Florida Government Factoring
Get Immediate Cash To Finance Your Government Contract
PARAGON FINANCIAL
Provides these services:
- State of Florida Government Contract Financing
- Invoice Advances
- Purchase Order Financing
- Letters of Credit
- Supplier Guarantees
Paragon Financial now offers a new Vendor Financing Program for State of Florida suppliers. We are targeting small and medium-sized businesses in need of contract fulfilment financing. If you are a State of Florida government vendor – you are automatically eligible for financing.
We are the local specialists for all State of Florida government vendors cash flow related issues. Headquartered in Ft Lauderdale, Paragon has over 24 years of experience working with the various agencies within the State of Florida. We work with Local, Municipal, Florida State Government, Federal Government and non-governmental entities.
This is How We Can Help Your Business:
As a business owner, you know that a contract with the state of Florida or other government agency could represent a huge opportunity to grow your business. But, you’re also aware of the issues that come with the opportunity, cash flow shortages or constraints or tightened cash flow.
The State of Florida can take 30, 60, up to 90 days to pay your invoices. This is, in turn, can tie up your operating capital and leave you short on cash when it comes to working capital, payroll and paying suppliers… so you’re forced to pass up new contracts and opportunities. But it doesn’t have to be that way; our financing can help your business succeed.
Paragon Serves as Your Cash Flow Engine
The process is called ‘factoring’, and in the simplest terms, it means Paragon advances you up to 80% of the invoice amount immediately and gives the remaining balance when your clients settle in full. Invoices can be submitted for factoring directly upon completion of work or product delivery. Revenue flows directly and instantly to you. No delays. No collection hassles. We can often assume all credit risk and responsibility for client payment. In return, Paragon receives a small fee at the end of the process. Set-up time can be as little as 2 or 3 business days and you’re not locked into a long-term contract. Paragon allows you the flexibility to factor only when you need it, and as often as you like. We base our approval decisions on your customer’s ability to pay, not yours and come through even when the banks say “No”.
The Paragon Factor Gives You the Power to Make Things Happen Now
Improve Cash Flow Without Additional Debt
Customer Credit Services
Accounts Receivable Management
Paragon provides on-line, real-time reporting. You can log on anytime and see updated aging reports, collection reports, and more. Backdate certain reports and print them out directly for internal use or accounting purposes. Paragon is not a collection agency, but we do have a team of callers that put in friendly reminders to accounts when they get past due. We make sure to handle all calls in a professional manner. When discussed with you first, Paragon is fully capable of applying the heat when needed.
Flexibility
Win More Business-Get Supplier Discounts
Ultimately, this is the goal of factoring. With your new-found cash flow, you can now go after larger contracts and bigger clients. The big guys often take longer to pay and it’s difficult to perform big jobs or fill larger orders when you don’t have the cash flow to sustain it. The ability to grow your business is The Paragon Factor. In addition, you can now ask for trade discounts from your suppliers. Often times getting a 2% discount for quick pay to your suppliers can help absorb some, if not all, of your factoring cost.
Get fast working capital for your Florida business!
Apply Securely, call 888-400-5931 ext 1 or email us.
Money When Your Business Needs It Most!™
- Rates as low as 1%
- 888-400-5931
