Invoice Factoring For Printing Companies
Paragon Financial was founded in 1994 with the initiative to afford growing businesses an alternative to conventional Bank Financing. When the banks either couldn’t grant funds or bestowed too little, Paragon could promptly offer printing companies a steady stream of cash through the invoice factoring of their account receivables.
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 printing company, and pay suppliers. We’ll wait for your customer to pay.
Paragon provides you with up to 90% of your outstanding receivables right now, and the balance when your clients complete payment. Here’s how invoice factoring for printing companies works in three simple, easy steps:
- Your printing 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%-90% 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.
Let Paragon Improve Your Cash Flow
Improve Your Company’s Cash Flow Without Additional Debt
This is not a loan, so you incurring no additional debt. Paragon doesn’t ask for equity stake in your company. We get you the money you are due immediately upon completion of work. You will 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.
Accounts Receivable Management
Log onto Paragon’s real time reports system. Check collections, print out account reports and more.
If you have clients that need friendly reminders, let our experienced call personnel contact your past due accounts. At your request, our professional team can even apply appropriate pressure to remind clients of their obligations.
Flexibility
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.
Acquire More Business – Get Discounts From Your Suppliers
Factoring gives you the capital to pursue bigger contracts and clients. Paragon gives you the ability to expand your business. When funds are available, you can pay your suppliers quickly. Sometimes getting as little as a 2% quick pay discount from vendors can absorb most of the cost of factoring.