Accounts Receivable Financing and Invoice Factoring for Your Pennsylvania Business
Fueling Your 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 Financial helps Pennsylvania companies in a diverse range of industry such as steel, farming, mining, electronics equipment, automotive and pharmaceutical. Along with oil and gas suppliers, government contractors, IT temp staffing agencies, beer, wine & spirit vendors, cable installers and more.
Paragon Provides The Capital You Need
Get up to 90% of your receivables right now, and the rest when your clients make their final payment. Once your Pennsylvania 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 business. Approval is based on your client’s ability to make payment, not the credit of your business. For a small fee, we provide capital to you with no delays or collection hassles.
Get The Capability To Make Things Happen Immediately
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 Pennsylvania business growing.
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 accounts when they get past due. We make sure to handle all calls in a professional manner. If we discuss it with you first, Paragon is fully capable of applying the appropriate pressure when needed.
Wherever in Pennsylvania, your business is located, Philadelphia to Pittsburgh, Allentown to Erie, Paragon is available to service all your invoice factoring needs.
Here at Paragon, we allow you to use factoring when and if it is favorable for you and your company. With Paragon, you 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 advantageous for you.
Win More Business – Get Supplier Discounts
Ultimately, this is the goal of factoring. With your new-found cash flow, you can now go after larger contracts and bigger clients. The big guys often take longer to pay and it’s difficult to perform big jobs or fill larger orders when you don’t have the cash flow to sustain it. The ability to grow your Pennsylvania business is The Paragon Factor. In addition, you can now ask for trade discounts from your suppliers. Often times getting a 2% discount for quick pay to your suppliers can help absorb some, if not all, of your factoring cost.
Paragon serves all areas of Pennsylvania, including Reading, Bethlehem, and Scranton.