Security

Paragon Financial has provided a $750,000 receivable financing line of credit to a Sunrise Florida Staffing firm providing security guard services. Money When Your Business Needs It Most!™

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Paragon Financial Group announced that it has offered a $350,000 invoice factoring line of credit to security guard staffing company in Atlanta, GA. The facility will enable the company to meet payroll needs and take on large contracts. Read More Money When Your Business Needs It Most!™

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FOR IMMEDIATE RELEASE Fort Lauderdale, FL– May 21, 2012: Paragon Financial Group (Paragon) announced that it has provided a $350,000 factoring line of credit to a security guard staffing group (Company) headquartered near Atlanta, GA. The facility will enable the company to take on larger contracts, meet payroll and grow their business. The 3-year-old Company provides unarmed and armed security and bodyguard work in Georgia. They offer commercial security monitoring, asset protection, event security, patrol services, and executive protection, as well as design custom security programs. They had a big opportunity to work with CVS pharmacies in Georgia, but needed ... Read More

security guard staffing financing factoring

Financing Growth Through Factoring Client: A Raleigh, NC area veteran-owned staffing agency providing unarmed security personnel. Industry: Security Guard Staffing Situation:  The Company had won a $2 million one year self-renewing contract from the U.S. government to provide security personnel for the Mine Health and Safety Academy. These personnel would require a high-end security clearance, which meant higher pay, putting pressure on the Company’s cash flow. Their bank line of credit provided enough funding for their other endeavors, but this project required all new financing, which the bank was not willing to provide. Without financing, the Company would have to ... Read More

Finance Your Security Guard Company with Invoice Factoring

Invoice factoring is the perfect solution for a good number of industries. Security guard firms are in an industry that lends itself well to this sort of business financing. Such firms will find that they will be able to receive cash up front for jobs that they normally send invoices to. Therefore, instead of waiting 30-90 days before payment, they can receive cash within 7 days after completing the job. This almost immediate access to money that they have already earned will give them more options. If they want to take on more clients, they will have the capital to do ... Read More

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