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

Automotive Supply

Automotive Suppply

Invoice Factoring and Accounts Receivable Financing for Automotive Industry

Invoice Factoring and Receivable Financing For Automotive Suppliers

Are you selling to companies like AutoZone, importing tires, selling to dealerships, distributing parts? Or are you a tier 2 or 3 suppliers, vendor to the car manufacturers? We provide quick and easy financing to a full range of automobile suppliers with our working capital programs tailored to meet your specific needs.

Programs include and are not limited to Invoice Factoring, Purchase Order Financing, and Accounts Receivable Financing. For example, we provide growing auto vendors an alternative to conventional bank financing. Paragon can provide automotive supply companies a steady flow of cash through the factoring of their account receivables. As a supplier, you can’t wait months for payment of an invoice tying up your working capital. By receiving payment instantly upon invoicing, through our factoring program, you will have the money to meet payroll, grow your company. Also, Paragon advances your automotive vendor company up to 90% of the invoice amount immediately. Besides, we also provide the remaining balance when your clients settle the payment in full.

What Invoice Factoring with Paragon Financial Help You With?

  • Working Capital in as little as 24 hours
  • Get up to 90% of your invoice advanced
  • Ensure Payroll is Met
  • Develop Cash Flow Program
  • Client Credit Services
  • Accounts Receivable Management
  • Receivable Financing

How Accounts Receivable Management Works For Automotive Supply Companies?

If your automotive company has cash flow problems due to slow-paying customers with net paying terms, then A/R Financing is the best solution. At Paragon we understand the difficulties faced by the automotive industry about their client’s late payments. As a result, we provide working capital in as little as 24 hours to solve your cash flow problems.

Paragon provides on-line, real-time reporting. You can log on anytime and see updated aging reports, collection reports, and more. Backdate certain reports and print them out directly for internal use or accounting purposes. Paragon is not a collection agency, but we do have a team of callers that put in friendly reminders to accounts when they get past due. We make sure to handle all calls in a professional manner. If we discuss it with you first, Paragon is fully capable of applying the appropriate pressure when needed.

What are the Advantages of Invoice Factoring and A/R Financing for Automotive Companies?


Here at Paragon, we allow you to use invoice factoring when and if it is beneficial to you and your company. With Paragon, you choose the accounts that you want to factor and, unlike other companies, we do not require you to factor in the entire account. You get the flexibility to factor in what you want, when you want, if and when it’s beneficial for you.

Available Cash

Easy and quick availability of cash lets You Win More Business And Get Discounts From vendors. Big companies can take longer to pay you. This can restrict your available cash and make it more difficult to complete orders or perform larger jobs. Invoice factoring can give you the available cash to quickly pay your suppliers. As little as a 2% quick pay discount can cover the greater part of your factoring cost.

Improves Cashflow

Accounts Receivable Factoring improves your cash flow by reducing the receive payments time. Besides, it reduces your customers’ worries about quick payment. Also, accounts receivables factoring company finances your creditworthy clients’ invoices. As a result, your automotive supply company gets immediate access to funds to do payroll, pay vendors, and other operational expenses. Financing receivables improve your company’s cash flow, enabling you to minimize the problems associated with slow payments. In contrast, Invoice factoring is not a loan, so you’re not incurring any debt. We ask for no equity stake in your company. Money immediately upon completion of work. You maintain full command of your business.

Customer Credit Services

At no extra cost, Paragon now acts as your in-house credit department. If you’re thinking about doing business with a new client, then give Paragon a call. We’ll give you detailed information on their payment and credit history. Paragon can help you stay clear of doing business with bad companies.

How Do I Qualify for A/R Factoring?

Who can afford to wait 45, 60 or 90 days to get paid by your large commercial or government customers? Factoring companies like Paragon look at your customer’s ability to pay, not your personal credit. Receivables factoring provides you with the working capital your company needs. To qualify for Accounts Receivable Financing, you need:

  • Creditworthy Business Customers
  • Proof of Work Completed or Product Delivered
  • Operate as a Corporation
  • Decent Profit Margins
  • Copies of your Contracts, Agreements, or Purchase Orders with your Customers
  • Revenues of $25,000-$10,000,000 per month
  • Invoices free of Tax Liens and Other Encumbrances
  • No Open Bankruptcies

Contact us today for the perfect factoring program that works for you.

Get fast funding for automotive supply companies today!

Apply Securely, call 888-400-5931 ext 1 or email us.

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