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 Sales, Boston, MA, Receivable Financing

Posted by on January 7, 2015 in Cable Sales, Success Stories | 0 comments

Paragon Financial has provided a $700,000 receivable financing line of credit to a Telecom Sales company in Boston, MA.

Read More

The Changing Landscape of Cable/Telecom

Posted by on May 23, 2014 in Business | Comments Off on The Changing Landscape of Cable/Telecom

“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 20 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 AT&T’s merger with DirectTV, Comcast with Time-Warner, and T-mobile with Sprint.  There are also new players like Google Fiber, Apple TV and Netflix that are poised to further shake up the industry which cannot be ignored.  According to a new Kansas City door-to-door survey, Google could obtain 50 percent market penetration of its 1 Gbps broadband service in the next three to five years.  For only $70 per month, Google Fiber’s broadband service is 50 to 100 times faster than what the average broadband customer is receiving today.  By comparison, Time Warner Cable offers 100-megabit Internet service – one-tenth as fast as Google Fiber – for $64.99 per month. “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 is exploding in popularity selling more than 13 million second generation devices with over half of these being sold in 2013 alone.  Using Apple TV sales as a proxy for the market (which includes Chromecast, Roku, 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 20 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.  Give Paragon Financial a call at...

Read More

Cable Industry Growth Opportunities and Funding

Posted by on May 21, 2014 in For Brokers | 1 comment

Cable industry growth is one of the bright spots of the U.S. economy. A good example is Time Warner Cable who reported a Q1 2014 earnings jump of 20%. Revenues grew by 2% to $5.6 billion, led by 11% revenue growth in broadband. The company added 269,000 broadband subscribers, the most since the first quarter of 2008. This type of growth creates opportunity for factoring brokers and financial intermediaries in the cable/telecom industry. Sharing with your banker’s, CPA’s, attorney’s and other referral sources Paragon Financial’s deep expertise in cable/telecom can funnel business your way. Big players such as Comcast send their vendors to Paragon for working capital and growth solutions, taking advantage of our 20 years experience in funding the cable/telecom industry. For more information please contact our National Sales Manager Chris Curtin via email or call 888-271-9347 ext...

Read More

Back to Top

Get Started Immediately