Chattanooga TN

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

Chattanooga 423-558-0424

• helpdesk.chattanooga@paragonfinancial.net
• Fast, Secure Online Application
• Facturación Amistosa en Español

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 Transport, BlueCross BlueShield of Tennessee, CBL & Associates, The Chattanooga Bakery, Chattem, the world’s first Coca-Cola bottling plant, Coker Tire, U.S. Xpress Inc., Covenant Transport, Double Cola, CraftWorks Restaurants & Breweries, Luken Communications, Miller & Martin, the National Model Railroad Association, Reliance Partners, Republic Parking System, Rock/Creek, Tricycle Inc., and Unum. The city also hosts large branch offices of Cigna, AT&T, T-Mobile USA, and UBS. McKee 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?

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?

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.