06/18/2014 – Paragon Financial Group has Experienced Rapid Growth in Spirits Industry Financing

Posted by on July 1, 2014 in | 0 comments

FOR IMMEDIATE RELEASE Ft Lauderdale FL – June 18, 2014: Paragon Financial Group has seen a major increase in the working capital needs of their spirits industry clients going into the 2nd quarter of 2014. With tequila distributors, suppliers and vendors leading the way for invoice factoring, purchase order funding and credit protection in the spirits sector. Consumer demand for high-end tequila is a major catalyst behind this need with high-end premium growing 192.6% and super premium at 455.9% since 2003 for a total of $2 billion dollars in supplier revenue for all tequila in 2013, according to the Distilled Spirits Council, Economic & Strategic Analysis Dept. American consumption of blue agave tequila increased at nearly double the growth of the overall U.S. liquor market alone. Increasing at an average rate of 4.1 percent from 2006 to 2011, according to researcher International Wine & Spirit Research. Casa Noble Tequila president and COO David Ravandi said, “It is no longer a fad. The fact that 100% agave Tequila exports have increased tremendously over the last two years is extremely positive for the product’s outlook in the years to come.” Distilled Spirits Council reports that Tequilas super-premium segment was up 9.1% by volume in the U.S. last year. Its apparent that consumers have come to understand just how different and better those Tequilas are at the top end of the category, said John McDonnell, former president, international and COO of Patrón Spirits Co. Chris Curtin, Paragon Financials National Sales Manager said, Paragon Financial is well positioned to fund the spirits sector. With Paragon’s Wine, Beer and Spirit’s expertise, we can help industry suppliers, distillers, brewers, importers and distributors; including those with challenging financing situations. Paragon also works with start-ups and companies with client concentration. About Paragon Financial Group For 20 years, companies in all industries have been choosing Paragon Financial Group 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 Financials invoice factoring, credit protection and purchase order financing programs. To get funded now, please call 888-271-9347 or visit...

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06/18/2014 – Paragon Financial Group Will Hold an All Day Invoice Factoring Education & Training Seminar/Webinar

Posted by on July 1, 2014 in | 0 comments

FOR IMMEDIATE RELEASE Fort Lauderdale FL – June 18, 2014:  Paragon Financial Group, as part of their 20th Anniversary celebration, will hold an all day invoice factoring education, training seminar/webinar on Friday June 20th, 2014 starting at 8:30 am for those interested in becoming or sharpening their skills as factoring Brokers or Financial Intermediaries. Topics covered include: Networking with referral sources How to generate leads through your own website How to quickly size up a deal and place it at the correct funder Know the difference between PO funding and Invoice Factoring Using Credit Insurance as a Marketing Tool Using tax issues as a Marketing tool Know invoice factoring terms and important points 1 hour intro to being a factoring broker from 8:30-9:30am To sign-up for the webinar and for more information visit: https://www.paragonfinancial.net/financial-intermediary-school-broker-education-training The seminar will be held at Paragon Financial’s headquarters, 200 SE 9th St. Ft Lauderdale, FL 33316. For more information, please email Chris Curtin at chris(at)paragonfinancial.net or call 954-524-4840 x221. About Paragon Financial Group For 20 years, companies in all industries have been choosing Paragon Financial Group 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 Financials invoice factoring, credit protection and purchase order financing programs. To get funded now, please call 888-271-9347 or visit paragonfinancial.net....

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05/07/2014 – Paragon Financial Group’s Eddy del Rio is a Finalist for a Rising Star Award

Posted by on May 7, 2014 in | 0 comments

FOR IMMEDIATE RELEASE Miami FL – May 7, 2014: Paragon Financial Group, Inc’s VP, Regional Marketing Manager, Eddy del Rio, is a finalist for the Model Star award presented by the Coral Gables Chamber of Commerce. This award recognizes outstanding South Florida young professionals under 40 years old that demonstrate excellence in their profession, as well as the community. Chris Curtin, Paragon Financial Group’s National Sales Manager says,”Paragon is blessed to have Eddy. He is a great family man and an asset to the South Florida community.” Along with Eddy being an invaluable part of Paragon Financial Group’s marketing and sales team he is very involved in the community, including committee work on several Chambers of Commerce. He is Trustee Diplomat for the Coral Gables Chamber of Commerce. Along with being on the Technical Assistance Committee at the Hispanic Business Initiative Fund and he is also part the South Florida Hispanic Chamber Small Business Committee. Furthermore; he served as Board Member (Vice President) of the Brickell Homeowners Association, where he worked on the association’s residential and business initiatives with city, county, and state governments. Eddy del Rio says,”I am honored to have been selected as a finalist for this esteemed award. The other finalists are exemplary individuals and it’s an achievement to be recognized along side these fine people.” The 8th Annual Rising Star Awards Signature Soirée will be held May 7th, 5:30-7:30 PM at the Barcardi USA Headquarters in Coral Gables. ABOUT PARAGON FINANCIAL GROUP For 20 years Paragon Financial Group has provided working capital solutions for growing companies throughout the U.S. We serve small to medium companies across a wide variety of industries through invoice factoring and purchase order financing up to $3 million per month in volume. Paragon is a leading source for accounts receivable factoring, government contract financing, funding companies with tax issues, payroll funding, purchase order financing, credit protection and AR management. For more information visit...

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04/30/2014 – Paragon Financial Group, Inc. Expands Product Offerings through Partnership with Newtek Business Services, Inc.

