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

Staffing Company

eCapital provided $900,000 factoring facility to a veteran-owned temporary staffing agency that specializes in the placement of healthcare professionals for the U.S. government. The company chose eCapital’s Commercial Finance division because it required a lender that understood the government contracting business and could quickly scale according to its contract demands.

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Receivable Financing for Janitorial and Hospitality Staffing in Connecticut

Paragon was able to provide a $750,000 factoring line of credit to the staffing firm. The receivable financing program kept their working capital at strong levels and maintained a healthy profit margin with the casinos.

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Payroll Funding

Paragon was able to get factoring in place in less than five business days and the staffing company met their payroll deadline on Friday, a critical component for their continued business.

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Texas Company Gets Financing FAST - Payroll Issues - IRS Lien

Speedy Factoring to the Rescue Client: A staffing company based in DeSoto, Texas, with many government contracts Industry: Staffing Situation: In business for five years, the Company hit a growth spurt and began factoring with another company. Unfortunately, they fell behind on their payroll taxes and the IRS put a lien on their business. Their factor cut them off immediately, on a Monday. But, they had a huge payroll to meet on Friday, just five days away. They conducted an Internet search and called Paragon Financial. We found their track record with the other factor was clean and the dilution

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Paragon Financial Group (Paragon) announced that it has provided a $500,000 invoice factoring line of credit to a start-up staffing company. The financing will enable the Company to take on global contracts and expand. The Carnel, Indiana-based entrepreneur is a current Paragon client who was opening a new business and needed factoring to establish themselves and grow. Read More Money When Your Business Needs It Most!™

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security guard staffing financing factoring

Financing Growth Through Factoring Client: A Raleigh, NC area veteran-owned staffing agency providing unarmed security personnel. Industry: Security Guard Staffing Situation:  The Company had won a $2 million one year self-renewing contract from the U.S. government to provide security personnel for the Mine Health and Safety Academy. This personnel would require a high-end security clearance, which meant higher pay, putting pressure on the Company’s cash flow. Their bank line of credit provided enough funding for their other endeavors, but this project required all new financing, which the bank was not willing to provide. Without financing, the Company would have to

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Paragon Financial Group has closed a staffing deal with a company headquartered in Carmel, Indiana. Credit terms have been extended to an invoice factoring line that will help the company meet payroll and continue to grow in their staffing business. Money When Your Business Needs It Most!™

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