Florida’s Best Non-Recourse Factoring Company with Great Rates & Immediate Capital
- Get Cash FAST
- Supplying Working Capital Since 1994
- Facturación Amistosa en Español
- Up to 90% of your Invoice Advanced
- Supplying Fast Payroll Funding
- Immediate Liquidity from your Receivables
- Customer Credit Services
A full range of industries in Florida use Paragon for their funding needs including staffing, import/export, construction materials, freight factoring, manufacturing, tourism, high tech and many others.
Paragon Financial’s headquarters is located in Ft Lauderdale supplying Florida small businesses with their factoring and working capital needs.
FACTORING CASE STUDY:
An Orlando company that imports consumer goods such as Ferrari Bicycles, Ferrari Baby gear, and The Checker Flag motorsport apparel and resells them to retail stores in the United States had an agreement with one French manufacturer to be their U.S. distributor. They had an opportunity to work with retail giants Burlington Coat Factory and Buy Buy Baby, but didn’t have the cash they needed to purchase enough product to fill the purchase orders.
In comparing funding options, the Company chose Paragon Financial over other options because we could offer three different finance solutions all in one place, a rarity. We supplied a $1 million Invoice Financing line of credit, Vendor Guarantees based on our capital strength to get imported goods released from the freight forwarder and Cash Against Documents Financing that was required by some of the Company’s manufacturers before the goods could be released from the forwarder.
Paragon took care of all the due diligence for the Cash Against Documents financing and negotiated with the vendors to accept the Vendor Guarantees to complete the deal seamlessly. Due to our one-stop-shop of financial factoring options, the Business had the ability to pay suppliers, get the goods shipped and fill purchase orders. It also gave them the working capital they needed to grow the business: since beginning our relationship the Company has expanded 30 percent.