11/17/2011 – Paragon Financial Group Spurs Growth for California Importer/Distributor with $750,000 Invoice Factoring Line

FOR IMMEDIATE RELEASE

Ft. Lauderdale, FL, 11/17/2011, Paragon Financial Group, Inc. has funded a recent factoring transaction with a manufacturer of motion lighting products in Goleta, California, near Santa Barbara.  The increased cash flow will be used to support company growth and development.

The business was established in 2005 with one primary purpose; to provide motion lighting products for RV drivers.  Since then, the company has expanded into multiple lighting products, as well as the LED lighting industry, by offering cost-efficient illumination items to its customers.  A small portion of the products is manufactured internally while most are imported.

With increased sales and production, operating costs prohibited the company from reaching its full growth potential.  With slow paying customers and without the aid of proper financing the orders were becoming too large to handle internally.  Paragon had an invoice factoring program and they were able to get approved quickly.   In this case, the referral came from one of Paragon’s current clients.

President of Paragon Financial, Michael Rossi, states, “I am grateful that Paragon is a component in facilitating the company’s growth.  While other companies have stalled during the economic downturn, their records show triple-digit growth every year, and we look forward to building a relationship with the company to further expand that growth in the future.”

Paragon has provided business capital solutions for importers and distributors since 1994.   Our invoice factoring program has the flexibility to advance up to 95% of the invoiced amount, giving businesses the opportunity to further develop their trade.  We specialize in invoice financing, purchase order financing, payroll funding, government contract financing, letters of credit, and supplier guarantees.

For additional information visit us at Paragonfinancial.net or contact:

HelpDesk@Paragonfinancial.net
Paragon Financial Group
888-400-5931 phone
954-524-3533 fax
www.paragonfinancial.net

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