11/02/15 – Factoring Company Paragon Financial Group to Hold 4th Quarter Non-Recourse Factoring Education & Training Webinar

Posted by on November 1, 2015 in | Comments Off on 11/02/15 – Factoring Company Paragon Financial Group to Hold 4th Quarter Non-Recourse Factoring Education & Training Webinar

MIAMI, FL – Paragon Financial Group, a 21 year old factoring company, announces its 4th webinar of 2015. Topics covered will include non-recourse Factoring education & training, import purchase order financing, funding with tax issues and generating online leads. The webinar will be held on Friday, Nov 6, 2015 from 11:00 am to 12:30 pm EST. Paragon holds webinars once per quarter providing further education and tools for its successful factoring broker program. The webinar will feature Paragon Financial’s National Sales Manager Chris Curtin and web marketing guru Paul Joachim. For over two decades, Mr. Curtin has been assisting entrepreneurs with their working capital and cash flow needs. Mr. Joachim has been generating online leads since 1995 and has been working closely with Chris for nearly 18 years. Together they have over 26 years of factoring industry experience and over 35 years of marketing success. This new webinar will pay special attention to the Wine, Beer and Spirits sectors when it comes to import PO financing, tax issues and online leads. To sign up and for more information, please visit https://www.paragonfinancial.net/financial-intermediary-school-broker-education-training. About Paragon Financial Group For over two decades, US companies across all industries have selected Paragon Financial to meet their working capital needs. Non-Recourse Accounts Receivable Facilities are available to $3,000,000 USD. From government contractors to distribution companies, from staffing firms to manufacturers; business owners have successfully grown their companies with Paragon Financial’s Non-Bank Invoice Factoring, Accounts Receivable Management, Credit Protection and Purchase Order Financing Programs. For fast funding now, please call 888-271-9347 ext 1 or visit our website...

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06/30/2015 – Paragon Financial Group Announces an International Trade Funding Program for EU, South American and Asian-Based Companies Selling into the United States

Posted by on June 30, 2015 in | 0 comments

Ft. Lauderdale, FL – Paragon Financial Group announces an international trade funding program for EU, South American and Asian-based companies to fund and credit protect their sales into the US. In reaction to the Greek financial crisis and other liquidity events around the globe, Paragon Financial has created this program to assist international sellers of goods into the US hampered by the constraints of their local banks and with the safety of credit protection. This ability to fund is vital to continue in the import and export business as the Greek, China’s and other liquidity crises unfold around the global economy. There are predictions the crises will have serious ripple effects across the global economy. Zhiwei Zhang, from Deutsche Bank, says China faces a “fiscal cliff” in 2015 as Beijing deals with out-of-control spending. “This year, China will likely face the worst fiscal challenge since 1981. This is not well recognised in the market,” he said. Mark Thompson of CNN Money says, “A Greek bankruptcy would be the largest in history, and test the firewall the European Central Bank and other institutions have been building since 2012. Some investors will be thinking about 2008 when the collapse of Lehman Brothers marked the peak of the financial crisis.” With this new international trade funding program, Paragon Financial can typically fund all landed costs of goods brought into the US. Credit protection is offered as long as the company’s US customer is creditworthy and will confirm that the goods quality, quantity and timeliness parameters have been met. This is an essential part of Paragon Financial’s program for companies experiencing severe liquidity issues. A company will need to form a US subsidiary to participate in this program. Chris Curtin, Paragon’s Director of Sales states, “With the liquidity crisis happening around the world and our expertise in funding US importers, we thought it was a natural progression to help smaller and middle market companies in other countries with their cash flow and credit protection needs”. About Paragon Financial Group For over 21 years, US companies across all industries have selected Paragon Financial to meet their working capital needs. Facilities are available up to $3,000,000 USD. From government contractors to distribution companies, from staffing firms to manufacturers, business owners have successfully grown their companies with Paragon Financial’s invoice factoring, accounts receivable management, credit protection and purchase order financing programs. To get funded now, please call 888-271-9347 or visit...

