THE CHANGING LANDSCAPE OF CABLE/TELECOM

Posted by on September 22, 2017 in | 0 comments

“We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next ten. Don’t let yourself be lulled into inaction.” – Bill Gates As a 23 year funder of the cable and telecom industry, Paragon Financial closely monitors changes within the industry.  This allows us to proactively help cable/telecom vendors, suppliers and contractors succeed.  We all are watching as talks continue of Charter Communications acquiring Cox Communications, the impact of Charter acquiring Time Warner Cable Inc. and Bright House Networks LLC, and Altice NV acquiring Cablevision and Suddenlink. There are other players to watch such as Google Fiber, Apple TV, and Netflix. Even with the slow roll-out of Google Fiber, they are still poised to further shake up the industry which cannot be ignored.   “We don’t think Google Fiber is an experiment, a regulatory ploy, or just a bluff to keep incumbents in check or get them to upgrade their networks. We believe the potential to build a large, profitable business is one of the main motivations for Google.” says Bernstein Research analysts Carlos Kirjner and Peter Paskhaver. From a content standpoint, Netflix has grown from being a movie provider to a television company with Emmy winning programming. The release of all the episodes simultaneously around the world is a hugely disruptive strategy, one that has already altered consumer expectations. And the splash at the Emmys let talent, audiences and rivals know how serious they are with future plans. Apple TV continues its rise in popularity with over 37 million sold according to Strategy Analytics. Using Apple TV sales as a proxy for the market (which includes Chromecast, Roku, AmazonFireTV, etc.), the data is telling us that the trend away from traditional TV is accelerating rapidly.  According to a recent WSJ article, the next generation Apple TV is a true set-top replacement capable of streaming live TV channels, recording TV a la TiVo, accessing internet programming, streaming on-demand shows/movies and serving as the content aggregator.  Consumers will receive all of this in a beautiful user interface with their credit card pre-loaded, making consumption frictionless. The future of the industry is happening right now and we are here to help.  For 23 years the cable/ telecom industry has been coming to Paragon Financial for working capital solutions and credit protection.  We understand your situation and will help you navigate through these uncertain, but growing times. CABLE SALES AND INSTALLERS – GET FUNDED TODAY Apply Securely, call 888-400-5931 ext 1 or email...

Read More

The Benefits of Invoice Factoring for Your Telecom Vendor Business

Posted by on March 30, 2016 in | Comments Off on The Benefits of Invoice Factoring for Your Telecom Vendor Business

A small business depending on a large telecom company to pay their bills on time can quickly find themselves in a financial rut. Invoice factoring for telecom suppliers will not only keep your service up and running; it can put you ahead of your competitors. How Does Invoice Factoring for Telecom Businesses Work? Factoring receivables is an alternative funding solution for businesses. It does not require you to hand over a part of your business to a third party, nor will it put you into debt. Instead, you are advanced the money that your telecom clients owe you. What this means is that rather than having to wait for 30, 60 or even 90 days for their customer’s accounts payable department to send you a check, you can have up to 90% of your funding within 24 hours of generating an invoice for your customers. Is Collateral Required With Invoice Factoring? The “collateral” a telecom company is providing for a factoring cash advance is the invoice, which is the guarantee that the money will be paid back. No machinery, stakes in the business or another type of collateral is required by the factor who is advancing you the funds. How Much Does Invoice Factoring Cost a Telecom Vendor? Since accounts receivable financing is not a loan, there are no accruing interest charges just factoring fees paid in arrears after your customers pay the factor. Factoring companies “buy” the invoice from you at its value, minus the 20% reserve of the total bill. Once the notification factoring company has received full payment from your client, you are given the balance minus their fee. That small fee (1.5-3%) is easily recoupable when you generate new business from a steady flow of working capital cash. Qualify for invoice financing! Use our fast, safe and secure online application or Toll-Free 888-400-5931. Why Would a Supplier to a Telecom Company Need AR Factoring? Large telecom companies are working with dozens of smaller contractors. These can be small sales personnel providers, cable installers, and disconnect companies. They are also working with large contractors to install underground and cable lines. When your business sends them an invoice for the telecom service you provided, it is lumped together along with everyone else’s. You then have to wait for their accounts payable department to resolve your invoice and send it to your receivables. In the meantime, you need to pay your sales people, buy more cable or add a van to your fleet, which can be difficult for small businesses and startups, who are operating “hand to mouth.” The funding solution lies in having those invoices purchased in advance by a third party, giving you the cash flow you need almost immediately after the invoice is created for the job. Who Collects Payment after an Invoice is Sold? One of the added benefits to receivables invoicing is that you do not have to bother with collecting from your clients. The non-recourse factoring company is paid by them directly, and the risk of delinquency and lack of payment is reduced because you have credit insurance with each factoring arrangement. They can also be used to provide credit histories for new customers before you begin doing work for them. Does AR Factoring Impact a Business’ Credit Standing? AR factoring is not done through a bank loan or traditional lenders, but rather with the help of alternative business finance companies who look at factors other than credit ratings. Not only is the business’ credit rating unaffected by factoring their invoices, but no credit check of your business is required to be...

