Nothing can put a cramp in your cash flow quite like slow paying customers. Trying to run your business productively in a growth phase without the available funds can be difficult. With our invoice factoring and purchase order financing programs Paragon can get you the funds you need quickly.
Chances are, unless you are a seasoned business with a proven track record and good corporate credit, banks won’t talk to you. As with many young companies, the only viable asset is the account receivables they currently have outstanding. With that kind of a balance sheet, it’s difficult to find the funds necessary to take on new business.
With Paragon Financial, providing a steady flow of working capital is what we do. Either through invoice factoring or purchase order financing programs, we can provide you a lifeline of fresh capital to stay on the frontline of your industry.
If you work with credit worthy customers we can advance you up to 90% on your current outstanding invoices. We will wait the 30-75+ days for your customers to pay. No longer will you have to turn down contracts or large orders because you are undercapitalized. We will also Credit Protect you through our Non Recourse Invoice Factoring Program.
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 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.