Invoice Factoring & Accounts Receivable Financing For Distribution Companies
- Take on Larger Deals
- Get up to 92% of your invoice advanced
- Payroll Gets Paid
- Boost Your Working Capital
- Non Recourse Client Credit Protection for volatile Retailers
- Accounts Receivable Management
- Receivable Financing
Paragon Financial was founded in 1994 to help businesses grow with alternative funding via Accounts Receiable Invoice Factoring and Purchase Order financing. When the banks do not grant business loans or offer too little, Paragon offers distribution companies working capital through invoice factoring and purchase order financing programs- all tailored for distributors and importers specific needs!
For example, you have a $400,000 order for wine, t-shirts or other products from a big-box retailer. Your company can buy the materials and add labor for of total cost of $300,000. The problem is your company does not have $300,000 in cash to fulfill the order. Using our PO Funding Program, Paragon will buy the goods for you. Then have the goods shipped to the big-box retailer. The big-box retailer then pays Paragon and you get the cash. You can get up to 92% of your receivables right now, and the rest when your clients make their final payment.
In addition, our PO Financing allows you to fund much larger deals than you would otherwise be able to. Paragon not only allows you to grow your business, but also becomes your credit department. It’s simple as that! Get started immediately by filling out the simple and quick online funding application. And remember, Paragon does not sign you on to any long-term contracts. Our agreements allow you the flexibility to factor what you want, when you want. You can pick and choose the accounts that you want to factor.
Let Paragon Improve Your Cash Flow
We Improve Your Cash Flow Without Increasing Your Debt
Invoice factoring is not a loan, so you’re not incurring any debt. We don’t ask for any equity stake in your company. You receive your money immediately upon completion of work. You maintain full control of your business.
Client Credit Services
Paragon can act as your in-house credit department at no cost to you. Before doing business with a new customer, let Paragon give you a comprehensive payment and credit history so you can avoid problem clients.
Accounts Receivable Management
Our online reports provide you with up to the minute reports on your account. Printing out reports for your accounts is a mouse click away. Paragon is not a collection agency, but we do have an experienced team of callers that can put in friendly reminders to past due accounts. After consultation with you, Paragon can remind clients of their obligations.
Here at Paragon, we allow you to use invoice factoring when and if it is favorable for you and your company. We do not ask you to sign on to any long-term contracts. With Paragon, you choose the accounts that you want to factor and, unlike other companies, we do not require you factor the entire account. You get the flexibility to factor what you want, when you want, if and when it’s advantageous for you.
Acquire More Business – Get Discounts From Your Suppliers
Invoice factoring gives you the capital to pursue bigger contracts and clients. Paragon gives you the ability to expand your business. When funds are available, you can pay your suppliers quickly. Sometimes getting as little as a 2% quick pay discount from vendors can absorb most of the cost of factoring.