The Floral & Cut Flower Industries Financing Solution: Receivables Financing & Po Funding

Flower Industry Financing

Since 1994, Paragon financial has been meeting the needs of floral and cut flower importers and wholesalers through Invoice Factoring and Purchase Order funding. At Paragon, we understand time is not your friend and how to deal with dilution percentages in the floral industry.

Benefits to the Floral, Cut Flower Importer/Wholesaler include:

No Credit Risk Credit Protection
Ability to take on larger orders
Highly Competitive Rates – Contact Us for Details
Companies with tax issues can be funded
Online Accounts Receivable Management and Invoice Verification
Off balance sheet funding
Working Capital that flexes up and down with their company’s needs
Partner who understand the Floral Industry

The process to fund cut flower importation is fairly simple. You as the cut flower importer make a sale and receive a valid Purchase Order from a creditworthy client (Paragon can offer customer credit protection against bankruptcy/insolvency to cut flower importers). Using a Vendor Guarantee or Cash Against Documents (CAD) supplied by Paragon, your vendor ships goods to the US that meets quality, quantity and timeliness standards. It is critical that the Cut Flower Importer’s customers do not reject goods for any reason. This is the Purchase Order funding part of the transaction.

Once the importer’s client receives the cut flower and verifies with Paragon receipt and satisfaction with the product, Paragon then factors the invoice generated. Factoring proceeds on imported perishable goods are typically in the 80-85% range. The Invoice Factoring proceeds go to the cut flower importer’s vendor (if a Vendor Guarantee was utilized) or to pay back Paragon for the Purchase Order Financing. Subsequently, once the client of the cut flower importer pays Paragon, then the importer receives the balance of the invoice less Paragon’s original advance percentage and accrued factoring fees.