05/21/2012 – Paragon Financial Helps Atlanta Security Guard Staffing Company Take on Large Contracts and Payroll Needs With $350,000 Factoring Line of Credit
FOR IMMEDIATE RELEASE
Fort Lauderdale, FL– May 21, 2012: Paragon Financial Group (Paragon) announced that it has provided a $350,000 factoring line of credit to a security guard staffing group (Company) headquartered near Atlanta, GA. The facility will enable the company to take on larger contracts, meet payroll and grow their business.
The 3-year-old Company provides unarmed and armed security and bodyguard work in Georgia. They offer commercial security monitoring, asset protection, event security, patrol services, and executive protection, as well as design custom security programs. They had a big opportunity to work with CVS pharmacies in Georgia, but needed factoring in order to meet the added payroll.
“We reached out to them initially and have been in touch with them over the years so they knew how invoice factoring worked. Once they found themselves in the position of needing factoring, it was an easy decision for them,” said Michael Rossi, President of Paragon Financial Group. “It would have been difficult for them to fulfill the CVS contract without the proper financing in place.”
With Paragon’s factoring line of credit, the Company will be able to grow their business knowing they have the resources in place to take on large contracts.
ABOUT PARAGON FINANCIAL GROUP
For over 18 years, Paragon Financial Group has provided working capital solutions for growing companies throughout the U.S. 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 receivables financing, government contract financing, payroll funding, and purchase order financing. For more information visit www.paragonfinancial.net.