03/23/2012 – Paragon Financial Group Helps Chicago IT Staffing Company Fund Payroll Needs with a $500,000 Accounts Receivable Factoring Line

FOR IMMEDIATE RELEASE

Chicago, IL- March 23, 2012: Paragon Financial Group (Paragon) today announced that it provided a $500,000 accounts receivable financing factoring line of credit to an IT staffing business (Company). Working from Chicago, the small business works to match businesses across the country with the expert IT professionals they need. The facility will provide the cash flow the Company needs to fund payroll and grow.

Specializing in Computer Systems Design and Specialty Construction Support services, the Company had an opportunity to subcontract for Caci, a very large defense contractor for the federal government. Unfortunately, the sole proprietor didn’t have the deep pockets needed to fund payroll while waiting for payment of invoices. And with few assets, traditional bank financing was not available.

An Internet search led the Company to Paragon Financial. Upon comparing factoring companies, they found better pricing with Paragon Financial and appreciated Paragon’s deep knowledge of government contract financing. Paragon also helped them clear up some past tax issues to smooth the way for factoring.

“With our factoring line, the Company can now take advantage of the huge opportunity to contract with Caci and still fund payroll in a timely manner. We’re pleased to use our government contract expertise to help this small business grow,” said Michael Rossi, President of Paragon Financial Group. “Additionally, the Owner now has peace of mind when pursuing new business, knowing he has Paragon Financial standing behind him as a resource.”

ABOUT PARAGON FINANCIAL GROUP

For over 20 years, Paragon Financial Group has provided working capital solutions for growing companies throughout the US. They serve small to large-size companies across a wide variety of industries. Through accounts receivable, invoice factoring, and purchase order financing up to $3 million per month in volume. Paragon is a leading source for invoice factoring, government contract financing, payroll funding, and purchase order financing. For more information visit www.paragonfinancial.net.

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