Accounts Receivable Financing and Invoice Factoring for your Arkansas Business
- FAST Working Capital for your Arkansas business
- Funding Since 1994
- Payroll Financing
- Up to 90% Advanced
- Cash Flow is Enhanced
- Credit Protection
- Customer Credit Services
- Accounts Receivable Management
Since 1994 we have met the funding needs to a great variety of industries in Arkansas including working with companies in agriculture, forestry, automobile parts manufacturing, oil and gas suppliers, government contractors, IT temp staffing agencies, beer, wine & spirit vendors and cable installers.
We work with businesses in “The Natural State” helping them with their factoring and cash flow needs, for example:
Paragon provided a $250,000 accounts receivable financing facility to a Company that repairs and maintains industrial machinery. The working capital was needed to hire new employees to service larger clients and grow the Company.
The Company has been in the industrial machinery business for over 20 years and operated as a sole proprietor. They changed their corporate structure to a limited liability corporation to help with growth. They began taking on larger clients who required 90 days to pay invoices. But to service those new accounts, the Company had to take on more employees, increasing their payroll and benefits costs which had to be paid immediately. In a cash crunch, they sought traditional bank financing. Since they had only just incorporated, commercial banks considered them a startup and were reluctant to lend to a “new” corporation.
Paragon was able to provide the company with the additional working capital they needed to cover the additional overhead costs and continue to grow their business. Paragon’s expertise in accounts receivable financing gave the company the comfort of knowing they had a financing partner they could count on to manage their growth.