Hospitality

MIAMI, FL– Paragon Financial Group announces a 15% increase in accounts receivable factoring and purchase order financing services for their U.S. spirit industry import and distribution clients in the 3rd quarter of 2015 as compared to 2nd quarter 2015. Paragon Financial’s U.S. spirit suppliers and importers are pointing to demand premium spirits and overall market growth for their increase in working capital needs. Industry-wide, supplier sales for the U.S. distilled spirits industry were up 4% to $23.1bn last year according to the Distilled Spirits Council. Along with US revenues for bourbon and Tennessee whiskey rising by 9.6% to $2.7bn last ... Read More

Paragon has provided a $1,000,000 line of invoice factoring to a Miami Florida hospitality staffing firm.

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