Read More

Cable Construction, Kissimmee, FL

Posted by on July 9, 2013 in Cable Installers, Success Stories | 0 comments

Paragon Financial has provided a $650,000 invoice financing line of credit to a Kissimmee Florida Cable Construction firm.

Read More

11/14/2011 – Paragon Financial Group Provides $1,000,000 Accounts Receivable Factoring Line for Tennessee Cable Contractor

Posted by on November 15, 2011 in | 0 comments

FOR IMMEDIATE RELEASE Ft. Lauderdale, FL, 11/14/2011, Paragon Financial Group, Inc. today announced a new accounts receivable factoring line with a door-to-door cable sales and installation contractor headquartered in Goodlettsville, Tennessee, near Nashville. The contractor established the new business to market cable sales and installation services to residential customers.  With over 13 years previous experience in the industry, getting sales wasn’t he problem.  Handling the growth and capital needs with receivable out 45-60 days was the problem. A fellow veteran in the telecom industry and current Paragon client recommended the contractor call Paragon to discuss what financing options would best suit his needs.  The accounts receivable factoring program Paragon offers is exactly the type of receivable financing the company was looking for.  The contractor settled on terms of the agreement with Paragon and is now looking forward to expanding his company with cable sales and installation services. Aside from door-to-door cable sales, the contractor has also developed a theft proof cable enclosure system that uses multi-dwell unit (MDU) enclosures and pedestals to prevent thieves from pilfering cable from major cable providers.  In 2009, the system was put to the test by Comcast in the Nashville area.  The results led to an end of cable theft in that targeted area.  Since then, the system has produced a 20 percent increase in customer base, which proves its performance is lucrative.  The device will be used by Cox Communications and Comcast markets in Tennessee, Arkansas, and Virginia. Financing telecom subcontractors is one of Paragon’s specialties. We provide business financing solutions for subcontractors or contractors dealing with the major providers such as Comcast, Cox Cable, AT&T, Time Warner, Mediacom, and more. Paragon works with a wide variety of companies within the cable industry, including cable installation, door-to-door cable sales, drop bury, disconnects, and boring contractors.  We also provide working capital solutions to a variety of small to larger businesses in multiple other industries through our accounts receivable factoring and purchase order financing programs. For additional information, contact: Chris Curtin Paragon Financial Group 954.524.4840 phone 954.524.3533 fax chris@paragonfinancial.net...

Read More

8/02/2011 – Paragon Financial Group Issues $1 Million Receivable Financing Facility to Ohio Based Cable Corporation

Posted by on September 2, 2011 in | 0 comments

FOR IMMEDIATE RELEASE Miami, FL, 8/02/2011, Paragon Financial Group has provided a receivables financing facility to a cable company that provides installation services for Time Warner Cable.  Company headquarters are located in Cleveland, Ohio, with two additional offices in Florida. The company was founded seven years ago to provide cable installation services.  Business continued to progress with Time Warner Cable as their primary customer.  Time Warner was so pleased with their efforts that they decided to expand their territory.  The increase in sales was great for business, but the growth created cash flow and payroll funding difficulties. The owner needed to quickly obtain financing so he could meet the increased overhead and funding for payroll.  Receivables financing was his answer.  Another factoring company referred him to Paragon Financial because the factor was not comfortable with the challenges of the cable industry and knew of Paragon’s expertise in factoring cable companies. Michael Rossi, President of Paragon states that, “Cable companies often have difficulty with cash flow and payroll funding due to having to wait 30-60 days for payment on their receivables.  That’s where Paragon comes in.  We factor the receivables and provide them with an immediate cash infusion upon completion of work.  From startup companies to the more established, we find unique ways to get companies the funds they need quickly.” Financing cable contractors is one of Paragon’s specialties. We provide business financing solutions for cable contractors dealing with the major providers such as Comcast, Cox Cable, AT&T, Time Warner, Charter, and more.  Paragon works with a wide variety of companies within the cable industry, including cable installation, door-to-door cable sales, drop bury, disconnects, and boring contractors.  We also provide working capital solutions to a variety of small to larger businesses in multiple other industries through our receivables factoring and purchase order financing programs. For additional information, contact: Chris Curtin Paragon Financial Group 954.524.4840 phone 954.524.3533 fax chris@paragonfinancial.net www.paragonfinancial.net # #...

Read More

Back to Top

Get Started Immediately