04/03/2015 – Paragon Financial Announces Invoice Factoring Program for Green Energy Fund Contractors
FOR IMMEDIATE RELEASE
Ft. Lauderdale, FL, April 3rd, 2015 – Paragon Financial Group announces a new invoice factoring program designed for the working capital needs of green energy contractors. Green financing programs are rapidly spreading across the U.S with 36 active programs and 11 programs in development according to pacenow.org. These programs are stimulating jobs, creating a more climate friendly environment and providing contractors a bountiful amount of work. A study by ECONorthwest showed every $1 million in project spending results in 15 new jobs and $2.5M in economic output. Paragon Financial has created an invoice factoring program to provide needed working capital to help green contractors increase access to green construction opportunities and maintain profitability throughout the entire life-cycle of green energy jobs.
“From Sacramento, California to Jacksonville Florida, we understand the specific needs of contractors and green energy initiatives. From state and federal regulations to the specific types of funding deals contractors experience. The funding program is built on over 20 years of experience funding the construction industry and green energy,” said Chris Curtin, Paragon Financial’s National Sales Manager.
Contractors are being asked to complete residential and commercial energy-efficient upgrades such as rooftop solar systems installation projects, energy efficient roofing and windows, recycled water systems(such as gray water reclamation systems) and new heating and air conditioning units. The Property Assessed Clean Energy (PACE) and Warehouse for Energy Efficiency Loans (WHEEL) financing program lead the way for regional programs such as the HERO Program, California FIRST, Green Energy Market Securitization (GEMS) and Ygrene. This is just a few examples of the green energy fund initiative that is spreading across the U.S.
Stacey Lawson, Ygrene President and CEO said ,”Ygrene Works allows cities and counties to activate the lowest-cost energy upgrade financing for residents in one simple step.” She continues to state consumers “can save money right away while cities and counties can enhance efforts to achieve environmental targets, create local jobs and generate economic growth.”
About Paragon Financial Group
For over 20 years, US companies across all industries have selected Paragon Financial to meet their working capital needs. From government contractors to distribution companies, from staffing firms to manufacturers, business owners have successfully grown their companies with Paragon Financial’s invoice factoring, AR management, credit protection and purchase order financing programs. To get funded now, please call 888-271-9347 or visit www.paragonfinancial.net.