Inventory Financing Gets Your Business Moving

Are a product importer, distributor, wholesaler or reseller?    Do you maintain high levels of inventory but find yourself short of cash?   Or perhaps you’d like to leverage your existing inventory turning it into cash to buy more inventory for a larger order?   Or perhaps you have little inventory but need to fulfill a big order and need cash to pay your suppliers.   At Paragon we work closely with your business and develop a way to provide you with the most efficient transaction possible. Creating a win-win transaction getting the cash you need through methods such as purchase order financing and cash against documents(CAD) or letters of credit. Benefits of Inventory Financing It is not a loan Have more cash on hand Vendor guarantees Leverage our fulfillment and logistics expertise Target Clients for Inventory Financing Companies that deal in hard goods, not services Startups, Turnarounds, Bank Exiting and Non or Under-Bankable Relationships Fast Growing Client with sales of $75,000 – $3,000,000 per month All Industries

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Factor my Purchase Order – The Easy Life

Have you said to yourself  ‘I wish financing my purchase order was easy?‘   Working behind Paragon Financial’s nearly 20 years as a factoring company and leveraging their refined PO funding programs can in fact make your life EASY!   We give you the ability to have goods available for your clients from your sources even before an invoice is submitted.  Our process is smooth and our experience gives you the piece 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?   Do you need working capital to deliver a large purchase order in a short period of time?   Are you looking for an experienced factoring company that can help make your life easy?    This is Paragon Financial. Benefits of Purchase Order Financing with Paragon Financial PO Funding is not a loan Pays Your Suppliers or gives them Payment Guarantees Allows you to take on bigger orders PO Financing with Paragon includes collections You can leverage our fulfillment and logistics expertise For more information on how Paragon Financial can help you please contact us by filling out the contact form to the right, chatting with us or calling us toll free 888.400.5931

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Letters of Credit Combined with Purchase Order Financing Can Help Seal the Deal to Obtain Needed Working Capital

In today’s global business environment, working capital is often in short supply, as customers often take longer to pay their invoices than in the past. A lack of working capital can stunt a company’s growth if it does not have the funds to purchase goods and supplies to meet its customers’ orders. Purchase order financing (PO funding) provides the cash that many 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 so that the company can deliver the product to its customers on time and with the quality required. Particularly in international transactions, however, the combination of PO funding and the issuance of a letter of credit can often provide the crucial difference needed to complete a necessary purchase of supplies. PO funding is especially useful for companies that cannot obtain traditional funding based on their own financial condition or balance sheet, for example, startups, turnarounds, and others whose balance sheets cannot support traditional banking relationships. That’s because PO financing is based on the creditworthiness of the customer, rather than that of the company selling the goods and being funded. A Letter of Credit Provides Added Assurance of Payment Purchase order funding is a viable strategy to obtain working capital for both domestic and export/import transactions. For international trade in particular, however, using a letter of credit to complement PO funding can be the essential lubricant […]

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Utilizing a Factoring Company for Growth in the Wines, Spirits and Beer Industry

Entrepreneurs engaged in the wines, spirits and beer industries often find it very difficult to finance their working capital needs. The reason is the time lag between the production, importing, distributing or selling of the alcoholic beverages, and the time when they get paid by their customers. Whether you are importing wines from Chile; distributing beverages to big box stores, specialty stores or wholesalers; producing wines in California or Washington State; or brewing beer in microbreweries in Massachusetts, New York or anywhere in between, a shortage of working capital can slow your business down, reduce annual sales, and thus overall business profitability. Get the Capital You Need as Demand Rises Whatever your end of the industry, your business should not have to be slowed or your sales reduced because of inadequate cash flow. That’s especially true when the global demand for alcoholic beverages is forecast to be on the rise in 2013 and beyond, according to a recent analysis from Moody’s Investor’s Service. Moody’s raised the outlook for the industry to “positive” from “stable,” saying that commodity cost pressures in the industry are abating, and that the demand is growing, particularly in emerging markets. Just observe what’s happening in your area — how demand for wines, spirits and beer is rising. You don’t want to lose out simply because of a shortage of working capital. To help maintain and grow your business a factoring company can be the funding solution. You can use funding programs such as invoice factoring to […]

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What is PO Financing

Purchase order financing(po financing) allows you to fund your purchase orders. All you need is a solid purchase order from a credit worthy client. Lets say you have a purchase order from a credit worthy 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 costs 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 pays you minus a small fee. If you sell hard goods to credit worthy clients we can help you. We’ve been helping entrepreneurs all over the US for almost 20 years.

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Financing for Women-Owned Businesses

Women-owned businesses are the highest growing part of Paragon’s portfolio. We understand the unique needs of women’s business and their funding needs. Paragon looks at the credit worthiness of the client you are selling to and we can handle explosive growth. Help fund your growing women-owned small business through invoice factoring, accounts receivable funding, purchase order financing, vendor guarantees and letters of credit. This type of financing is great for startups, staffing, healthcare, guard services, IT and many other industries.

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Purchase Order Funding vs Invoice Factoring

Based on the amount of calls we get, there is always some confusion on the differences between Invoice Factoring and PO Funding. It’s actually 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 …

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How Vendor Guarantees Work

Vendor guarantees are an alternative to what is more commonly known as 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, less complicated and can aid in building credit with vendors. Read more

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$900,000 Purchase Order Financing and Invoice Factoring Line for Miami Company

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

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Factoring Line of Credit for Atlanta Security Guard Staffing Firm

Paragon Financial Group announced that it has provided a $350,000 factoring line of credit to a security guard staffing group headquartered near Atlanta, GA. The facility will enable the company to take on larger contracts, meet payroll and grow their business. Read more about this security guard staffing companies $350,000 line of credit

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