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

Machine Shops

Invoice Factoring & Receivable Financing For Machine Shops

machine-shopsWe know that waiting 30-60 days or more for payment of an invoice will not be able to give your business the proper flow of working capital. Paragon provides you with payment immediately upon invoicing, through our factoring programs. Your machine shop will have the money to meet payroll, grow your company, and pay suppliers. Are you a welding company, a metal-working business, wet or dry powder coatings, do metal fabrication, lathe work, or are you a tool or die plant? Get up to 90% of your receivables right now, and the rest when your clients make their final payment.

How does Invoice Factoring for machine shops works?

  1. You provide goods or services to creditworthy customers and then invoice them with a copy sent to a Factor.
  2. The factor will fund your business with an immediate payment of 70%-90% of the received amount.
  3. Customers make payment directly to the factor according to the terms of the invoice, and the factor returns the balance of the paid invoice to you minus a fee.

And remember, in Paragon, we create agreements to enable you the flexibility to factor what you want and when you want. You can also pick and choose the accounts that you want to factor.

The Factor Gives You The Power To Make Things Happen Right Now

  • We Improve Your Cash Flow Without Increasing Your Debt
  • Client Credit Services
  • Accounts Receivable Management
  • Adaptability
  • Available Cash Lets You Win More Business And Get Discounts From Suppliers

What are the Advantages of Invoice Factoring

  • Boost Cash Flow in as Little as 24 Hours
  • Powder Coating Non-Recourse Factoring expertise
  • Take on Larger Jobs
  • Super High Advance Rates
  • Ensure Payroll is Met
  • Client Credit Services
  • Accounts Receivable Management
  • Receivable Financing

Get fast funding for machine shops today!

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

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