Idaho’s Top Company Factoring Company
- FAST Cash for your Idaho business
- Funding Since 1994
- Payroll Funding
- Facturación Amistosa en Español
- Up to 92% Advanced on Receivables
- Highly Competitive Rates
- Customer Credit Services
- Accounts Receivable Management
- Non-Recourse Factoring Packages
What Industries Do Your Factoring Company Specialize?
We offer factoring programs to a full range of industries in Idaho including food processing, freight/trucking, lumber and wood products, machinery, chemical products and many others. Since 1994, a wide range of businesses have successfully funded with Paragon.
Below is an example of how Idaho businesses turn their receivables into cash:
A food wholesaling company in business for 6 years recently needed to expand to a 35,000 square foot facility to keep up with the growing needs of their customers. As a food wholesaler, the company purchases food and in turn sells the food to its customers, who often take 45-60 days to pay their invoices. This made cash availability for their needed expansion an issue.
Although the company was successful, they are privately owned and have very few assets, so they were not able to receive funding for this growth through traditional banking methods. They turned to Paragon for help.
Paragon analyzed their business and accounts receivable and was able to provide the company a $500,000 factoring line of credit with an excellent low rate. With this line of credit, they were able to expand into their new facility giving them the ability for rapid growth in the upcoming years.
A receivable ‘loan’ is often your golden ticket to working capital freedom. Factoring companies provide your small business with financial flexibility and leverage that was previously not available. Purchase ordering financing, receivable financing and non-recourse invoice factoring can change your companies working capital position to positive overnight.
Where does your Factoring Company Service in Idaho?
Paragon serves all areas of Idaho, including Lewiston, Pocatello, Boise, Idaho Falls, and Nampa. We understand the unique needs of Idaho businesses and have over 2 decades of experience to back it up.
Do you Offer Factoring to Struggling Companies?
Yes, this is part of the beauty of factoring with us. We work with start-ups, companies with IRS issues, client concentration issues and other challenging financing situations. We can offer them funding at the best rates because we look at the credit of their customer. If they have excellent credit, this gives the small business great funding options they didn’t realize were possible.