Your #1 West Virginia Source for Account Receivable Factoring and Factoring Invoices.
The Driving Force Of Your West Virginia Business since 1994
Has lack of available cash caused delays in paying your vendors or covering payroll? If you could get paid for your outstanding invoices immediately, could you concentrate on expanding your business? Paragon can get you that money right now. We work with nearly every industry including oil and gas suppliers, government contractors, IT temp staffing agencies, beer, wine & spirit vendors and cable installers.
Paragon Serves As Your Cash Flow Engine
The process is called factoring, and in the simplest terms, it means Paragon advances you up to 90% of the invoice amount immediately and gives the remaining balance when your clients settle in full. Invoices can be submitted for factoring directly upon completion of work or product delivery. Revenue flows directly and instantly to you. No delays. No collection hassles. We can often assume all credit risk and responsibility for client payment. In return, Paragon receives a small fee at the end of the process. Set-up time can be as little as 2 or 3 business days. Paragon allows you the flexibility to factor only when you need it, and as often as you like. We base our approval decisions on your customers’ ability to pay, and not the credit of your young, growing West Virginia business.
Paragon Gives You The Capability To Make Things Happen Now
Improve Your Company’s Cash Flow Without Additional Debt
This is not a loan, so you incur no additional debt. Paragon doesn’t ask for an equity stake in your company. We get you the money you are due immediately upon completion of work. You will maintain full command of your 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
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 West Virginia, your business is located, Charleston to Huntington, Parkersburg to Wheeling 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.
Available Cash Lets You Win More Business And Get Discounts From Suppliers
Big companies can take longer to pay you. This can restrict your available cash and make it difficult to complete orders or perform larger jobs. Factoring can give you the available cash to quick pay your suppliers. As little as a 2% quick pay discount can cover the greater part of your factoring cost.