Marina Del Ray California Fashion Accessories Wholesale Distribution Company

Posted by on November 2, 2011 in Fashion Accessories Wholesale Distribution Company, Success Stories | 0 comments

Paragon Financial Group, Inc. is pleased to announce it has provided an invoice factoring line of credit to a fashion accessories wholesaler.  The company operates its business out of Marina Del Ray, California. The funds will be used to stimulate growth. Read More

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9/15/2011 – Paragon Financial Closes $500k Receivables Financing Line for California Fashion Accessories Wholesaler

Posted by on October 17, 2011 in | 0 comments

FOR IMMEDIATE RELEASE Fort Lauderdale, FL, 9/15/2011, Paragon Financial Group, Inc. is pleased to announce it has provided an invoice factoring line of credit to a fashion accessories wholesaler.  The company operates its business out of Marina Del Ray, California. The owner incorporated in 2008 and began selling fashion accessories to retailers.  Before he came to Paragon, he had already established a receivables financing line with another factoring company.  The problem with the current factor was that they would only extend low credit limits on the retail stores he was selling to.  He soon found Paragon Financial while researching the internet and contacted their sales department directly. Once Paragon had approved the necessary increased credit limits and the old factoring company had been paid off, the client was able to get the additional funding they needed for growth. Michael Rossi, President of Paragon notes, “We run into certain situations where the prospect has exhausted their current line of credit or factoring facility.  Many times their financial institution either can’t or won’t increase their line.  In this case, the client gets stuck.  They have the ability to grow, but not the financing necessary to accommodate that growth.  It can put them in a difficult situation.” For over 18 years, Paragon has provided working capital solutions for apparel distribution companies throughout the US, servicing a variety of small to larger businesses through our accounts receivable factoring and purchase order financing programs.  We offer advances up to 95% of the invoice amount and rates as low as 1%. For additional information, contact: Chris Curtin Paragon Financial Group 954.524.4840 phone 954.524.3533 fax chris@paragonfinancial.net www.paragonfinancial.net # #...

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