Accounts Receivable Financing and Invoice Factoring for your Mississippi company
FAST CASH for Your Mississippi Business Since 1994
Are outstanding receivables compromising your ability to run your company? Have stalls in cash flow prevented you from paying your suppliers or payroll? Have you wondered if your growing business would take off if you could only get paid for your completed work right now? You can get immediate cash for your Mississippi business with the Paragon Factor.
Paragon Provides The Capital You Need
The process is called factoring, and in the simplest terms, it means Paragon advances you up to 90% 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. 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 customers’ ability to pay, and not the credit of your young, growing Mississippi business.
Get The Capability To Make Things Happen Immediately
Improve Your Company’s Cash Flow Without Additional Debt
This is not a loan, so you incur no additional debt. Paragon doesn’t ask for an equity stake in your company. We get you the money you are due immediately upon completion of work. You will maintain full command of your business.
Client Credit Services
If you need us, Paragon can act as your in-house credit department at no charge. Check up on new clients before starting a business with them. Paragon can give you their complete payment and credit history so you can avoid problems.
Accounts Receivable Management
Our online reports provide you with up to the minute reports on your account. Printing out reports for your accounts is a mouse click away.
Paragon is not a collection agency, but we do have an experienced team of callers that can put in friendly reminders to past due accounts. After consultation with you, Paragon can remind clients of their obligations.
Wherever in Mississippi, your business is located, Jackson to Gulfport, Biloxi to Hattiesburg, Paragon is available to service all your invoice factoring needs.
Here at Paragon, we allow you to use factoring when and if it is favorable for you and your company. We do not ask you to sign on to any long-term contracts. With Paragon, you choose the accounts that you want to factor and, unlike other companies, we do not require you factor the entire account. You get the flexibility to factor what you want, when you want, if and when it’s advantageous for you.
Acquire More Business – Get Discounts From Your Suppliers
Factoring gives you the capital to pursue bigger contracts and clients. Paragon gives you the ability to expand your Mississippi business. When funds are available, you can pay your suppliers quickly. Sometimes getting as little as a 2% quick pay discount from vendors can absorb most of the cost of factoring.