Factoring Accounts Receivable for Government Contractors
Paragon Financial has been seeing the Federal Government sequester having a direct impact on their clients and prospects increasing the need for receivable factoring and purchase order factoring programs.
These delays have had a direct impact on Paragon Financial’s small business contractors. Paragon Financial has been able to help navigate their clients through the cash flow problems through factoring accounts receivable. “Our clients in the government contractor segment are being squeezed financially because of longer pay times and increased competition on contracts resulting in working capital issues. We are also being approached by SME’s who now need accounts receivable financing because of slower payments,” said Chris Curtin, National Sales Manager of Paragon Financial.