PO Financing

If your company imports finished products, raw materials, or components into the U.S., you need to know about the Cash Against Documents (CAD) payment method. CAD is a process in which an importing firm must pay for goods it purchases in full before it takes ownership of those goods. The transaction typically involves a third party that retains possession of the shipping papers. The third-party will hold the items until the payment from the buyer is received. In recent years, Cash Against Documents transactions has been particularly significant. Especially in importing goods from China, a vital trading partner of U.S.

As China devalues its currency, cheaper Chinese imports are creating strong opportunities for United States importers. At the same time, with a growing middle class, China is now the third largest US export destination just behind Canada and Mexico. US exports to China have increased 198 percent over the past 10 years. Higher than any other country as stated in the US-China Business Council in its 2015 annual report. With China’s shift towards a consumer-driven growth model, the world’s factory of today will become the world’s largest importer. This also sets to be the world’s market in the next decade. Trade

Below is a chart of industries in Oklahoma that are growing fast. Business growth is a rewarding thing for the business owner but also comes with potential downsides. Working capital issues and retaining a consistent cash flow can create a difficult environment when growing. That’s where factoring comes in. Factoring for Oklahoma small business should be an important part of every growth strategy.  Whether that be receivable financing or purchase order financing. Click here to find out more about Factoring in Oklahoma Fastest? Growing Oklahoma Industries 2018? Specialty trade contractors – 31.2% Health and personal care stores – 30.6% Building

Have you said to yourself, “I wish it was easy to finance my purchase order”?  Working behind Paragon Financial’s years as a factoring company and leveraging their refined PO funding programs can make your life EASY! We give you the ability to have goods available for your clients from your sources even before you submit an invoice.  Our process is smooth, and our experience gives you the peace of mind you need when making such an important transaction. Are you a product importer, jobber, reseller or distributor? Are you a startup, turn-around, bank exiting, or have non or under-bankable relationships?  

In today’s global business environment, working capital is often in short supply, as customers usually spend more time paying their invoices than in the past. A lack of working capital can stunt a company’s growth if it doesn’t have funds to purchase goods and supplies to meet its customers’ orders. Purchase Order Financing (PO funding) provides the cash that a lot of businesses need to both fill their customers’ orders and expand their business at the same time. In essence, it advances funds to a company’s suppliers against a purchase order from a qualified customer. This is so the company

Purchase order financing(po financing) allows you to fund your purchase orders. All you need is a solid purchase order from a creditworthy client. Let’s say you have a purchase order from a creditworthy source like US Government, City of LA or a big box retailer like Walmart. For example, you have t-shirts sold to Walmart for $50,000 that cost you $35,000. Through vendor guarantees, cash against stocks or writing a letter of credit, we fund the purchase of your goods. Walmart pays Paragon and Paragon pay you minus a small fee. If you sell hard goods to creditworthy clients we

Based on the number of calls we get, there is always some confusion on the differences between Invoice Factoring and PO Funding. It’s very simple. If your company generates an invoice and you don’t want to wait to be paid, Invoice Factoring is for you. If you don’t have the money to buy the goods from your supplier to fulfill an order, PO Funding or Purchase order Financing is the answer. Simple enough? If you’d like more information on PO funding, please visit our purchase order financing page here. Perhaps visit our page on invoice factoring…   Money When Your

Vendor guarantees are an alternative to the purchase order financing. Companies who need capital to purchase goods from their vendor and have it drop shipped directly to their customer usually seek a form of Purchase Order Funding; a more costly and complex form of financing. Vendor guarantees are considerably cheaper, quicker, simpler and will help in building credit with vendors. Read more Money When Your Business Needs It Most!™

Paragon Financial Group has provided a $900,000 factoring line of credit and purchase order financing to a heavy equipment company  in Miami, Florida.   The financing will enable the Company to take on global contracts and expand. Read more Money When Your Business Needs It Most!™

The Company supplies fine linens (towels, sheets, etc.) to businesses all over the world. After years of success overseas from their Switzerland base, the Company wanted to expand domestically and incorporated in the U.S. They quickly landed a large contract with Carnival Cruise Lines in Miami. International law required them to finance the linen shipments through Cash Against Documents (CAD) financing. This way the linens would be delivered to a port in the U.S, and not released until the manufacturer was paid. Find out the financing solution   Money When Your Business Needs It Most!™