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06/08/2012 – Paragon Financial Helps Delaware Area Rug Importer With $500,000 Factoring Line of Credit


Fort Lauderdale, FL– June 6, 2012: Paragon Financial Group (Paragon) announced that it has provided a $500,000 factoring line of credit to an area rug importer (Company) headquartered in Wilmington, DE. The facility will enable the company to take on larger retail clients and grow their business.

The start-up company imports a wide variety of area rugs and sells to large retailers in the United States, but needed cash to be able to pay their suppliers overseas while waiting for payment from their retailers. They looked into a variety of factoring companies and chose Paragon Financial for their experience in the import/export arena and their personable approach.

“This very young company was just beginning to grow, and got a big order from a large retailer,” said Michael Rossi, President of Paragon Financial Group. “Without factoring, they would not have had the cash they needed to take advantage of the opportunity and go forward. We’re pleased to play a small part in their success.”

With Paragon’s factoring line of credit, the Delaware Company will be able to pay their suppliers in a timely manner, and grow their business knowing they have the resources in place to take on larger contracts.


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 of receivables financing, government contract financing, payroll funding, and purchase order financing. For more information visit Paragon Financial Group.

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