Payroll Funding

Staffing Company Growing Pains, Payroll and Booming Temp Jobs

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 by 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

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Financing for Staffing Companies

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

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Florida Celebrates National Women’s Small Business Month Top 10 State for Fastest Growing Number of Women-Owned Firms

THE U.S. ESTIMATED 8.6 MILLION WOMEN-OWNED BUSINESSES. THEY ARE RESPONSIBLE FOR GENERATING OVER $1.3 TRILLION IN REVENUE AND EMPLOYING NEARLY 7.8 MILLION PEOPLE The Florida SBDC Network is proud to celebrate Women’s Small Business Month this October. As the fastest-growing business minority group, women-owned small businesses are an invaluable sector of the national economy. The U.S.’s estimated 8.6 million women-owned businesses are responsible for generating over $1.3 trillion in revenue. Additionally, they are employing nearly 7.8 million people. Such information is according to the State of Women-Owned Businesses Report 2013, by American Express OPEN. The report found that the rate

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QuickPay Program For Comcast, Time Warner, Cox and Other Telecom Companies

QUICKPAY: TELECOM SALES & INSTALLATION COMPANIES Paragon Financial Group offers a Quick Pay program to cable installation and door to door cable sales. This includes drop bury, disconnects, and boring contractors.   We work with most of the MSO’s including Comcast, Time Warner, Cox, Charter, Bresnan, Allegiance, Brighthouse, Mediacom, Northland, New Wave, Sudden Link, and many more.  We understand that waiting 30-60+ days for payment of an invoice ties up your working capital. Getting payment fast through our factoring program, you will have the money to meet payroll, grow your company, and pay suppliers. Click here or contact us today to

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Celebrating the Staffing Industry and Receivable Financing!

Paragon Financial will be celebrating National Staffing Employee Week, Sept. 16–22, established by the American Staffing Association to pay tribute to the millions of Americans who are employed by staffing firms every business day. Paragon Financial has been proud to offer receivable financing, payroll financing, and other essential cash flow services to the staffing industry for nearly 25 years. “National Staffing Employee Week is a salute to the important and talented temporary and contract employees who make vital contributions to the nation’s workforce and economy. We are honored to help support staffing companies across the country with their working capital

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Lighting and Energy Conservation Boston Company Payroll Funding Needs

Located in Boston, MA, a forward-thinking lighting company provides cost-effective turnkey lighting solutions from design through installation and ongoing service. In working for commercial, industrial and utility markets, each project is a vast, labor-intensive undertaking, and they relied on factoring to meet payroll. They had been working with Paragon on a steady basis. However, they perceived they needed to move toward a more traditional finance relationship. But we still kept in touch. After four years with another finance company, the Company called Paragon and asked to come back “home.” The relationship with the other finance company had soured.  Read more

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The Benefits of Payroll Outsourcing & Invoice Factoring for Staffing Firms

As the economy continues to improve gradually, staffing firms are seeing higher demand for their services. Staffing employment was up 2.4% in March vs. a year earlier, according to a report from the American Staffing Association. Further increases in staffing employment are anticipated throughout the year in a wide range of areas, including IT, healthcare, security personnel, and other sectors. As demand continues to grow, staffing companies will need to focus more and more on their core activities of working with client companies; identifying the best, most talented temp personnel for their clients; and deploying this staff into the field.

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Speedy Factoring Rescues Texas Staffing Company

A Texas staffing firm hit a period of growth and partnered with another Factoring company for additional working capital.   In the middle of their cash crunch, they weren’t able to meet their payroll taxes and the IRS put a lien on their business.    Their factor immediately cut them off leaving them with payroll to meet just five days away.  How did Paragon help? Read More Money When Your Business Needs It Most!™

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IRS Scrutinizing Small-Biz Contractor Payroll Abuses

Are your small business contractors really supposed to be payrolled employees? Billions of tax revenues have been lost to the United States because of practices like this. The IRS is giving small businesses a chance to come clean. Read the Full Story  

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Michael Rossi of Paragon Financial Group talks about payroll funding for staffing companies. Money When Your Business Needs It Most!™

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