Paragon Financial Group is funding during the COVID-19 crisis.

Virginia Government Supplier – Invoice Factoring

Government Contract Financing PayrollFactoring Line of Credit for government contracts

Client: A nationwide provider of water and wastewater treatment services to the federal government, based in Richmond, VA

Industry: Environmental water and wastewater services


The eight-year-old Company has government contracts for water and wastewater services at U.S. Air Force bases. Their certified treatment operators manage all aspects of operations, maintenance, energy management, analytical testing, and safety. However, working with government contracts and waiting for payment left them in a cash flow crunch. In need of working capital, they first began looking into factoring in 2010.


The Company had federal and state tax issues that had to be cleared up before they could factor. We guided them through the process and kept in touch. They also had a bank loan with liens on their assets. Making the deal even more urgent, they had a chance to add more Air Force bases to their client roster but needed working capital to hire additional workers and purchase equipment.

The Deal:

Paragon worked with the Company’s bank to subordinate their lien and negotiated an agreement acceptable to both parties so the Company could factor with us. We closed on a $1 million factoring line of credit in spring 2012. The Company had looked into other factoring companies but chose Paragon because of our competitive rate structure, our knowledge of government contract financing, and our willingness to help them through the issues.


Paragon’s factor relieved the pressure on the Company’s cash flow, enabling them to take on two new Air Force bases and positioning them well for future growth.

About Paragon:

For over 27 years, Paragon Financial Group has provided working capital solutions for growing companies throughout the U.S. They serve small to large-size companies across a wide variety of industries through accounts receivable, invoice factoring, and purchase order financing up to $10 million per month in volume. Paragon is a leading source of receivables financing, government contract financing, payroll funding, and purchase order financing.

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Virginia Government Supplier – Invoice Factoring

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