Account Receivable Factoring and Factoring Invoices for your Missouri Business
Fueling CASH to Your Missouri Business Since 1994
Lack of available cash can compromise your ability to pay vendors and cover payroll. If you could get paid for your outstanding receivables right now, could your Missouri business truly soar? Paragon Factor can get you that cash now.
Let Paragon Serve As Your Cash Flow Machine
For a small charge, Paragon can advance you up to 90% of your invoices right now. You get the balance when your clients complete payment. You can establish an account with Paragon in as little as two to three days. Approval for factoring invoices is based on your client’s ability to pay, not on your credit. From that point on, as soon as you make delivery or complete a project, you can submit your invoices to Paragon for factoring with Paragon assuming responsibility and credit risk.
The Paragon Factor Gives You The Power To Make Things Happen Now
Improve Cash Flow Without Additional Debt
Factoring is not a loan, so you’re not incurring any debt. Paragon asks for no equity stake in your company. You get money immediately upon completion of work while maintaining full command of your company.
Customer Credit Services
At no extra cost, Paragon now acts as your in-house credit department. If you’re thinking about doing business with a new client, give Paragon a call. We can give you detailed information on their credit and payment history. Paragon can help you stay clear of doing business with bad companies.
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 clients with past due accounts. We make sure to handle all calls in a professional manner. After consulting with you first, Paragon is fully capable of applying pressure when needed.
Wherever in Missouri, your business is located, Kansas City to Saint Louis, Springfield to Independence, Paragon is available to service all your invoice factoring needs.
Our agreements allow you the flexibility to factor what you want when you want. You can pick and choose the accounts that you want to factor. Some companies will require you to factor everything. Not here at Paragon. We only want you to use factoring if and when it’s beneficial for you.
Get Supplier Discounts – Win More Business
Improving cash flow for your company is the ultimate goal of factoring. Often, the big guys take longer to pay you, this can make it difficult to fill larger orders or perform big jobs. Prompt payment to suppliers can allow you to ask for trade discounts.
Getting as little as a 2% discount for quick pay to your suppliers can cover some, if not all, of your factoring cost.
Paragon serves all areas of Missouri, including Columbia, Lee’s Summit, O’Fallon, and Saint Joseph.