MIAMI, FL — In the 3rd quarter of 2015, Paragon Financial has experienced a sharp increase in funding deals in the oil and gas industry. Rising debt payments and shrinking revenues are putting oil and gas companies in a difficult cash flow situation. As a result, their suppliers are feeling the pinch with payments taking longer than in the past. The oil and gas suppliers are opting for non-recourse factoring of their accounts receivable in order to keep their working capital at a healthy level. According to a September 2015 report by the U.S. Energy Information Administration (EIA), a group ... Read More

oil-gas-ar-financing

From Texas to Alaska, crude oil prices are plummeting, rig counts are falling, drilling permits are down and so is employment. At the same time, banks are tightening lending terms along with credit lines for oil, gas and energy suppliers. Financing is becoming harder to come by, but these same businesses must have working capital to get through times of cheaper gas prices. The goods news is oil prices are cyclical and lower prices will eventually lead to more demand. Invoice factoring and PO Funding is perfect for oil/gas suppliers to weather the storm. When banks are no longer lending, Paragon ... Read More

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 ... Read More

Oil Gas Accounts Receivable Financing(AR)

What do Texas, Colorado, Oklahoma, West Virginia, Wyoming and North Dakota have in common? They were all recently named as six of the top 10 fastest growing states in the country and all of them can name domestic oil and/or natural gas production as a big part of their success. These states join Alaska and California in fueling our country. Domestic energy production is making a serious impact on the nation’s economy. Cheaper and more available energy may even help bring back manufacturing jobs to the country. America is returning to our roots by using the resources we have to ... Read More

oil gas financing

The oil and gas boom continues into 2014 and its impact is wide to a myriad of industries and suppliers. The oil and gas boom is producing millions of jobs with the hydrocarbon sector creating jobs faster than Silicon Valley. Employment is up 40% in the oil and gas fields since the recession began in late 2007. Every one of the 10 states like Texas, Oklahoma and North Dakota where hydrocarbon production is on the rise, overall employment growth has outperformed the nation. Direct employment in the oil and gas industry rose 40% from 2007 through 2013. Compare that to ... Read More

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