01/31/2015 – Paragon Financial Group Sees Large Increase in Food & Beverage Import Industry Financing

Posted by on January 31, 2015 in | 0 comments

FOR IMMEDIATE RELEASE Ft. Lauderdale, January 31, 2015 – Paragon Financial Group has seen a major increase in the working capital needs of their food & beverage importer clients throughout the last quarter of 2014 and into 2015. Paragon’s import clients closely followed the biggest revenue gains in US food & beverage imports (US Census Bureau) between 2013 and 2014 including wine, beer and spirits, meat products, fish, nuts, coffee and olive oil. “We have seen an increased demand for funding with many of our clients importing food from regions such as Spain, Chile, Peru, Ireland and Italy. Paragon is well positioned to fund these food & beverage import businesses. We quickly get import businesses the critical working capital they need”, said Jon Anselma, Paragon Financial’s Managing Partner. Paragon Financial’s premium meat import clients have seen the largest boost in financing needs along the entire supply chain. Last year, the United States imported around $4.8 billion, worth of premium grass-fed, hormone-free beef according to the New York Times. Anselma said, “This month the US lifted a ban on beef imports from Ireland after more than 15 years. Ireland’s beef exports to the US may total 119 million dollars this year. Readily available working capital is required for importers to take advantage of these opportunities. We already see an impact on funding requests.” Wine, beer and spirit importers have also seen a large demand for working capital. Much of the demand is from an increase in sparkling wine imports which is up 11.54 percent with overall wine imports up 2.53 percent over the same 10-month period last year, according to WorldCity analysis of the latest data. About Paragon Financial Group For over 20 years, US companies across all industries have selected Paragon Financial to meet their working capital needs. From government contractors to distribution companies, from staffing firms to manufacturers, business owners have successfully grown their companies with Paragon Financial’s invoice factoring, AR management, credit protection and purchase order financing programs. To get funded now, please call 888-271-9347 or...

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PO and AR financing for Olive Oil Importers

Posted by on January 23, 2015 in Accounts Receivable Financing | Comments Off on PO and AR financing for Olive Oil Importers

From Sacramento, California to Philadelphia, Pennsylvania, the U.S. has an insatiable appetite for oil olive.   And why not, the oil has no cholesterol, is high in monounsaturated fat, and high in antioxidants.  In fact, U.S. consumers devour 38.4% of the world’s imported olive oil.  They rank 3rd in terms of overall consumption behind just Italy and Spain.   Organic olive oil is even one of the top US organic imports. U.S. olive oil imports is big business and continues to rise year-to-year.  Imports have doubled since 1997 and with the retail market consisting of 59% extra virgin, 29% olive oil and 12% light-tasting.  At Paragon we actively help olive oil importers and distributors succeed through purchase order financing, cash against documents funding, accounts receivable financing, AR management and credit protection. Call us Toll-Free 888-400-5931, fill-out the form to the right or chat with us to get critical working capital for your olive oil...

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Food Distributor, Miami Florida – Invoice Factoring

Posted by on May 28, 2014 in Food Distributor, Success Stories | 0 comments

Paragon Financial has provided a $250,000 invoice factoring line of credit to a food distributor in Miami, Florida. We moved quickly to meet their working capital needs and gave them peace of mind with Paragon’s Credit Protection through Non Recourse Factoring Program. Ready for fast, secure funding now? Or to discuss Non Recourse Invoice Factoring and the Safety Net it can give your Food Distribution business, please contact our National Sales Manager, Chris Curtin via email or call him at 888-400-5931 ext 1. Money When Your Business Needs It...

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Specialty Food Distributor, Michigan

Posted by on July 9, 2013 in Food Distributor, Success Stories | 0 comments

Paragon Financial has provided a $400,000 invoice factoring line of credit to a Michigan Specialty Food Distributor.

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Cookie Distributor, Coral Gables, FL

Posted by on June 13, 2013 in Food Distributor, Success Stories | 0 comments

Paragon has provided a $250,000 factoring line of credit to a Coral Gables, Florida Cookie Distributor. We moved quickly to meet their working capital needs and gave them peace of mind with Paragon’s Credit Protection through Non Recourse Factoring Program. Ready for fast, secure funding now? Or to discuss Non Recourse Invoice Factoring and the Safety Net it can give your Food Distribution business, please contact our National Sales Manager, Chris Curtin via email or call him at 888-400-5931 ext 1. Money When Your Business Needs It...

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