8/29/2011 – Paragon Financial Partners with Local Bank to Close $600,000 Receivables Financing Facility for Florida Printing Company

FOR IMMEDIATE RELEASE

Fort Lauderdale, FL, 8/29/2011, Paragon Financial Group, Inc., with the help of a local bank we are pleased to announce a recent receivables financing facility for a commercial printing company headquartered in Melbourne, Florida.

The company began business in 2009 as a graphics printing company.  The owner had encountered several attempts to bring forth business in other industries, but the commercial printing endeavor proved to be the most profitable.  With business growing so quickly, the owner soon maxed out his current line of credit with his local bank and was in need of additional financing.

Paragon works with local and national banks cross cultivating business partnerships in an attempt to get companies the funds they need.  When the bank’s client needed additional capital for growth and was unwilling to extend their own facility, the bank quickly called Paragon to inquire about our factoring services.  An inter-creditor agreement was negotiated with the bank and the printing company began the factoring of their invoices within a few days.  The local bank was pleased because their client continued to grow without the need to offer them a larger line.  As the factoring company, Paragon helps another client, and the prospect receives the funds it needs for growth.

Michael Rossi, President of Paragon, adds, “We are always grateful for the opportunity to work with banks.  Whether the client has exhausted its line with the bank, or whether it’s a buyout situation for the bank, we can help.  We understand that small, yet growing businesses need stability and an opportunity to stay successful in this economy.  Invoice factoring can give them that opportunity.”

For over 18 years, Paragon has been working with banks to provide working capital solutions for growing companies throughout the US.  We service a wide variety of small to large-size businesses in many industries through our accounts receivable factoring and purchase order financing programs.  Paragon is a leading source of receivables financing, government contract financing, payroll funding, and purchase order financing.

For additional information, contact:

Chris Curtin
Paragon Financial Group
954.524.4840 phone
954.524.3533 fax
chris@paragonfinancial.net
www.paragonfinancial.net

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