Small Business Finance Blog

Top 10 Benefits of Disaster Recovery Invoice Factoring

Natural disasters are simply a part of life. Fires, hurricanes, winter storms, tornadoes, tsunami, and earthquakes can reach havoc on local economies. As a business, it’s imperative to keep ahead of the risk and be well prepared when the worst does come. Paragon’s special disaster assistance program provides emergency non-recourse invoice factoring, credit protected working capital for companies across the US that are affected by a disaster. These affordable and fast working capital options help companies stay cash positive through the increased demand for critical cleanup and repair. Paragon’s funding program assists with FEMA contract financing and those companies awarded ... Read More

How to Win (& Finance) Government Contracts

No one can invest in your small business like Uncle Sam. The U.S. government pumps more than $1 trillion each year into both small and large businesses in the form of government contracts. Nearly $440 billion of that goes to small businesses according to Business News Daily. Many of these contracts are specifically available to Small Disadvantaged Businesses (SDB) or to enterprises that are veteran-owned or minority-owned. The government sets formal goals for the kinds of businesses in which it wants to invest its contract dollars. 23% of prime contracts to small businesses 5% of prime and subcontracts to women-owned ... Read More

Dig a Well Before You Need One – Starting a Commercial Financing Relationship

The best time to dig a well is when you don’t need one. The result is also right: don’t wait until you need one to get one. The same is valid for establishing a relationship with a commercial finance company. The best time to begin a financing relationship is before you’re in dire need of one. Don’t wait until it’s too late for someone to get to know you and your business. Benefits of a Commercial Finance Company Relationship: A commercial finance company provides liquidity to small and medium-sized businesses through the purchase of accounts receivable, or through a loan ... Read More

How to Become a Factoring Broker

There’s little substitute for earning extra cash operating a home-based enterprise with completely flexible hours, even on a part-time basis. Being your boss and having the freedom to work when you want is possible. That is exactly how being a “Factoring Broker” works. You can make money right from your home (or office for that matter), by merely referring qualified businesses that need extra short-term funding.  Moreover, what companies do not need more funding? You do not even have to be an expert in corporate finance. You can pursue this by yourself. Better yet, team up with others to have ... Read More

Bad Credit Asset-Based Lending (ABL)

Getting a small business loan is a real challenge no matter what kind of credit you have. It gets gruesome for companies with a bad credit score. Or perhaps you are a start-up or newer business looking for business financing. Many small businesses with these challenges are looking into different types of asset-based loans (ABL) when bad credit or being non-bankable is an issue. We are here to help you navigate through the process of landing fast, affordable funding for your non-bankable small business. First, let’s look at the variables involved in your unique situation with a checklist: Start-up Business ... Read More

A Guide to Starting a US Import Trade Business with Financing Options

Starting and Financing a US Import Trade Business is not an easy task. Here is a guide to get started and to have financing in place from Paragon Financial, a 25-year old non-recourse factoring and import trade financing company. Export and Import are not new terms. The business of trading (importing and exporting) has been going on for 10,000+ years. Trade had made it possible for the middleman and the pioneers in the export and import business to become rich and prosperous and create the Great Houses. Even today, when a business goes global, it leads to the generation of ... Read More

We all know that the banks do not provide a friendly credit environment to the commercial cleaning industry. If they offer any money, it usually isn’t enough. This often leads to an inability to grow your company due to a lack of funds. Well, there’s a type of financing out there that is greatly increasing in popularity in the janitorial industry. We call this Factoring. This type of financing concentrates on your customer’s ability to pay, not yours. How to Get Working Capital using Your Invoices Factoring is the sale of your accounts receivable (invoices) to a funding source at ... Read More

Agricultural Supply Chain Funding with PACA

As a part of being in the agriculture industry, you have worked hard to create, import, or distribute the perishable fruits and vegetables that keep American families healthy. As a backbone of American society, you deserve to have the confidence and comfort of being able to grow your business and take care of your family with consistently available cash in the bank. At Paragon, we understand that when it comes to perishable goods, how difficult it can be to find a PACA lending source who understands and is willing to work with the complexity. With the Perishable Agricultural Commodities Act ... Read More

What is Invoice Factoring without Recourse?

What Is a Non-Recourse Factoring Agreement? Thinking about invoice factoring without recourse for urgent cash flow or for working capital to grow your small business? Well, it may seem like there are a lot of factoring options out there for small business. All accounts receivable factoring options are not equal. Likewise, factoring companies (also known as, “factors”) are not all the same. Many factoring companies only offer to factor “with recourse.” More experienced and long-standing factoring companies offer to factor “without recourse.” Invoice factoring without recourse or non-recourse factoring is an agreement within a factoring contract where the factor’s client does not have ... Read More

Are Factoring Fees Tax Deductible?

Here’s Your “No Bull” Advice and “Big Picture” Rundown About Federal Tax Deductions and IRS Reporting for Domestic Factoring Financing To file for tax deductions available from your factoring arrangement, be sure to turn to a reputable and experienced tax preparer. To better understand your factoring agreement, talk with your factoring company professional representative who knows their stuff. Your tax preparer will need to address a few questions and sort out reporting requirements for you. Here are a Few Key Questions to Handle: Is factoring fees tax deductible? If your factoring agreement calls for invoice sale advance payments to incur ... Read More

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