08/22/2013 – Paragon Financial Group Announces their new Credit Facility with BankUnited
FOR IMMEDIATE RELEASE
Paragon Financial Group Inc. announces their new credit facility with BankUnited. Paragon Financial will be working with BankUnited and their business customers providing a broad range of financial and factoring programs to clients that are not quite ready for bank financing through Paragon Financial’s Invoice Factoring,Purchase Order Funding and Vendor Guarantee Programs. They will work together to assist growing business with monthly sales up to $3,000,000 with their working capital needs through a strong portfolio of factoring programs such as invoice factoring, receivables financing, credit protection, purchase order financing, government factoring, trade finance and vendor guarantees.
“Our relationship with Paragon Financial is extremely important for BankUnited in order to grow and expand our presence among small and medium-sized companies” says Rick Thill, Senior Vice President of BankUnited.
Paragon Financial’s business financing programs will help BankUnited provide funding and loans to a much wider set of business customers of varying credit, growth and funding needs. Their programs allow for deposit growth even with non-bankable clients along with same day funding allowing for better cash management tools for clients.
“Paragon Financial is excited about our new lending relationship with BankUnited. Paragon Financial for almost 20 years has helped the non and under bankable entrepreneur. With BankUnited’s almost 100 branches we look forward to working closely with BankUnited’s front line personal as we help newer and fast growth companies create new jobs and grow their businesses” says Chris Curtin, National Sales Manager of Paragon Financial.
Furthermore, Paragon Financial has invoice factoring and accounts receivable funding programs available to shoulder credit risk for startups, turnarounds, bank existing and non-bankable relationships. Personal credit of the business owner is typically not an issue. Paragon Financial looks at the credit worthiness of their client’s customer.
BankUnited has more than $12 billion in assets and more than 95 branch locations and focuses on the financial needs of growing companies and their executives, consumers and commercial and middle-market businesses in Florida’s thriving coastal regions. The bank offers a broad range of online services, treasury management tools for businesses and traditional depository and lending products.
ABOUT PARAGON FINANCIAL GROUP
For almost 20 years, Paragon Financial Group has provided working capital solutions for growing companies throughout the U.S. They serve small to medium-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 Financial is a leading source for receivables financing, government contract financing, payroll funding, and purchase order financing. For more information, visit https://www.paragonfinancial.net.