Blessed with an entrepreneurial spirit from the very beginning, Michael Rossi co-founded Paragon Financial with Jon Anselma in 1994. The idea for the company had been conceived as they studied together at the University of Tampa. After working for other factoring companies for a few years and with a vision of using his finance and accounting education to help small businesses thrive, he raised the working capital required to launch and began reaching out to companies that needed funding to help their businesses grow. Their idea was to give growing businesses an alternative to conventional bank financing and provide better service through direct access to decision makers. The firm is deeply rooted in that philosophy and has factored over $1 billion dollars for small to mid-sized companies through invoice factoring, purchase order financing and vendor guarantees.
With offices in Fort Lauderdale, Tampa and Miami, he has grown the business to servicing over 80 companies of all sizes across many industries throughout the United States.
He is responsible for building a strong management team and leading the day-to-day operations of the business. He also tackles Chief Financial Officer, accounting and marketing duties.
Rossi is a member of the International Factoring Association, the Commercial Finance Association and the Turnaround Management Association. He is frequently called on by media for his expertise in factoring and commercial lending. He contributes articles to The Secured Lender and often shares his insights through the Small Business Blog on paragonfinancial.net.
At the University of Tampa, Rossi majored in finance with a minor in accounting.
Jon Anselma co-founded Paragon Financial with Michael Rossi in 1994, with the goal of providing growing businesses an alternative to conventional bank financing and better service through direct access to decision makers. The firm is deeply rooted in this philosophy and has factored over $1 billion dollars for small to mid-sized companies.
As the Managing Partner of Paragon Financial, Anselma excels at relationship building and developing funding solutions that focus on the needs of their clients. With offices in Fort Lauderdale, Tampa and Miami, they service businesses of all sizes across many industries in the United States. He is responsible for managing the company’s sales and underwriting efforts as well as encouraging a company philosophy of understanding client needs to help them reach their goals.
He is well-known in the factoring industry and currently serves on the Board of Directors for the Commercial Finance Association, the Assignment of Claims Act Working Group, and previously served on the Advisory Board for the International Factoring Association. He is frequently called upon by media for his expertise in factoring and commercial lending. He has appeared on National Business Review, written numerous articles, and been featured in numerous national publications including the Secured Lender, Cash Flow Exclusive and the Commercial Factor.
Anselma holds a bachelor’s degree in Finance from the University of Tampa.
Chris has been charged with growing Paragon’s business and providing working capital solutions for growing companies throughout the U.S.
For over two decades, Chris has been assisting Entrepreneurs with their Working Capital and Cash Flow needs. In 1998, Chris co-founded Bankers Mutual Capital Corporation. Bankers Mutual helped startup and high growth companies by offering Invoice Factoring and Purchase Order Funding.
In 2004, Chris formed Bankers Advocate Group, a boutique mergers and acquisition firm again to help Entrepreneurs with their final success of Exiting Business Ownership.
Even while helping Entrepreneurs through M&A, Chris realized he could help both intermediaries and Entrepreneurs even more if he worked directly for a funding source again. He joined Paragon Financial as its National Sales Manager to guide their growth through Invoice Factoring, Purchase Order Financing, Credit Protection and AR management. Chris is based in South Florida; however, he assists Paragon’s clients, brokers and referral sources throughout the United States.
Chris earned his B.S. in Industrial Management from the Georgia Institute of Technology in 1980 in his home state of Georgia, where he won awards as an amateur tennis player. His solid upbringing within the family business gave Chris a deep appreciation for ethics, hard work and success.
He is a former board member of the Association for Corporate Growth (ACG), former board member of Angel Forum of Florida, served on the Board of Child and Family Connections, (the $40 million lead non-profit responsible for over 1200 foster children in Palm Beach county) and is treasurer of the Georgia Tech Club of Palm Beach.
Chris was the founding President of the Turnaround Management Association’s (TMA) Florida Chapter and served on the TMA’s Executive Board of Directors, served on the Micro Loan Committee for The Minority & Women Business Enterprise Alliance in Orlando and served the Board of the Palm Beach County Resource Center.
The Florida Chapter of the Turnaround Management Association received the 2001 Most Improved Chapter award under Chris’ leadership. In 2002, Chris received the Outstanding Individual Contribution Award from the International TMA for his successful “turnaround” of the Florida TMA chapter and his contributions to the turnaround industry in general. Florida TMA was also honored with the Best Chapter Award in 2007. Numerous Trade Groups, Banks, CPAs, Investment Houses and Law Firms have sponsored Chris to speak at their events throughout the US.
Tom Longo serves as Senior Vice President at Paragon Financial Group, responsible for underwriting, and developing and maintaining factoring policies. He is known for his creative solutions and devising strategies to factor companies others would have turned away. He was responsible for introducing Documents in Possession Financing as an alternative to Letters of Credit, giving factors more control over the process, and manages all DIP accounts at Paragon.
Prior to joining Paragon in 1998, Longo was a comptroller at Iron Horse, a U.S. based bicycle manufacturer where he first became exposed to factoring and was responsible for maintaining the factoring relationship. Previously, he was comptroller for Pavermodule of Florida, Inc. from 1993 to 1996.
Longo served in the U.S. Army as platoon leader and graduated with distinguished honors. He earned his Bachelor’s degree in Accounting and Business from Florida Atlantic University.
David Posner is Vice President Business Development for Paragon Financial, responsible for developing and maintaining new and existing client and referral source relationships throughout the United States. He has over 25 years experience in the commercial finance industry with a focus on territory development and expanding market share. He builds close relationship with clients and excels at providing total quality customer service.
Before joining Paragon in 2003, Posner had wide experience in commercial and residential mortgage broker services, insurance and employee benefit program sales, and B-to-B sales. He was Regional Manager with Arbitronix Financial Services where he was responsible for sales, development of new territories, and expanding market share. Earlier in his career, Posner was Vice President of Commercial Lending for Affiliated Financial Services, where he closed over $40 million in financing and established a world-wide referral network with merchant banks in the UK and trust managers in Germany.
Posner is a member of the Turnaround Management Association (TMA), Commercial Finance Association (CFA) and the Association for Corporate Growth (ACG).
David holds a Bachelor of Arts degree from the University of Florida, Gainesville.