Aerospace/Aircraft

Posted by on February 1, 2016 in | Comments Off on Aerospace/Aircraft

Non-Recourse Factoring & PO Financing For Aerospace/Aircraft Suppliers Funding the Aerospace/Aircraft Industry for over 2 decades Credit Protection Provides Extra Security We Work with Clients that are Non-Bankable Client Concentration Funding & Slow Paying Customer Experts Entrepreneur Friendly Aerospace and aircraft supply demand is surging, highlighted by the global UAV (Unmanned Aerial Vehicles) or commercial drones leading the way with an expected growth of a Compound Annual Growth Rate (CAGR) of 10.16% between 2016 and 2020. Followed by the global commercial aircraft aftermarket parts market to grow at a CAGR of 5.81% over the period 2014-2019. High levels of working capital are essential for manufacturers, importers, and distributors to keep up with the competition. When customer payments take 30 or 60 days your business can slow down and suffer. Meeting the cash flow requirements of an ever-growing payroll, new equipment purchasing, raw material and other essential operational costs can get overwhelming. >> Read our Case Study on Aerospace/Aircraft Supplier Financing Many small to medium aerospace and aircraft supplier businesses are non-bankable, but this does not mean you can not take advantage of these growth opportunities. With Paragon Financials 2 decades plus experience, companies with IRS issues, start-ups, client concentration and bad credit can qualify for funding. Non-recourse options offer credit protection against bankruptcy giving your company an extra layer of security. Take advantage of these tremendous industry opportunities through non-recourse factoring and purchase order funding. These funding packages give your aerospace & aircraft business the ability to improve working capital, keeping your company profitable and strong. Get the Cash you need Today Want some Fast & Expert Funding for Aerospace Vendors? Apply Now Money When Your Business Needs It...

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06/3/2013 – Paragon Financial Sees Increase in Purchase Order Financing Associated with Increase in US International Trade

Posted by on June 4, 2013 in | 0 comments

FOR IMMEDIATE RELEASE Ft. Lauderdale, FL – June 4, 2013: Paragon Financial Group (“Paragon”) sees exponential growth in purchase order financing demand across key industries. The United States Census Bureau’s May 2013 report matches this trend with nation’s international trade deficit in goods and services decreased to $38.8 billion in March from $43.6 billion (revised) in February, as imports decreased more than exports. Purchase order financing (PO financing or PO funding) provides an advance to a company’s suppliers against a purchase order from a qualified customer so that the company can deliver the product to its customers on time and with the quality required. Paragon Financial’s national sales manager, Chris Curtin, states, “We’ve seen rapid growth in purchase order and vendor guarantees. I believe it reflects growth of finished goods into the US.” According to the US Bureau of Economic Analysis March exports of advanced technology products were the highest on record, climbing $4.9 billion to $27.9 billion. This is a 21.5% increase from the February level of $23.0 billion. The greatest increases came from gains in trade in the aerospace group ($1.8 billion) where we currently have a trade surplus of $5.7 billion. Exports in the information and communications group increased $1.3 billion, while exports in the nuclear technology group increased $0.6 billion. PO financing provides the cash that aerospace and technology businesses need to both fill their customers’ orders and expand their business at the same time. It is particularly useful for companies that cannot obtain traditional funding based on their own financial condition or balance sheet, for example, startups, turnarounds, and others whose balance sheets cannot support traditional banking relationships. “Our purchase order funding packages have been working well for our manufacturers, importers, distributors, wholesales and exporter clients in 2013. Companies that sell physical goods often find purchase order funding a great option in obtaining working capital for rapid growth”, says Curtin. ABOUT PARAGON FINANCIAL GROUP For over 19 years, Paragon Financial Group has provided working capital solutions for growing companies throughout the U.S. They serve small to large-size companies across a wide variety of industries through accounts receivable, invoice factoring, and purchase order financing up to $3 million per month in volume. Paragon is a leading source for receivables financing, government contract financing, payroll funding, and purchase order financing. For more information visit...

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German Aerospace/Specialty Coating – Accounts Receivable Financing

Posted by on February 29, 2012 in Aerospace, Success Stories | 0 comments

Helping Fledgling International Entity Take Flight A 30 year old international specialty coating company for the aerospace industry. Industry: Aerospace/Specialty Coating Situation: This Croatian Company headquartered in Germany is the largest company in the world engaged in preparing and painting molded interior parts for commercial and business aircraft. They were offered an opportunity to sell to a Tier One supplier in the United States, with the caveat that they open a plant in California right next door to the supplier to minimize packaging and transportation costs. Immediately, they incorporated in the United States and began working with an international business consultant to help them through the process of building the plant.  But because the U.S. subsidiary was newly-incorporated, traditional bank financing to build their new site was not available. Their consultant, impressed by Paragon Financial Group’s experience working with foreign companies opening U.S.-based operations, referred the Company to us. The Deal: $850,000 factoring line of credit. Because the U.S. subsidiary was foreign-owned and had no U.S. assets, Paragon needed a cross-corporate guarantee with the parent company which was larger and more credit-worthy. We put our diplomacy and negotiating skills to work and were able to seal the three-party deal after conducting due diligence on the international ownership. Paragon helped the fledgling U.S. Company jump through many hoops along the way. Working through several layers of legalese with lawyers on both sides of the Atlantic, we ironed out the legal issues and flew out to the building site in California to get the contract signed. Our accounts receivable financing solution gave them immediate access to the cash flow they needed to support their U.S. growth, assistance managing their accounts receivable, and serve as their domestic credit department. Result: By the time the new plant was completed, the U.S. entity had the financial resources they needed to hit the ground running. Paragon’s solution had helped the Company take advantage of the opportunity of a lifetime. About Paragon: For over 23 years, Paragon Financial Group has provided working capital solutions for growing companies throughout the U.S., as well as foreign entities looking for a U.S. presence, through accounts receivable and purchase order financing up to $3 million per month in volume.  Paragon is a leading source for receivables financing, government contract financing, payroll funding, and purchase order...

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Aerospace, Garden Grove, CA

Posted by on January 17, 2012 in Aerospace, Success Stories | 0 comments

Paragon Financial Group today announced that it has provided a $850,000 factoring facility to a California aerospace company.

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