Paragon Financial Group is funding during the COVID-19 crisis.

Category: Business Financing

Paragon Helps Oil and Gas Industry Suppliers Stay Afloat

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 the 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 an

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Are Bank Loans Available Again?

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

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Oil & Gas Growth Along the Entire Supply Chain

The oil and gas boom continues into 2014, and its impact is broad 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 ten states like Texas, Oklahoma, and North Dakota, where hydrocarbon production is on the rise, overall employment growth has outperformed the nation.

Direct employm

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What Is Work In Process or WIP Financing?

Work in Progress (WIP) is part of the inventory that’s currently working on and is yet to be complete.  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 storage.

Cash Flow With and Without WIP Funding
WIP Financing for the Manufacturing Industry
If the product is pre-sold to a creditworthy custom

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The Paragon “Yes” Program For Disadvantaged,  Minority & Government Suppliers & Contractors The Paragon “Yes” Program For Disadvantaged, Minority & Government Suppliers & Contractors

Founded in 1994, Paragon Financial provides fast-growing disadvantaged, minority & government suppliers an alternative to bank financing. When banks either will not loan or give too little capital, Paragon promptly supplies a steady stream of cash through Invoice Factoring.
Our Programs

Invoice Factoring

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Overview of the Staffing Services Industry

Staffing companies act as intermediaries providing contract, temporary, and permanent staff to businesses with specialized workers. Major companies include Adecco, Randstad, ManpowerGroup, Allegis, and Recruit accounting for over 20 percent of the market. The US Affordable Health Care Act and other economic and political drivers have boosted the demand for the personnel staffing industry with annual growth estimated at 6%. Small staffing companies tend to com

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