Tennessee’s #1 Source for Invoice Factoring and Accounts Receivable Financing
Cash For Your Tennessee Business Since 1994
Are outstanding receivables compromising your ability to run your company? Have stalls in cash flow prevented you from paying your suppliers or payroll? Have you wondered if your growing Tennessee business would take off if you could only get paid for your completed work right now? You can get immediate cash for your business with the Paragon Factor.
Let Paragon Serve As Your Cash Flow
For a small charge, Paragon can advance you up to 90% of your invoices right now. You get the balance when your clients complete payment. You can establish an account with Paragon in as little as two to three days. Approval for factoring invoices is based on your client’s ability to pay, not on your credit. From that point on, as soon as you make delivery or complete a project, you can submit your invoices to Paragon for factoring. Paragon assumes responsibility and credit risk without locking you into any long-term contracts.
Paragon Gives You The Capability To Make Things Happen Right Now
We Improve Your Cash Flow Without Increasing Your Debt? Invoice 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 Tennessee 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.
Accounts Receivable Management
Log onto Paragon’s real-time reports system. Check collections, print out account reports and more.
If you have clients that need friendly reminders, let our experienced call personnel contact your past due accounts. At your request, our professional team can even apply appropriate pressure to remind clients of their obligations.
Wherever in Tennessee, your business is located, Memphis to Nashville, Knoxville to Chattanooga, 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. 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.
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 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.