Account Receivables Factoring for Machine Shops

Account Receivables Factoring for Machine Shops

Machine shops have come a long way since their Industrial Revolution beginnings. Today we are talking about precision automotive, aerospace, and heavy truck. Likewise, construction, medical, and die/mold machining. All these shops must meet the demands of today’s global manufacturing economy.

From Columbus, Ohio to Sacramento, California, the industry employs over 78,000 people, 3,198 companies.  Such companies handle over 12.7 billion dollars in shipments.  For job shops and contract manufacturers, understanding the availability of working capital is essential to adapt to today’s economic pressures quickly.

Factoring for Machine Shops

Account receivables factoring give machine shops the ability to gain working capital fast and efficiently. A/R factoring works even for companies that have personal credit issues or tax liens. Additionally, this also beneficial to startups, client concentration, and other challenging funding issues businesses might face.

Account Receivables Factoring allows a company to turn its outstanding invoices into working capital in as little as 24 hours.   Paragon Financial is one of the few factoring companies that offer credit protection, reducing your risk across the board.

Money When Your Business Needs It Most!