Accounts Receivable Financing and Invoice Factoring for your North Carolina Business.
Fueling Your North Carolina 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 business truly soar? Paragon Factor can get you that cash now.
Paragon Serves As Your Cash Flow Engine
Get up to 90% of your receivables right now, and the rest when your clients make their final payment. Once your business completes product delivery or finishes work, you can submit those invoices for factoring. In as little as two to three days, Paragon can start providing you with the factoring services you need to grow your North Carolina business. Approval is based on your client’s ability to make payment, not the credit of your business. Paragon doesn’t require any long-term contracts. For a small fee, we provide capital to you with no delays or collection hassles.
Paragon Gives You The Capability To Make Things Happen Now
Increase Cash Flow
Get money as soon as you finish the work. Paragon does not ask for equity in your company, nor are you taking on additional debt. We provide the capital you need and to keep your North Carolina business growing.
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.
We Can Help You With Your Accounts Receivable
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 accounts when they get past due. We make sure to handle all calls in a professional manner. When discussed with you first, Paragon is fully capable of applying the heat when needed.
Wherever in North Carolina, your business is located, Charlotte to Raleigh, Greensboro to Durham 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.
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 North Carolina 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.
Paragon serves all areas of North Carolina, including Winston-Salem, Fayetteville, Durham and Cary.