In today’s economy, many companies are in a turnaround situation due to decreased sales, banks not renewing their credit facility, falling behind on liabilities, or facing bankruptcy. Paragon is a member and sponsor of the Turnaround Management Association. We work with numerous turnaround consultants as well as directly with companies that can benefit from factoring their accounts receivable. Our credit decisions are based on your customer’s ability to pay, not yours.
By factoring your accounts receivable invoices, you can receive immediate cash. The revenue flows directly to you without having to wait to be paid. You will increase your cash flow and can meet your working capital needs. Money for growth, payroll, supplier payments, and overhead. Guaranteed cash flow to help with your turnaround so your business can thrive again.
What Type of Turn-Around Business Situations do we Fund?
- Companies who may be experiencing operating losses.
- Companies who may have fallen out of covenant with their bank line of credit.
- Companies who have filed for Chapter 11 bankruptcy / debtors in possession.
- Companies whose bank won’t increase their credit line.
- Companies with tax liens.
With Paragon Financial, working with undercapitalized companies is what we do. Either through invoice factoring or purchase order financing programs, we can get undercapitalized companies the funds they need quickly. If you have a young business and you deal with credit worthy customers we can advance you up to 92% 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 undercapitalized companies for over 20 years. Our accounts receivable financing program has the flexibility to advance up to 92% 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.