Growth is the primary goal of any young business owner. When and if those growth opportunities arise, do you have the resources in place to move forward? Most young companies lack the capital reserves and may be turning down those opportunities. You may currently have a line of credit with a bank, but is it enough? With our invoice financing and purchase order financing programs, Paragon can help.
Chances are unless you’re a seasoned business with a proven track record and good corporate credit, banks won’t talk to you. With a lot of small to medium size companies, their only viable asset can be the account receivables they currently have outstanding. With that kind of a balance sheet, it’s difficult to find the funds necessary to grow your business.
With Paragon Financial, working with growing companies is what we do. Either through invoice factoring or purchase order financing programs, we can inject your business with the fresh capital it needs to break through the stagnant barrier and advance you into that next stage of growth.
If you work with creditworthy customers we can advance you up to 90% on your current outstanding invoices. We will wait the 45-60 days for your customers to pay. No longer will you have to turn down contracts or large orders because you are undercapitalized.
Paragon Financial has provided working capital solutions for growing companies for over 23 years. Our accounts receivable financing program has the flexibility to advance up to 90% of the invoiced amount. We offer not only non-recourse invoice factoring programs, but we also provide payroll funding, purchase order financing, government contract financing, letters of credit, and supplier guarantees for small to larger companies across a wide variety of industries throughout the United States. We have a quick and easy approval process that can be set up in as little as 3 business days. In most cases, we provide same day funding once we receive an emailed copy of the invoice.