Wisconsin’s #1 Source for Invoice Factoring and Accounts Receivable Financing
Money Fuels Your Wisconsin Business Since 1994
When cash flow stalls, it compromises your ability to run your company. How many times have you put aside bills, lost sleep over payroll, or couldn’t pay suppliers when they asked for payment? There is a time during each month, for all growing Wisconsin businesses, when outstanding receivables are keeping you grounded. If only you could get paid today on work you completed, your business would take off. You can get immediate cash for your business with the Paragon Factor.
We provide funding to the industries that matter to Wisconsin, from dairy/cheese manufacturing, to fruit & vegetable processing, to leather, wood and paper manufacturing.
Paragon Provides The Capital You Need
Simply put, factoring means that Paragon advances you up to 90% of the invoice amount immediately, and gives the remaining balance when your clients make full payment. As soon as you complete the work or deliver your product, you can submit your invoice to Paragon for factoring. 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 and you’re not locked into a long-term contract. 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 business.
Get The Capability To Make Things Happen Immediately
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 Wisconsin 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 Wisconsin your business is located, Milwaukee to Madison, Green Bay to Kenosha, Paragon is available to service all your invoice factoring needs.
You decide which accounts to factor and when to do so. You decide when it is advantageous for you to factor. Paragon does not lock you into long term contracts like some other companies.
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 Wisconsin business is the purpose of The Paragon Factor.
Increased cash flow can enable you to quick 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.