Heating Repair Company, Newark New Jersey – Invoice Factoring

Posted by on May 28, 2014 in Service Provider, Success Stories | 0 comments

Paragon Financial has provided a $600,000 invoice factoring line of credit to a commercial cleaning company in Newark, New Jersey.

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Shoe Wholesaler, Newark New Jersey – Invoice Factoring

Posted by on March 19, 2014 in Apparel Wholesaler, Success Stories | 0 comments

Paragon Financial has provided a $350,000 invoice factoring line of credit to a Shoe Wholesaler in Newark, New Jersey.

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Trenton New Jersey Military Technology – Factoring Line of Credit

Posted by on December 4, 2012 in Military and Law Enforcement, Success Stories | 0 comments

Paragon Financial Group (Paragon) announced that it has provided a $750,000 factoring line of credit to a Trenton New Jersey military technology company. Read More

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12/04/2012 – Paragon Financial Helps New Jersey Start-Up Military Technology Company with a $750,000 Factoring Line of Credit

Posted by on December 4, 2012 in | 0 comments

FOR IMMEDIATE RELEASE Trenton, NJ – December 04, 2012: Paragon Financial Group announced that they have provided a $750,000 factoring line of credit to a military technology company headquartered in Trenton, New Jersey. These financing facilities will enable the start-up company to pay their suppliers for manufacturing their product. The company is owned by an entrepreneur with much past business success. They have developed a line of crutches designed specifically for war veterans. They recently received a large order for their product from a company that was working directly with the government. The company ran into a problem of not having sufficent capital to pay their manufacturers and suppliers. As a start-up business with little high end collateral or personal guarantee, they were considered non-bank worthy. This is when the company turned to Paragon for a factoring line of credit. “They came to us based on a referral from another client, which is always the best compliment we can receive”, said Michael Rossi, President of Paragon Financial Group“. “This company has a great product for a wonderful cause, but as a start up business, they were unable to receive funds through traditional banking. Paragon is always open to working with start up businesses and that, combined with the referral, is what brought them to us.” Paragon investigated the credit worthiness of the company’s suppliers, and was comfortable providing the $750,000 factoring line of credit. Without Paragon’s line of credit, the business would not have been able to fill their orders. Now that a relationship is established, they can continue an on-going process with their suppliers and manufacturers, and the business can continue to grow and thrive in the future. About Paragon Financial Group For over 18 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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10/03/2012 – Paragon Provides $1,000,000 Invoice Factoring Line of Credit to New York Food Producer

Posted by on October 4, 2012 in | 0 comments

Paragon Financial Group (Paragon) announced that it has provided a $1 million invoice factoring line of credit to a food manufacturer of health-conscious quality snacks. The financing will enable the Company to expand into new geographic markets and grow their business. Based in Brooklyn, NY, the four-year-old Company produces a line of natural, nutritious, great-tasting, whole-grain snack foods. They are committed to excellence and the overall nutritional health of consumers and sell their products through distributors and small supermarket retailers throughout New York and New Jersey. After penetrating local markets, the Company wanted to expand into new markets throughout the United States but lacked the working capital to support their growth strategy. Through an internet search, they found a broker who recommended they call Paragon Financial. “We competed with other factoring companies on this deal, but they liked our rate structure and we were able to build a good relationship with the company,” said Michael Rossi, President of Paragon Financial Group. “They also like our expertise in dealing with all types of industries including food manufacturing and our ability to provide a facility which can grow with the Company.” With Paragon’s factoring facility in place, the company has the stable cash flow needed to enter new markets and bring their healthy snacks to consumers nationwide. ABOUT PARAGON FINANCIAL GROUP For over 18 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 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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