11/14/2013 – Factoring Company Paragon Financial Group, Inc. Celebrates 20 Years of Funding Clients
FOR IMMEDIATE RELEASE
Ft. Lauderdale, FL – November 14, 2013: Paragon Financial Group Inc. is celebrating 20 years of funding the small business community. Paragon Financial has contributed to the growth and success of over 1500 businesses and has funded well over one billion dollars through their receivable financing and purchase order funding programs. Over the past 20 years they have serviced a large variety of industries ranging from oil and gas, staffing, importers, and government contractors.
The company was conceptualized while the founders, Jon Anselma and Michael Rossi, were attending college. They worked for other factoring companies for only two years before branching out on their own at 24 years old. With $100,000 in seed capital and working from a small apartment, they first opened their doors in 1994. Experiencing growth and wanting to move away from investors, they got their first break two years later when obtaining a $2 million line of credit leveraging $500 thousand in subordinated debt. Jon Anselma, co-founder and Managing Partner says he has many people to thank that believed in Paragon. “I have learned the most from our clients, they are true entrepreneurs that are out there pounding the pavement every day.”
Fast-forward 20 years later, Paragon owns its building and has factored well over a billion dollars. “I take great pride in helping so many small to midsize businesses grow and eventually move on to bank financing” says Jon Anselma, “Factoring helps smaller companies compete with the big guys”.
Jeri Crawley, owner of Crawley Services knows firsthand the value that Paragon Financial provides. Crawley says, “What a milestone that Paragon has worked and helped for so many years to keep small business’ going. Kudos to all of you. I am so grateful that a company like yours was out there to make my job just a little easier. Running a company and managing cash flow is tough … Having Paragon in my business has kept us going to create good times in a bad market. Thank you and let’s go for another 20!”
Michael Rossi, co-founder and President says, “It seems only yesterday that my partner Jon and I were in Finance class at the University of Tampa presenting our thesis paper on how to start a Factoring company. The relationships we have forged over the years have been tremendous. It has been a very rewarding 20 years. “
ABOUT PARAGON FINANCIAL GROUP
For 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 funding. For more information, visit http://paragonfinancial.net/.