Accounts Receivable Factoring: Is It Right For Your Business?

Posted by on July 28, 2015 in | 0 comments

Accounts receivable factoring is great tool for funding your company. It helps your small business get the working capital needed to maximize opportunities and keep profitable.  Below, we will discuss scenarios where receivable factoring is a funding option that makes sense. Is Your Business New? Startup businesses do not typical have a lot of working capital.  Having the ability to meet payroll, invest in a new idea or buy raw material can make or break the company.  Often times, new businesses are not able to secure bank funding giving them few options to raising capital. Selling their accounts receivables can be an effective way to raise money without taking on debt.  To be quickly approved the accounts receivables should be associated with clients with a solid credit history and aging report.   With receivable funding the factoring company looks at the startup clients payment history(aging report) and their clients overall credit. Does your company have IRS tax related issues? Accounts receivables factoring is an amazing funding tool to use when your company is experiencing IRS tax issues like liens.  An experienced factor will negotiate the subordination with IRS and get you the funds you need quickly to get the tax lien lifted. If your current finance company has cut you off, the factor can buy them out. Do you have only one or two clients? Client concentration is typically a non-starter for obtaining financing.   With receivable factoring it is not an issue.   Lets say your only client is Walmart, the Federal Government, Comcast or the City of Dallas.    This gives the factoring company a safe bet these big clients will pay the invoices in full.  A good factor understands your relationship with your clients is critical and we work in a cordial and professional way with your customers that strengthens your relationship and improves cash flow. Do you sell to the Government? Many banks and accounts receivable funders specifically exclude Government Receivables from availability. Only the most experienced and knowledgable factoring companies handle government factoring arrangements.   Do you homework and find a factoring company that effectively deals with all levels of Federal, State and Local governments. Get Funded with Account Receivable Factoring! apply securely now, call 888-400-5931, email us or chat with us. Money When Your Business Needs It...

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Government Supplier, Sacramento, CA, Receivable Financing

Posted by on January 7, 2015 in Government Supplier, Success Stories | 0 comments

Paragon Financial has provided a $1,000,000 receivable financing line of credit to a government supplier in Sacramento, CA.

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Registering to be a Government Contractor

Posted by on December 11, 2014 in Government Contract | Comments Off on Registering to be a Government Contractor

At Paragon Financial, we have been funding government contractors for over 20 years.  We are one of the few factoring companies that will work with the government and we do it on the federal, state and local levels.  Other factoring and finance companies simply don’t have the resources and knowledge in order to successfully navigate through the government red tape.      We understand the complexities of FAR and leverage the Department of Defense’s iRapt. Federal, state and local governments offer you the opportunity to sell billions of dollars worth of products and services. Many government agencies require that some percentage of their procurements be set aside for small businesses.  Click on the link below from the SBA and follow these easy steps to certify your business as small and obtain the registrations you need to begin bidding on government proposals....

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Invoice Factoring and PO Funding For Washington DC Businesses

Posted by on November 13, 2014 in Government Contract, Invoice Factoring | Comments Off on Invoice Factoring and PO Funding For Washington DC Businesses

Invoice factoring and PO funding for Washington DC government contractors is available today.   Typically the factoring of government receivables is not offered by banks and factoring companies.  With 20 years of experience, Paragon Financial understands how to work through the government bureaucracy of local, state and federal agencies.   We possess deep knowledge of the Federal Acquisition Regulation (FAR) and being paid through programs like iRAPT formerly WAWF. Paragon’s DC government contract clients receive benefits from our Financial Capability Certification Program.  This program provides customers with contingent financing commitments so that they can demonstrate to U.S. Government contracting officers that they possess the financial wherewithal to execute on contract awards. This results in our customers winning more, and larger, contract awards. Paragon Financial is registered in The System for Award Management (SAM) and is compliant with the Assignment of Claims Act. Paragon Financial has factored federal government receivables from most departments and agencies, as well as working closely with many of the largest Prime Contractors and the DOD. Tap into Paragon’s 20 years of experience providing Washington DC government contractors working capital through accounts receivable and purchase order financing with credit protection and AR management.   Give us a call at 202-821-4799 today, fill-out the form to the right or chat with...

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Brokers: Paragon Financial’s Unique Selling Propositions

Posted by on July 14, 2014 in For Brokers | Comments Off on Brokers: Paragon Financial’s Unique Selling Propositions

What is a Unique Selling Proposition (USP)? A USP is how you differentiate yourself from your competition. We are sure you have your own USP to help your company stand out and close more deals. Here is Paragon’s Unique Selling Proposition, which we hope you can utilize within your sphere of influence. What is Paragon’s Unique Selling Proposition? 1. We credit protect you. Why is this important and how does it separate Paragon from other AR factoring companies? Less than 20% of invoice factoring companies utilize credit insurance. Why so few? It is expensive and many invoice factors do not meet the stringent requirements of the credit insurance providers. Most importantly, Paragon being entrepreneurial like our clients see that safety and the ability to live to fight another day is paramount. 2. We can work with tax issues. Many companies deal with tax issues because of their accounts receivable going bad (See #1).  We have expertise in funding clients with both unpaid back taxes and tax liens in place. 3. We can handle client concentration. Most factoring companies cannot work with clients whose sales are concentrated in only 1 or 2 clients. At Paragon we have many clients where 100% of their sales are to one large company. We understand your relationship with your clients is critical and we work in a cordial and professional way with your customers that strengthens your relationship and improves cash flow. 4. We fund startups. Twenty years ago, Paragon was once a startup and we understand the unique challenges you face on a daily basis. As long as the principals have industry expertise and the company sales can get to $25k/month relatively quickly, Paragon can help. 5. We like Government Receivables. Many banks and accounts receivable funders specifically exclude Government Receivables from availability. We understand the Federal Acquisition Regulation (FAR) and the culture of dealing with and getting paid by the Government. In addition, we know one of the best ways to grow your business is through sales to Government entities and we want to be there for your company’s working capital needs. 6. Paragon is lean and entrepreneurial just like our clients and has been for 20 years. With only a few decision makers at Paragon, we quickly get you the critical working capital your business needs. We can truly fund fast and understand your situation and industry. That 20 years of solid history gives our clients and referral sources a sense of comfort. Paragon has the deep resources and will always be there for you! For  20 years, Paragon Financial Group has provided working capital solutions for growing and non or under-bankable companies throughout the United States. For fast funding or more information, please contact Chris Curtin, Nation Sales Manager, via email or call 888-400-5931 Ext....

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