Delaware’s #1 Account Receivable Funding and Factoring Firm.
- FAST Cash for your Delaware business
- Funding Since 1994
- Payroll Funding
- Receivables Up to 90% Advanced
- Cash Flow is Improved
- Customer Credit Services
- Accounts Receivable Management
Since 1994 we have met the unique financing needs of a full range of industries in Delaware including working with companies in government, healthcare, banking, education, automotive and many others.
We work with companies in “The First State” helping them with their invoice factoring and cash flow needs, for example:
Paragon Financial Group provided a $500,000 factoring line of credit to an area rug importer headquartered in Wilmington, DE. The facility enabled the company to take on larger retail clients and grow their business.
The startup company imports a wide variety of area rugs and sells to large retailers in the United States, but needed cash to be able to pay their suppliers overseas while waiting for payment from their retailers. They looked into a variety of factoring companies and chose Paragon Financial for their experience in the import/export arena and their personable approach.
The young company was just beginning to grow, and got a big order from a large retailer. Without factoring, they would not have had the cash they needed to take advantage of the opportunity and go forward. With Paragon’s factoring line of credit, the Delaware Company was able to pay their suppliers in a timely manner, and grow their business knowing they had the resources in place to take on larger contracts.