Accounts Receivable Financing and Invoice Factoring for your Florida Business
- Florida Companies Get FAST Cash
- Florida Based Funding Since 1994
- Facturación Amistosa en Español
- Up to 92% of your invoice advanced
- Payroll is funded
- Cash Flow is Improved
- Customer Credit Services
- Accounts Receivable Management
We meet the financing needs of a full range of industries in Florida including staffing, import/export, construction materials, manufacturing, tourism, high tech and many others.
Paragon is based in Ft Lauderdale and we work with companies all over the Sunshine State helping them with their factoring and cash flow needs, for example:
An Orlando based 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 financing options, another Company chose Paragon Financial over other options because we could offer three different financing solutions all in one place, a rarity. We provided a $1 million Invoice Factoring 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 freight 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 financing options, the Company 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.