8/29/2011 – Paragon Financial Partners with Local Bank to Close $600,000 Receivables Financing Facility for Florida Printing Company

Posted by on October 17, 2011 in | 0 comments

FOR IMMEDIATE RELEASE Fort Lauderdale, FL, 8/29/2011, Paragon Financial Group, Inc., with the help of a local bank we are pleased to announce a recent receivables financing facility for a commercial printing company headquartered in Melbourne, Florida. The company began business in 2009 as a graphics printing company.  The owner had encountered several attempts to bring forth business in other industries, but the commercial printing endeavor proved to be the most profitable.  With business growing so quickly, the owner soon maxed out his current line of credit with his local bank and was in need of additional financing. Paragon works with local and national banks cross cultivating business partnerships in an attempt to get companies the funds they need.  When the banks client needed additional capital for growth, and was unwilling to extend their own facility, the bank quickly called Paragon to inquire about our factoring services.  An inter creditor agreement was negotiated with the bank and the printing company began the factoring of their invoices within a few days.  The local bank was pleased because their client continued to grow without the need to offer them a larger line.  As the factoring company, Paragon helps another client, and the prospect receives the funds it needs for growth. Michael Rossi, President of Paragon, adds, “We are always grateful for the opportunity to work with banks.  Whether the client has exhausted its line with the bank, or whether it’s a buyout situation for the bank, we can help.  We understand that small, yet growing businesses need stability and an opportunity to stay successful in this economy.  Invoice factoring can give them that opportunity.” For over 18 years, Paragon has been working with banks to provide working capital solutions for growing companies throughout the US.  We service a wide variety of small to large-size businesses in many industries through our accounts receivable factoring and purchase order financing programs.  Paragon is a leading source for receivables financing, government contract financing, payroll funding, and purchase order financing. For additional information, contact: Chris Curtin Paragon Financial Group 954.524.4840 phone 954.524.3533 fax chris@paragonfinancial.net www.paragonfinancial.net # #...

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Tennessee Telecom Contractor

Posted by on September 8, 2011 in Cable Sales, Success Stories | 0 comments

Paragon Financial Group, Inc. today announced a new business agreement with a door-to-door telecom sales and installation contractor headquartered in Goodlettsville, Tennessee, near Nashville.   The company is looking forward to expanding its cable sales and installation services.

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Financing Your Printing Company With Purchase Order Funding

Posted by on July 28, 2011 in | 0 comments

Purchase order funding is one option for businesses looking to finance their printing company. Debt is another. There are however, several problems associated with using debt to raise capital. For one, it creates a burden because it has to be paid back. Every month (or whatever the agreement) businesses have to come up with ways to ensure that they are able to repay what they owe. Purchase order funding is a great way to improve a company’s cash flow, is far less problematic then a loan and allows companies to generate capital extremely fast. Besides the disadvantage of taking on new debt, bank loans are also very difficult to qualify for. Companies that have the worst time are those that have poor credit or have just opened for business. Today, it is even difficult for established companies with decent credit ratings to find a bank that will loan them money. Banks have suddenly become very stingy. Purchase order financing is an alternative option that has been around for some time but for some reason, has been underutilized. That is quickly changing. As companies are finding that it impossible to raise money via traditional methods, i.e., bank loans, they are turning to Factors and PO financing. Purchase order financing could save the day for a printing company that needed to quickly raise capital in order to pay for the supplies necessary to fulfill a large order. For example, let’s say that Printing Company XYZ received a $1million printing order from the Center High School District, but does not have the money to purchase enough ink to print out all of the agreed upon documents on their printers. Under normal circumstances, they might approach a bank and apply for a loan but these days, the banks aren’t even willing to accept their application. A sympathetic fellow business owner suggests that they contact a Factor. They do and find out that the Factor is willing to give them a line of credit so that they can purchase the ink, in exchange for them paying them back after they receive payment from the Center High School District, plus 1% of the profits. Relieved that they are able to fulfill the contract, Printing Company XYZ, gladly accepts and keeps Printing Company XYZ’s phone number of speed dial. The above, is an example of purchase order funding in action. A company, known as a Factor opens up a line of credit so that a business is able to secure the materials they need to fulfill a specific job. The factoring company is then paid back the money they spent on the supplies plus a percentage of the profits from the sale, after the invoice has been collected. This might be a great commercial financing option for a printing company, and many other types of businesses for that matter. It allows them to get the money they need to pay their suppliers and fulfill orders that will infuse much needed capital into their businesses. Invoice funding is a fast, simple and effective way to improve a company’s cash flow so that they can continue operating, even with little available cash...

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Printers

Posted by on July 27, 2011 in | 0 comments

Invoice Factoring & Receivable Financing For Printing Companies Since 1994, Paragon Financial has been helping printers and everyone in the printing industry grow their businesses through alternative financing methods such as invoice financing and accounts receivable factoring. We understand the unique challenges to the printing industry. We know it has been a tough couple of years and provides specific cash flow programs to tackle the printing industry’s working capital needs. Paragon provides you with up to 90% of your outstanding receivables right now, and the balance when your clients complete payment. The working capital can be for payroll, purchasing goods, to deal with slow paying customers and other cash flow needs.   Get started immediately by filling out the simple and quick online receivable factoring application. Let Paragon Improve Your Cash Flow Improve Your Company’s Cash Flow Without Additional Debt This is not a loan, so you incur no additional debt. Paragon doesn’t ask for an equity stake in your company. We get you the money you are due immediately upon completion of work. You will maintain full command of your business. Client Credit Services Paragon can act as your in-house credit department at no cost to you. Before doing business with a new customer, let Paragon give you a comprehensive payment and credit history so you can avoid problem clients. Accounts Receivable Management Log onto Paragon’s real-time reports system. Check collections, print out account reports and more. If you have clients that need friendly reminders, let our experienced call personnel contact your past due accounts. At your request, our professional team can even apply appropriate pressure to remind clients of their obligations. Flexibility Here at Paragon, we allow you to use invoice factoring when and if it is favorable for you and your company. With Paragon, you choose the accounts that you want to factor and, unlike other companies, we do not require you factor the entire account. You get the flexibility to factor what you want, when you want, if and when it’s advantageous for you. Acquire More Business – Get Discounts From Your Suppliers Factoring gives you the capital to pursue bigger contracts and clients. Paragon gives you the ability to expand your business. When funds are available, you can pay your suppliers quickly. Sometimes getting as little as a 2% quick pay discount from vendors can absorb most of the cost of factoring. GET FAST FUNDING FOR PRINTING COMPANIES TODAY! Apply Securely, call 888-400-5931 ext 1 or email us. Money When Your Business Needs It...

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