Textiles & apparel financing

The textiles and apparel industry is a major player in the global marketplace worth several trillion dollars. With such large amounts of capital flowing through the textile and apparel industry, funding options such as non-recourse accounts receivable financing and purchase order funding are ideal.  Here are 10 fascinating facts about the industry: The global textile and apparel industry, which includes fabrics, clothing, footwear and many other manufactured goods, is currently worth nearly $3 trillion. The world childrenswear market is expected to reach beyond $266 billion in 2016, marking a 31 percent increase in five years. Global bridalwear is expected to be valued ... Read More

Factoring-company-future

Understanding the market trends of the future will mean success or failure for your business. It is easier to sell into an expanding marketplace than a contracting one. Think to outsource vs buggy whips and how much the economy has changed in the last fifteen years. Fifteen years ago a positive mention in PC Magazine helped propel Google, housing prices were soaring and Lehman Brothers were business as usual. Ten years ago, people were unsuccessfully predicting the rise of eBay drop-off stores and $200/barrel oil. Five years ago who had heard of Uber? Sales success is derived from a little ... Read More

Non-Notification-Invoice-Factoring

What is Non Recourse Invoice Factoring? Do different factoring companies have different definitions of the Invoice Factoring of Receivables Without Recourse? What is Recourse vs Non Recourse Factoring? And most importantly, how do I protect myself and my company from the “Nuclear Option”? Statistics show that less than 20% of Accounts Receivable Financing Companies utilize credit insurance as part of their Non-Recourse Invoice Factoring product. Why is that number so low? First, you have to have a strong balance sheet and credit culture to qualify as the large insurers who offer credit insurance have very strict guidelines. Paragon passes both hurdles ... Read More

One of the most frustrating things in the US is having a high growth business but dealing with legacy unpaid taxes or tax liens. It is very difficult to deal with your financial needs with the unpaid tax albatross hanging around your businesses neck. However, for 22 years we have been helping businesses get the working capital they need who have unpaid taxes or tax liens. A few things that separates Paragon from other AR Funding & PO finance companies: 1) Is this their area of expertise? For 22 years we have been negotiating with the IRS on the client’s ... Read More

factoring tax issues

If you have debt to the IRS, obtaining financing or working capital for your business is difficult at best – unless you work with a funding source that can help fix your tax issues and provide the necessary working capital at the same time. Factoring tax issues is a working capital solution many did not know was an option. Paragon Financial is ahead of the curve in dealing with the back-taxes problem. We have access to up-to-date information on IRS liens, levies, tax compliance history, business name discrepancies, accrued tax liabilities, and IRS installment agreements – every relevant piece of information ... Read More

temp staffing growth payroll

Temp jobs in the US are booming with a 57 percent increase from 2009 to 2014. This means staffing companies are also feeling the boom. A growing staffing company equals an increased need for working capital, higher payrolls, and larger overhead overall. Nearly 3 million people are employed in temporary jobs from Lakeland, Florida to Omaha, Nebraska. Analysis from CareerBuilder shows that number will continue to rise. Temporary employment is expected to increase 13 percent (354,877 jobs) from 2014 to 2019.  Staffing agencies need to be financially prepared to handle the additional workload. CareerBuilder put together a list of fast-growing ... Read More

Computer user support staffing

Computer user support specialists provide support and assistance to individuals and organizations using computer hardware and software. From Baltimore, Maryland to San Antonio, Texas these temp jobs have seen a 47.8% in year-to-year hiring according to new research by WANTED Technologies. “Staffing firms are being hired to fill excess jobs that HR teams can’t fill internally either due to overall challenging conditions or lack of internal recruiting time and resources especially for these jobs with niche skill sets,” said Meredith Amdur, president, and CEO of WANTED Technologies. 17,895 computer user support specialist temp staffing jobs were added between 2013 – ... Read More

Financing staffing industry

Founded in 1994, Paragon offers Fast Growing Labor, Guard, IT & Staffing Companies an alternative to bank financing. When banks either WILL NOT loan or offer TOO LITTLE funds, Paragon promptly supplies a steady stream of cash through Invoice Factoring. Our Programs Invoice Factoring, Accounts Receivables Financing & Credit Protection 90% Advance Rates with Online Invoice Submission, Reporting and D&B Reports The Famous Paragon “Soft Touch” with your Clients Paragon can move Quickly on New Client or High Growth Client Approval versus slow Bank Underwriting. Optional Back Office services are also available. Target Clients Startups, Turnarounds, Bank Exiting and Non ... Read More

supply chain financing

If you are a small business owner who supplies goods or services to large customers, you may be able to obtain needed cash flow through supply chain financing. Supply chain financing or reverse factoring is typically a three-way relationship among a supplier, a large customer, and a factoring firm. The customer in effect pre-approves invoices from a given supplier and commits to paying the invoices. Because of the customer’s higher credit rating, the factor is willing to conduct the transaction at a lower fee to the supplier. The factor pays the supplier based on the customer’s credit and will then ... Read More

debtor in possession dip financing

For many distressed companies, there is hope for new financing. If they file for bankruptcy protection, they may be able to take advantage of debtor-in-possession (DIP) financing to help them reverse course and return to profitability. It is typically available to companies where lenders believe the company has a credible chance and a viable plan to turn itself around from bankruptcy. The term “Debtor-in-Possession” refers to the fact that the current management and board of directors remain “in possession” of the company following its bankruptcy filing. Many small business owners are not aware that they can obtain financing to turn their ... Read More

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