North Dakota’s Top Source for Invoice Factoring and Accounts Receivable Financing.
Money For Your North Dakota Business Since 1994
When outstanding receivables are preventing your business from covering payroll and paying your suppliers, your North Dakota business suffers. If your invoices were paid right away, could your business soar Paragon Factor gets you cash right now. 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.
Is Your Company Oil and Gas Related?
According to the International Energy Agency, the United States will overtake Saudi Arabia as the world’s leading oil producer by about 2017 and will become a net oil exporter by 2030.
Hydraulic fracturing and horizontal drilling have driven the resurgence in oil and gas production in the United States. Many believe the oil boom is set to really take off in the next few years. The last time the oil industry went through a period of explosive growth like this, multi-millionaires — even billionaires were created.
Success is not guaranteed though. Paragon can help you succeed in these exciting times for North Dakota. Give us a call or e-mail us today with a form to your right.
We work with a variety of oil/gas suppliers including water haulers, frac sand haulers, roustabouts, vacuum trucks, environmental cleanup, excavating / dirt work, tank cleaners, pressure washing, component manufacturers, inspection services, flow back testing, gravel pit suppliers, and rig movers.
The Paragon Factor Gives You The Power To Make Things Happen Now
Keep Capital Flowing Without Increasing Your Debt
This is not a loan. Paragon gets you money for your completed work, now. We don’t ask for equity in your North Dakota business, you retain full control.
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.
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 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 Dakota, your business is located, Fargo to Bismarck, Grand Forks to Minot, Paragon is available to service all your invoice factoring needs.
Paragon’s agreements give you the flexibility to factor what you want, when you want, without requiring long-term contracts. You choose which accounts that you wish to factor. Unlike some other companies, Paragon does not require you to factor everything. We only want you to use factoring if and when it’s beneficial for you.
Get Supplier Discounts – Win More Business
The ultimate goal of factoring is to increase your available funds. This will enable you to go after bigger clients and larger contracts. Often, you will find that it takes the big guys longer to pay. This can lead to difficulties in filling larger orders and performing larger jobs. Helping you to grow your North Dakota business is the purpose of The Paragon Factor.
Increased cash flow can enable you to quickly pay your suppliers. This can allow you ask for trade discounts. Often, as little as a 2% quick pay discount can cover some, if not all, of your factoring costs.