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


Some people may think back to their school days when upon seeing the term Notice of Assignment. However, a Notice of Assignment has nothing to do with what your teacher assigns. It’s a tool that factoring agencies use to help small to large businesses receive the liquid cash to grow and thrive within their market. Today, many companies partner with a receivable factoring company to create the A/R financing they need to succeed. An essential step in this partnership is the creation of a Notice of Assignment. What is In a Notice of Assignment? As the first means of communicating

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Protecting Your Business from Future Uncertainty

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 favorable 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

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Factoring Tax Issues

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

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What is Single Client Factoring or Client Concentration Factoring

There are companies that only have one or two large clients that make up their revenue source. A good example would be a company that supplies Toyota, Cargill or Target, and these large companies are their only customer.  What happens when this company needs to obtain financing from a bank?   Banks or lenders are most likely not going to approve the company because is the lack of a diverse client base. Factoring can provide working capital to businesses that have a single client or client concentration. Your company gets the working capital it needs through credit protection, accounts receivable factoring and AR

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Factoring Importers – Canadian Goods

At Paragon Financial, we work with importers bringing in goods from Canada, providing their businesses working capital to succeed.  Quickly and efficiently leveraging purchase order financing, cash against documents funding, accounts receivable financing, and credit protection. Below are several interesting facts about Canadian goods being imported into the U.S: Canada ranks #2 behind China for the most imports into the U.S.   U.S. goods imports from Canada totaled $332.1 billion in 2013(the latest statistics available), a 2.5% increase ($8.1 billion) from 2012, and up 50% from 2003. U.S. imports from Canada are up 308% from 1993 (Pre NAFTA). Additionally, U.S. imports

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A Guide to ‘What is Factoring?’

What is Factoring? Factoring, or sometimes referred to as Invoice discounting, is a commonly used financing tool for small businesses. When a small company sells its goods or services, it generally offers payment terms to its customers rather than require cash at the time of sale. There are many sound reasons for this business practice; including increasing sales and developing long-term relationships. When such a transaction takes place, the business is left with an account receivable which it holds on its books until the customer pays it turns into cash. What is a Factoring Company? A factoring company specializes in

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