Business Financing

Who Benefits From Cash Against Documents (CAD) Transactions? International trade can be a tricky business on both sides of the border. Straight credit is ideal but usually impossible to obtain when trying to purchase goods from an overseas exporter. Cash Against Documents (CAD) financing is the solution that helps ensure that exporters get their money on time. At the same time, this also helps importers get the goods that they need for their business. What does Cash Against Documents Mean? Simply put, CAD financing is a method in which an importer pays for goods before receiving them. To ensure satisfaction of ... 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 separate 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

If you have a 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 ... Read More

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

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

For many distressed companies, there is hope for new financing. If your company is going through a chapter 11 bankruptcy; has filed for bankruptcy protection, you may be able to take advantage of DIP financing. Debtor-In-Possession Financing helps companies owners to reverse course and return to profitability. What is Debtor-in-Possession Financing? DIP Financing is available to companies where lenders believe the company has a credible chance to turn 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 ... Read More

From Texas to Alaska, crude oil prices are plummeting, rig counts are falling, drilling permits are down and so is employment. At the same time, banks are tightening lending terms along with credit lines for oil, gas and energy suppliers. Financing is becoming harder to come by, but these same businesses must have working capital to get through times of cheaper gas prices. The goods news is oil prices are cyclical and lower prices will eventually lead to more demand. Invoice factoring and PO Funding is perfect for oil/gas suppliers to weather the storm. When banks are no longer lending, Paragon ... Read More

For five years, U.S. consumers have been undergoing a massive debt reduction: Paying off credit cards, paring back spending and building up funds for a rainy day. Investors, though, have been looking to see whether Wall Street banks are lending for a positive sign that the economic recovery is picking up steam. Last week, investors got a sign—though not quite as positive as they may have hoped. For banks like JPMorgan Chase and Bank of America—which each reported “core” loan growth in the single-digit percent range—the uptick in borrowing came from high net-worth clients in their brokerages, not from the consumer banks. “Households ... Read More

The oil and gas boom continues into 2014 and its impact is wide to a myriad of industries and suppliers. The oil and gas boom is producing millions of jobs with the hydrocarbon sector creating jobs faster than Silicon Valley. Employment is up 40% in the oil and gas fields since the recession began in late 2007. Every one of the 10 states like Texas, Oklahoma and North Dakota where hydrocarbon production is on the rise, overall employment growth has outperformed the nation. Direct employment in the oil and gas industry rose 40% from 2007 through 2013. Compare that to ... Read More

What is WIP? Work in progress (WIP) is the part of the inventory that is currently being worked on and is yet to be a finished good.  It is the part of the production process in-between the raw material and finished goods.  WIP includes items that are being fabricated or waiting for further processing or in storage. WIP for Manufacturer If the product is pre-sold to a creditworthy customer and your business has a stable manufacturing process this unfinished product can be leveraged for funding.    Paragon Financial is one of the few non-bank lenders offering WIP financing. There are many ... Read More