Why Would A Small Business Use Factoring Services

­Why SMBs Use Factoring Companies for Funding Working Capital and Increasing Cash Flow When your small business or mid-sized company needs working capital with flexibility or fast financing, factoring companies provide needed cash flow. A factoring company takes on the burden of waiting for accounts receivable invoice payments and in return provides your business with a timely cash advance. This receivable financing, also known as invoice factoring, is a flexible and fast financing alternative to traditional bank business loans. Factoring is when an accounts receivable invoice is essentially sold at a discount by your business to a factoring company, referred to ... Read More

factoring tax issues

If you have debt to the IRS, obtaining financing or working capital for your business is difficult at best – unless you work with a funding source that can help fix your tax issues and provide the necessary working capital at the same time. Factoring tax issues is a working capital solution many did not know was an option. Paragon Financial is ahead of the curve in dealing with the back-taxes problem. We have access to up-to-date information on IRS liens, levies, tax compliance history, business name discrepancies, accrued tax liabilities, and IRS installment agreements – every relevant piece of information ... Read More

debtor in possession dip financing

For many distressed companies, there is hope for new financing. If they file for bankruptcy protection, they may be able to take advantage of debtor-in-possession (DIP) financing to help them reverse course and return to profitability. It is typically available to companies where lenders believe the company has a credible chance and a viable plan to turn itself around from bankruptcy. The term “Debtor-in-Possession” refers to the fact that the current management and board of directors remain “in possession” of the company following its bankruptcy filing. Many small business owners are not aware that they can obtain financing to turn their ... Read More

Single Client Factoring

There are companies that only have one or two large clients that make up their revenue source. A good example would be a company that supplies Toyota, Cargill or Target, and these large companies are their only customer.  What happens when this company needs to obtain financing from a bank?   Banks or lenders are most likely not going to approve the company because is the lack of a diverse client base. At Paragon Financial, we can provide working capital to businesses that have a single client or client concentration. Your company gets the working capital it needs through credit protection, accounts receivable ... Read More

Factoring broker commissions

For over 24 years our goal at Paragon has been to give brokers the tools to grow your financial intermediary business and to help entrepreneurs in your community.  If you refer a deal to us, we pay commission for the life of the account. All you have to do is give us a name and a number. If we close the deal, you get the commissions. Imagine getting a check in the mail every month for a simple referral!  It can be an ongoing salary! Our sweet spot is companies who sell on Net 20-90 day terms with B2B or ... Read More

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