Freight & Trucking

Invoice Factoring & Receivable Financing For Freight & Trucking

Financing for Freight & Trucking

Successful trucking companies rely on dependable cash flow. You need your invoices paid right away for fuel, trucking maintenance, repairs, and insurance. You deliver the load, we provide the cash. All we require is a copy of the invoice and a signed copy of the bill of lading. Our trucking clients get same day funding once they submit the invoices. For over 25 years we have been providing financing to freight and trucking companies when the banks have not.

Paragon has promptly offered trucking and freight companies a steady stream of cash through the invoice factoring, purchase order financing, and account receivables factoring. Why wait 30-90 days for payment of an invoice? Get that cash NOW. By receiving payment immediately upon invoicing, through our factoring program, you will have the money to meet payroll, grow your company, and pay suppliers. The process is called ‘factoring’, and in the simplest terms, it means Paragon advances you up to 90% of the invoice amount immediately and gives the remaining balance when your clients settle in full. Get started immediately by filling out the simple and quick funding online application.

Paragon Gives You The Capability To Make Things Happen Now

Increase Cash Flow

Get money as soon as you finish the work. Paragon does not ask for equity in your company, nor are you taking on additional debt. We provide the capital you need and to keep your business growing.

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

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.

Flexibility

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 factor the entire account. You get the flexibility to factor what you want, when you want, if and when it’s beneficial for you.

Available Cash Lets You Win More Business And Get Discounts From Suppliers

Big companies can take longer to pay you. This can restrict your available cash and make it difficult to complete orders or perform larger jobs. Invoice factoring can give you the available cash to quick pay your suppliers. As little as a 2% quick pay discount can cover the greater part of your factoring cost.

Money When Your Business Needs It Most!™