Working Capital Needs
Having a sufficient working capital and a steady flow of cash is something most business owner deal with weekly. Growing companies with slow paying customers is a bad combination for cash flow. Payroll must be met and now orders must be filled. With our invoice factoring and purchase order financing programs, Paragon can get you the working capital you need to grow your business.
Chances are unless you’re a seasoned business with a proven track record and good corporate credit, banks will be hard pressed to get you the money you need. As with many young companies, the only viable asset is the account receivables they currently have outstanding.
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 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 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.