Receivable Financing and Invoice Factoring for Security Guard Companies
- Security Guard Firms Get Immediate Cash
- Up to 92% of your Invoice NOW
- Meet Payroll with Ease
- Develop Cash Flow Programs
- Client Credit Services
- Accounts Receivable Management
- Receivable Financing
For over 20 years Security Guard firms have come to Paragon Financial for their financing needs. When the banks either couldn’t grant funds or bestowed too little, Paragon could promptly offer security guard companies a steady stream of cash through the invoice factoring of their account receivables. We understand that waiting 30-90 days or more for payment of an invoice ties up your working capital. By receiving payment immediately upon invoicing, through our factoring program, you will have the money to meet payroll, grow your company, and pay suppliers. We’ll wait for your customer to pay.
For example, a security guard firm won a $2 million one year self-renewing contract from the U.S. government. These personnel would require high end security clearance, which meant higher pay, putting pressure on the company’s cash flow. Their bank line of credit provided enough funding for their other endeavors but this project required all new financing, which the bank was not willing to provide. Without financing, the security company would have to pass on the contract and the chance for growth. Paragon took care of all the red tape for the security guard company, working with the government contracting and disbursing offices to complete the proper paperwork and ensure the contract was officially amended. They received the necessary funding to take on the contract and expand. And, they now have the factoring foundation in place for any other contract they pursue in the future. It’s simple as that! Get started immediately by filling out the simple and quick online factoring application.
Paragon Provides The Capital You Need
Keep Capital Flowing Without Increasing Your Debt
This is not a loan. Paragon gets you money for your completed work, now. We don’t ask for equity in your business, you retain full control.
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, 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.
Accounts Receivable Management
Paragon provides on-line, real time reporting. You can log on anytime and see updated aging reports, collection reports, and more. Back date 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. When discussed with you first, Paragon is fully capable of applying the heat when needed.
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. Some companies will require you to factor everything. Not here at Paragon. We only want you to use factoring if and when it’s beneficial for you.
Get Supplier Discounts – Win More Business
The ultimate goal of invoice factoring is to increase your available funds. This will enable you to go after bigger clients and larger contracts. Often, you will find that it takes the big guys longer to pay. This can lead to difficulties in filling larger orders and performing larger jobs. Helping you to grow your business is the purpose of The Paragon Factor. Increased cash flow can enable you to quick pay your suppliers. This can allow you ask for trade discounts. Often, as little as a 2% quick pay discount can cover some, if not all, of your factoring costs.