Paragon Financial Group is funding during the COVID-19 crisis.

New York

New York’s Top Company For Accounts Receivable Financing And No-Recourse Invoice Factoring.

New York

The Great Seal of the State of New York

FAST Cash For Your New York Business Since 1994

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Lack of available cash in your company can compromise the ability to pay vendors, cover payroll, and much more.  Getting paid for your outstanding receivables TODAY could genuinely help your business stay profitable.   Paragon Factor can get you that cash now.  We work in most industries including Beer, Wine & Spirit Vendors, Cable Installers, Government Contractors, IT Temp Staffing Agencies, Oil and Gas Suppliers, and many more.

What Are the Benefits of Invoice Factoring?

  • Cash in your hands in as little as 24 hours
  • Up to 90% advanced on Your Invoices
  • We become your credit department
  • Payroll funding
  • IRS issues and liens can often be a nonfactor
  • Pre-approve your client’s credit
  • 27 years servicing industries of all kinds
  • Credit protection against bankruptcy through Non Recourse Factoring

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How Paragon Serves As Your Cash Flow Engine

Non-Recourse Invoice Factoring, Purchase Order Financing, Accounts Receivable Financing, and Government Contract Financing means you get the cash you need in as little as 24 hours. Paragon advances you up to 90% of the invoice amount immediately and gives the outstanding balance when your clients make full payment. As soon as you fulfill the work or deliver your product, you can submit your invoice to Paragon for factoring. 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 New York business.

How Your New York Business is Fueled Through Increased Cash Flow

How We Improve Your Cash Flow Without Increasing Your Debt?

Factoring is not a loan, so you’re not incurring any debt. We don’t ask for any equity stake in your company. You receive your money immediately upon completion of work. You maintain full control of your New York business.

What Are Customer Credit Services Provided?

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.

How Is Accounts Receivable Management Handled?

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 responsibilities.

Is My New York Business Covered?

Wherever in New York, your business is located, New York City to Buffalo, Rochester to Yonkers, Paragon is available to service all your invoice factoring needs.

How Is Flexibility Provided?

You decide which accounts to factor and when to do so. You decide when it is advantageous for you to factor. Paragon does not lock you into long-term contracts compared with some other companies.

Why Available Cash Lets You Win More Business And Get Discounts From Suppliers?

Big companies can take longer to pay you. This can restrict your available cash and make it difficult to complete orders or perform larger jobs. Factoring can give you the available cash to quickly pay your suppliers as little as a 0.9% immediate pay discount can cover the greater part of your factoring cost.

Paragon serves all areas of New York, including Albany, Mount Vernon, New Rochelle, Schenectady, Syracuse, and Utica.

Get fast working capital for your NY business!

Apply Securely, call 888-400-5931 ext 1 or email us.

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