Invoice Factoring and Receivable Financing For Wholesalers
- Cash Flow For Wholesalers
- We Can Handle Client Concentration Issues
- Credit Guarantees
- Grow Your Wholesaler Business
- Client Credit Services
- Accounts Receivable Management
- Receivable Financing
Factoring is the answer to the cash flow needs of wholesalers. Paragon Financial Group was started in the mid-90’s to help growing businesses with an alternative to conventional bank financing. Paragon will promptly offer wholesalers and wholesale companies a steady stream of cash through the factoring of their account receivables or purchase order funding.
We understand that waiting 30-90 days 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 look at the creditworthiness of your clients and we handle client concentration issues.
Simply put, factoring means that Paragon advances you up to 90% of the invoice amount immediately, and gives the remaining balance when your clients make full payment.
It’s simple as that! Get started immediately by filling out the simple and quick online funding application.
And remember, Paragon’s 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.
Paragon Gets You Money To Run Your Business
Improve Your Company’s Cash Flow Without Additional Debt
This is not a loan, so you incur no additional debt. Paragon doesn’t ask for an equity stake in your company. We get you the money you are due immediately upon completion of work. You will maintain full command 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
Log onto Paragon’s real-time reports system. Check collections, print out account reports and more. If you have clients that need friendly reminders, let our experienced call personnel contact your past due accounts. At your request, our professional team can even apply appropriate pressure to 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.
Win More Business – Get Supplier Discounts
Ultimately, this is the goal of receivable factoring. With your new-found cash flow, you can now go after larger contracts and bigger clients. The big guys often take longer to pay and it’s difficult to perform big jobs or fill larger orders when you don’t have the cash flow to sustain it. The ability to grow your business is The Paragon Factor. In addition, you can now ask for trade discounts from your suppliers. Often times getting a 2% discount for quick pay to your suppliers can help absorb some, if not all, of your factoring cost.