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Factoring Importers – Canadian Goods

Posted by on February 21, 2015 in Accounts Receivable Factoring, Factoring, Purchase Order Factoring | Comments Off on Factoring Importers – Canadian Goods

At Paragon Financial we work with importers bringing in goods from Canada providing their businesses working capital to succeed.   Quickly and efficiently leveraging purchase order financing, cash against documents funding, accounts receivable financing and credit protection. Below are several interesting facts about Canadian goods being imported into the U.S.: Canada ranks #2 behind China for the most imports into the U.S.   U.S. goods imports from Canada totaled $332.1 billion in 2013(the latest statistics available), a 2.5% increase ($8.1 billion) from 2012, and up 50% from 2003. U.S. imports from Canada are up 308% from 1993 (Pre NAFTA). U.S. imports from Canada account for 14.7% of overall U.S. imports. U.S. imports of agricultural products from Canada totaled $21.8 billion in 2013, our largest supplier of Ag imports. Leading categories: snack foods (including chocolate), ($3.2 billion), red meats, fresh/chilled/frozen ($1.9 billion), other vegetable oils ($1.7 billion), live animals ($1.7 billion), and processed fruit and vegetables ($1.4 billion). U.S. imports of private commercial services* (i.e., excluding military and government) to Canada were $29.8 billion in 2012 (latest data available), up 4.8% ($1.4 billion) from 2011, and up 66% from 2002 level. It was up 227% from 1993 (Pre-NAFTA). The other private services (business, professional and technical services), and travel categories accounted for most of U.S. services imports from Canada. Top 10 US Imports from Canada 1. Oil: $119.8 billion 2. Vehicles: $56.3 billion 3. Machines, engines, pumps: $21.1 billion 4. Plastics: $11.4 billion 5. Wood: $8.8 billion 6. Electronic equipment: $8 billion 7. Aircraft, spacecraft: $8 billion 8. Aluminum: $7.4 billion 9. Paper: $7 billion 10. Gems, precious metals, coins: $6.6...

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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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06/3/2013 – Paragon Financial Sees Increase in Purchase Order Financing Associated with Increase in US International Trade

Posted by on June 4, 2013 in | 0 comments

FOR IMMEDIATE RELEASE Ft. Lauderdale, FL – June 4, 2013: Paragon Financial Group (“Paragon”) sees exponential growth in purchase order financing demand across key industries. The United States Census Bureau’s May 2013 report matches this trend with nation’s international trade deficit in goods and services decreased to $38.8 billion in March from $43.6 billion (revised) in February, as imports decreased more than exports. Purchase order financing (PO financing or PO funding) provides an advance to a company’s suppliers against a purchase order from a qualified customer so that the company can deliver the product to its customers on time and with the quality required. Paragon Financial’s national sales manager, Chris Curtin, states, “We’ve seen rapid growth in purchase order and vendor guarantees. I believe it reflects growth of finished goods into the US.” According to the US Bureau of Economic Analysis March exports of advanced technology products were the highest on record, climbing $4.9 billion to $27.9 billion. This is a 21.5% increase from the February level of $23.0 billion. The greatest increases came from gains in trade in the aerospace group ($1.8 billion) where we currently have a trade surplus of $5.7 billion. Exports in the information and communications group increased $1.3 billion, while exports in the nuclear technology group increased $0.6 billion. PO financing provides the cash that aerospace and technology businesses need to both fill their customers’ orders and expand their business at the same time. It is particularly useful for companies that cannot obtain traditional funding based on their own financial condition or balance sheet, for example, startups, turnarounds, and others whose balance sheets cannot support traditional banking relationships. “Our purchase order funding packages have been working well for our manufacturers, importers, distributors, wholesales and exporter clients in 2013. Companies that sell physical goods often find purchase order funding a great option in obtaining working capital for rapid growth”, says Curtin. ABOUT PARAGON FINANCIAL GROUP For over 19 years, Paragon Financial Group has provided working capital solutions for growing companies throughout the U.S. They serve small to large-size companies across a wide variety of industries through accounts receivable, invoice factoring, and purchase order financing up to $3 million per month in volume. Paragon is a leading source for receivables financing, government contract financing, payroll funding, and purchase order financing. For more information visit...

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