Food Distributor, Dallas Texas – Invoice Factoring

Posted by on May 8, 2014 in Food Distributor, Success Stories | 0 comments

Paragon Financial has provided a $500,000 invoice factoring line of credit to a food distributor in Dallas Texas.

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Dallas Texas Organic Candy Company – Invoice Factoring

Posted by on November 1, 2012 in Manufacturer / Distributor, Success Stories | 0 comments

Paragon Financial Group (Paragon) announced that it has provided a $425,000 invoice factoring line of credit to an organic candy company with headquarters in Dallas, Texas. Read More

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11/01/2012 – Paragon Financial Group Provides Texas All-Natural Organic Candy Company with a $425,000 Factoring Line of Credit

Posted by on November 1, 2012 in | 0 comments

Paragon Financial Group announced that they have provided a $425,000 factoring line of credit to an organic candy company with headquarters in Dallas, Texas. The facility will enable the company to take on a new private labeling contract from a large food distributor. The company was started five years ago by a local attorney who had always had a dream of starting a high quality, all natural, organic candy business. The company prides itself on their USDA Certified Organic candy products, containing nothing artificial and amazing taste. Prior to this large contract, the company had done smaller private labeling to high end food distributors such as Whole Foods. The company approached Paragon seven months ago, when they were involved in smaller, private labeling. “We set up a relationship at that point”, said Michael Rossi, President of Paragon Financial Group. “When they recently received a very large contract from a single distributor, because of our on-going relationship we were able within days to help them obtain the line of credit they needed to be able to quickly fulfill the deal. It’s this sort of commitment to on-going sales relationships that allow us to stay in contact with our prospects and provide them the services they need when the time arrives” When they turned to Paragon their main issue was the need for a much larger amount of financing than in the past in order to fulfill an individual contract. Traditional bank financing would have been a problem because this was spontaneous growth from a sole client. When the big deal came in, because of the company’s 7-month prior relationship with Paragon, Paragon was able to quickly get them the financing they needed in order to fulfill. With Paragon’s factoring line of credit, the company now is able to take on orders for their new distributor and provide their organic candy to the masses. About Paragon Financial Group For over 18 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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Dallas Texas Telecommunications

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

Paragon Financial Group (“Paragon”) today announced that it has provided a $500,000 accounts receivable financing line to a Dallas Texas telecommunications company. The facility will provide ongoing working capital to grow the Company. Read More

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12/15/2011 – Paragon Financial Group Provides $500,000 Accounts Receivable Financing Line To Texas Telecommunications Company

Posted by on December 19, 2011 in | 0 comments

FOR IMMEDIATE RELEASE Ft. Lauderdale, FL, December 15, 2011: Paragon Financial Group (“Paragon”) today announced that it has provided a $500,000 accounts receivable financing line to a telecommunications company. The facility will provide ongoing working capital to grow the Company. Headquartered in Dallas, TX, the company provides telecommunication and infrastructure services to Comcast, mainly providing underground cable installation and tower services at construction sites. The Company’s two owners had worked in the industry for many years and had struck out on their own two years ago. The Company landed a valuable new contract with a prime cable provider.  In order to meet the personnel demands of the new contract, the company needed to add technicians, which meant increased payroll, benefits and related expenses. Waiting 30, 60 or sometimes 90 days for invoices to be paid put the Company in a cash crunch and they were unable to meet new payroll expenses. Although the company was aware of accounts receivable financing, they had not considered it until they heard about Paragon through their broker. Paragon’s receivable financing quickly provided the company with the cash flow they needed, when they needed it, so they could take advantage of new contracts and continue to grow their young company. “The company has the potential to double their business with the accounts receivable facility in place,” said Michael Rossi, President of Paragon Financial Group. “We are happy to help this young company grow and succeed. Financing cable contractors is one of our specialties. We have been working with cable contractors since 1994 and have the expertise and industry knowledge that clients can rely on when looking for a financing partner.” ABOUT PARAGON FINANCIAL GROUP Paragon provides business financing solutions for cable contractors dealing with the major providers such as Comcast, Cox Cable, AT&T, Time Warner, Charter, and more.  We work 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: Media Contact: Lisa Rubano (724) 979-4293 # #...

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