Purchase Order

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

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 ... Read More

By Jon Anselma, Managing Partner, Paragon Financial Group, Inc. In today’s economic environment, it is difficult for small businesses to obtain traditional bank financing. Especially when you’re a growing company. Imagine having the financial capability to bid on large government contracts. With the proper financing, you can leverage a small amount of capital into fulfilling large government contracts. There are numerous government contracts awarded for all different types of products and services. A common scenario is the government is seeking goods such as light bulbs. A small business can’t compete against the big manufacturers such as Sylvania, however, often times ... Read More

California TV Food Entertainer - PO Financing and Invoice Factoring

Getting cash flow out of a deep freeze Purchase Order Finance and Invoice Factoring Line Client: A Home Shopping Network (HSN) chef and his gourmet frozen food company Industry: Food and Entertainment Situation: As one of HSN’s popular hosts, the Chef was offered an exclusive, one-hour cooking show during which he sold his gourmet frozen foods and cookbook. Orders poured in and he experienced fast, exponential growth. What’s more, he expects business to increase ten-fold over the next five years. But HSN, like other televised home shopping networks, requires its sellers to have inventory on hand to quickly fill customer orders, ... Read More

Paragon Financial Group announced that it has provided a $900,000 purchase order financing and invoice factoring line of credit deal to a large equipment reseller. The financing will enable the Company to take on global contracts and expand. Read More Money When Your Business Needs It Most!™

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