Paragon Financial has provided a $600,000 invoice factoring line of credit to a commercial cleaning company in Newark, New Jersey. Money When Your Business Needs It Most!™

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FOR IMMEDIATE RELEASE Fort Lauderdale, FL– July 9, 2012: Paragon Financial Group (Paragon) 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. The Miami-based Company is a leading provider of heavy equipment, such as backhoes and cranes, to the United Nations. They had an opportunity to take on a new contract with the U.N. to provide equipment to earthquake-ravaged Haiti but needed financing to purchase the products needed. They had never factored before, and ... Read More

FOR IMMEDIATE RELEASE Ft. Lauderdale, FL, January 18, 2012: Paragon Financial Group (“Paragon”) today announced that it has provided a $250,000 accounts receivable financing facility to a Company that repairs and maintains industrial machinery. The working capital will be used to hire new employees to service larger clients and grow the Company. Located in Cleveland, Ohio, the Company has been in the industrial machinery business for over 20 years and operated as a sole proprietor. In June 2011, they changed their corporate structure to a limited liability corporation to facilitate growth. They began taking on larger clients such as Youngstown ... Read More

How Food Service Providers Can Benefit From Factoring Finance

In this article, we will discuss how invoice factoring can be a great way for companies in the food service provider industry can get the much-needed cash flow in a matter of days rather than waiting the 30-60 days it generally takes for a customer to pay their invoice. Invoice billing is a great service to the client but often puts a strain on businesses. Companies have to wait 1-2 months before they receive the payment for services that they have provided that amount of time ago. They have already had to pay their employees and purchase supplies necessary to complete the ... Read More

Receivables Financing Can Help Service Providers

Receivables financing can be an excellent way for service providers to raise capital for there businesses.  Most business owners understand the importance of having good cash flow.  Without adequate money coming in, it is difficult for a company to pay their bills or to keep operations going. However, generating capital and keeping it flowing can sometimes be difficult.  If a service provider invoices their clients, it may take between 30 and 90 days before they receive payment for jobs they have already completed.  This can put a strain on a business.  Without an adequate amount of capital, they will be ... Read More

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