- Funding since 1994
- Working Capital FAST for New Mexico businesses
- Meet Payroll
- Facturación Amistosa en Español
- Cash Flow is Enhanced
- Customer Credit Services
- Accounts Receivable Management
- Credit Protection against bankruptcy
Driving CASH to Your New Mexico Business Since 1994
When outstanding receivables are preventing your business from covering payroll and paying your suppliers, your business suffers. If your invoices were paid right away, could your New Mexico business soar? We factor nearly all industries including, for example, oil and gas suppliers, government contractors, IT temp staffing agencies, Beer, Wine & Spirit vendors and Cable installers.
Paragon Provides The Capital You Need
Fundamentally, factoring provides you with up to 90% of the outstanding invoice now. You get the remaining balance when your client settles in full. Once work has been completed, or delivery has been made, you can submit your invoice for factoring. 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 customers ability to pay, and not the credit of your young, growing business.
Get The Capability To Make Things Happen Immediately
Increased Capital Without Increased Debt? Factoring brings you the money that is due to you without incurring increased debt. Paragon asks for no equity in your firm and you maintain full control of your New Mexico business.
Client Credit Services
Paragon can act as your in-house credit department at no cost to you. Before doing business with a new customer, let Paragon give you a comprehensive payment and credit history so you can avoid problem clients.
Control Your Accounts Receivable
Log on to our account manager to check your reports in real time. Print out your account data as you need it.
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 New Mexico your business is located, Albuquerque to Las Cruces, Santa Fe to Rio Rancho, Paragon is available to service all your invoice factoring needs.
Paragon allows you to use factoring when and if it is beneficial for you and your company. We do not ask you to sign on to any long-term contracts. Paragon allows you to 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 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.