Vermont’s #1 Source for Invoice Factoring and Accounts Receivable Financing
Fueling Your Vermont Business Since 1994
Are there times when outstanding receivables are compromising your ability to run your Vermont business? How many times have delays in cash flow kept you from paying your suppliers or lose sleep over payroll? Have you wondered if your growing business would take off if you could only get your receivables right away? You can get immediate cash for your business with the Paragon Factor.
Let Paragon Serve As Your Cash Flow Machine
In the simplest terms, factoring means Paragon advances you up to 90% of the invoice amount immediately and provides the remaining balance when your clients settle in full. Your receivables can be submitted for factoring directly upon completion of work or product delivery. Cash flows directly and instantly to you. No dealing with delays or collection issues. We can often assume all credit risk and responsibility for client payment. At the end of the process, Paragon will receive a small fee. Set-up time for our service can be as little as two to three business days. Paragon allows you the freedom to factor only when you need it, and as often as you like. Our approval decision is based on your customer’s ability to pay, not on the credit of your business.
The Paragon Factor Gives You The Power To Make Things Happen Now
We Improve Your Cash Flow Without Increasing Your Debt
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 Vermont business.
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 clients with past due accounts. We make sure to handle all calls in a professional manner. After consulting with you first, Paragon is fully capable of applying pressure when needed.
Wherever in Vermont, your business is located, Burlington to Essex, Rutland to Colchester, 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. We do not ask you to sign on to any long-term contracts. 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.
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 Vermont 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.