Posted by on April 30, 2014 in | 0 comments

FOR IMMEDIATE RELEASE Ft. Lauderdale, FL – April 30, 2014: Paragon Financial Group, Inc. (“Paragon Financial”), a factoring company providing invoice factoring, credit protection and purchase order financing, announced today that it has partnered with Newtek Business Services, Inc. (NASDAQ: NEWT), The Small Business Authority®. Through this partnership, Paragon Financial will offer several of Newtek’s products and services to its national multi-industry client base. Specifically, Paragon Financial’s clients will now have access to several of Newtek’s financial products and business services including commercial business loans, billing, commercial real estate, web-based payroll, business cash advance, cloud computing, web hosting, data storage, merchant processing, web services, remote deposit capture and insurance services. This partnership will also enable Paragon Financial’s clients to consult with Newtek’s business service specialists in each of the above-mentioned products and/or services, and gain assistance with choosing the best solution to suit their particular business needs. Jon Anselma, President of Paragon Financial, said, “We are looking forward to our clients taking advantage of the numerous solutions that Newtek offers small to mid-size companies that complement Paragon’s financing options.” Barry Sloane, Newtek’s President and Chief Executive Officer said, “We are pleased that such an established Company as Paragon Financial, with over 20 years of operating history, has chosen to partner with Newtek to offer several of our financial products and business services to their diverse national client base. With the shared goal of assisting businesses with their growth and ultimate success, we believe our product offerings are a perfect complement to Paragon’s existing menu of working capital solutions. In particular, Paragon’s revolving financing facility offering combines well with our term-loan program for small businesses. We believe we can reduce the costs of outsourced solutions for Paragon’s clients while simultaneously delivering state-of-the-art products and services combined with superior around-the-clock customer service. We look forward to assisting Paragon Financial with their mission of helping their clients’ businesses grow and thrive.” About Paragon Financial Group, Inc. For 20 years Paragon Financial Group has provided working capital solutions for growing companies throughout the U.S. We serve small to medium companies across a wide variety of industries through invoice factoring and purchase order financing up to $3 million per month in volume. Paragon is a leading source for accounts receivable factoring, government contract financing, funding companies with tax issues, payroll funding, purchase order financing, credit protection and AR management. For more information visit https://www.paragonfinancial.net. About Newtek Business Services, Inc. Newtek Business Services, Inc., The Small Business Authority®, is a direct distributor of a wide range of business services and financial products to the small- and medium-sized business market under the Newtek® brand. Since 1999, Newtek has helped small- and medium-sized business owners realize their potential by providing them with the essential tools needed to manage and grow their businesses and to compete effectively in today’s marketplace. Newtek provides its services to over 100,000 business accounts and has positioned the Newtek® brand as a one-stop-shop provider of such business services. According to the U.S. Small Business Administration, there are over 27.5 million small businesses in the United States, which in total represent 99.7% of all employer firms. The Small Business Authority® is a registered trade mark of Newtek Business Services, Inc., and neither are a part of or endorsed by the U.S. Small Business Administration. Contacts: Paragon Financial Group, Inc. Chris Curtin, 888-400-5931, x 221 chris(at)paragonfinancial(dot)net http://paragonfinancial.net Newtek Business Services, Inc. Simrita Singh, 212-356-9566 ssingh(at)thesba(dot)com...

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04/23/2014 – Paragon Financial Group Sees Boost in IT Staffing Funding Demand

Posted by on April 23, 2014 in | 0 comments

FOR IMMEDIATE RELEASE Ft. Lauderdale, FL – April 23, 2014: Paragon Financial Group has experienced a surge in staffing factoring lines of credit in the first quarter of 2014. Much of this growth has been seen in the IT staffing sector. According to the Staffing Industry Pulse Survey IT staffing has experienced a median year-over-year growth of 13% along with the strongest bill rate trends as compared to other segments. Paragon Financial has experienced a similar growth in the IT staffing market. Reflecting IT staffing firms increased need for additional working capital and payroll funding. In a year-to-year comparison, staffing firms in all industries employed 9.6% more temporary workers in March 2014 than in the same month a year ago, according to the U.S. Bureau of Labor Statistics. With a staffing employment increase of 59,300 jobs. “Overall our key performance indicators for technology remain at high levels for job orders, external committals and send outs, with fill ratios at an all-time high,” said Joe Liberatore, president of Kforce, a professional staffing firm. According to Paragon Financial’s President, Michael Rossi, “The IT staffing market has been instrumental in our own growth the 1st quarter of 2014. We have successfully assisted multiple IT temp staffing companies with their payroll and met their cash flow needs in order for them to take advantage of the current surge in the market.” Paragon Financial expects to see continued demand for IT staffing and other temp staffing industry working capital solutions through 2014. “Overall growth in the staffing industry is expected to by around 7% with IT staffing being a large part of this growth. At Paragon Financial we are well positioned to help the industry grow through our invoice factoring and credit protection programs.“ said Chris Curtin, Paragon Financial’s National Sales Manager. ABOUT PARAGON FINANCIAL GROUP For 20 years Paragon Financial Group has provided working capital solutions for growing companies throughout the U.S. We serve small to medium companies across a wide variety of industries through invoice factoring and purchase order financing up to $3 million per month in volume. Paragon is a leading source for accounts receivable factoring, government contract financing, funding companies with tax issues, payroll funding, purchase order financing, credit protection and AR management. For more information visit...

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