Agricultural Supply Chain Funding with PACA

As a part of being in the agriculture industry, you have worked hard to create, import, or distribute the perishable fruits and vegetables that keep American families healthy. As a backbone of American society, you deserve to have the confidence and comfort of being able to grow your business and take care of your family with consistently available cash in the bank. At Paragon, we understand that when it comes to perishable goods, how difficult it can be to find a PACA lending source who understands and is willing to work with the complexity. With the Perishable Agricultural Commodities Act

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FOR IMMEDIATE RELEASE Ft. Lauderdale, January 31, 2015 – Paragon Financial Group has seen a significant 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 most significant 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

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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 import is a 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

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Vendor Financing for Food Service Suppliers

For over 25 years Paragon Financial has been providing working capital to food manufacturers, distributors and service providers when business loans have not been possible.   We provide working capital to these vendors needing to close on important deals, get cash quickly from AR, and meet payroll through accounts receivable financing, purchase ordering funding and credit protection.    Paragon positions themselves as industry partners and continues working with clients once they are funded to help ensure success.  Many of our food service providers work for the top restaurant groups in the U.S. Below are the top 15 hottest restaurants according

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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. Money When Your Business Needs It Most!™

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