Chattanooga TN

Chattanooga, TN’s Source for Business Cash through AR Financing, Non-Recourse Invoice Factoring & PO Financing

Chattanooga 423-558-0424 CALL OR TEXT!

For 24 years, Chattanooga businesses have been choosing Paragon Financial to meet their working capital needs through Paragon’s Non-Recourse Invoice Factoring and PO Funding Programs.

Chattanooga is one of America’s most start-up friendly cities. Notable Chattanooga businesses include Access America TransportBlueCross BlueShield of TennesseeCBL & AssociatesThe Chattanooga BakeryChattem, the world’s first Coca-Cola bottling plant, Coker TireU.S. Xpress Inc.Covenant TransportDouble ColaCraftWorks Restaurants & BreweriesLuken CommunicationsMiller & Martin, the National Model Railroad AssociationReliance PartnersRepublic Parking SystemRock/CreekTricycle Inc., and Unum. The city also hosts large branch offices of CignaAT&TT-Mobile USA, and UBSMcKee Foods Corporation, the maker of nationally known Little Debbie brand snack cakes, is a privately held, family-run company headquartered in nearby Collegedale, Tennessee.

What Is Invoice Factoring?

Invoice Factoring is a financial transaction and a type of debtor finance in which a business sells its accounts receivable (invoices) to a third party (factoring company) at a discount. A business will sometimes factor its receivable assets to meet its present and immediate cash needs. It might also factor their invoices to mitigate credit risk. Factoring is commonly referred to as accounts receivable factoring, invoice factoring and sometimes erroneously accounts receivable financing.

Read more about What Is Invoice Factoring?

What is the Invoice Factoring Process for Chattanooga Businesses?

The invoice factoring process

STEP 1 – INVOICES INTO CASH

Chattanooga businesses have Open B2B or B2G Invoices and need cash now.

STEP 2 – VERIFICATION

Paragon verifies your customers are creditworthy and love your product and services.

STEP 3 – SAME DAY CASH

The same day we wire you 80-90% of all your open Invoices.

STEP 4 – BALANCE RECEIVED

In 30-60 days, your customer pays the lock box and you get the balance less Paragon’s minimal fees.

STEP 5 – REPEAT

Repeat when you have new invoices for continued, unlimited working capital!

Who is Invoice Factoring for?

  • Chattanooga Startups, Turndowns, Bank Exiting or underperforming Banking Relationships
  • Personal Credit of Owner is not an issue; we look at your customer’s ability to pay
  • Businesses looking for Competitive Finance Rates
  • Fast Growing Companies with sales of $30,000-$10,000,000 per month
  • Paragon can move Quickly on New Client or High Growth Client Approvals
  • All Industries

What are the Benefits of Purchase Order Financing for Chattanooga Businesses?

  • PO Financing is not a loan
  • PO Financing Pays Your Suppliers or gives them Payment or Vendor Guarantees
  • PO Financing allows you to take on bigger orders
  • PO Financing with Paragon includes AR Management
  • You can leverage our fulfillment and logistics expertise
  • Credit protection against bankruptcy through Paragon’s Non Recourse Factoring

From Government to Cable Industry, from Oil & Gas  to Manufacturing, Business Owners have successfully grown their companies with Paragon Financial’s Non-Recourse Invoice Factoring, AR Management, Credit Protection and Purchase Order Financing Programs.

Get fast working capital for your Chattanooga business!

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

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