credit department.
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 Provides The Capital You Need
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.
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.
Control Your Accounts Receivable
Log on to our account manager to check your reports in real time. Print out your account data as you need it.
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.
Here at Paragon, we allow you to use invoice factoring when and if it is favorable for you and your company. We do not ask you to sign on to any long-term contracts. With Paragon, you choose the accounts that you want to factor and, unlike other companies, we do not require you factor the entire account. You get the flexibility to factor what you want, when you want, if and when it’s advantageous for you.
Available Cash Lets You Win More Business And Get Discounts From Suppliers
Big companies can take longer to pay you. This can restrict your available cash and make it difficult to complete orders or perform larger jobs. Invoice factoring can give you the available cash to quick pay your suppliers. As little as a 2% quick pay discount can cover the greater part of your factoring cost.