04/13/2012 – Paragon Financial Group Helps Indiana Distributor Extend Seasons With $650,000 Invoice Financing Facility

FOR IMMEDIATE RELEASE

Fort Lauderdale, FL– April 13, 2012: Paragon Financial Group (Paragon) announced that it provided a $650,000 invoice factoring line of credit to a distributor of seasonal landscape products (Company) headquartered near Gary, IN. The facility will help the Indiana company take advantage of growth opportunities.

The Company distributes fertilizer and grass seed in the spring and summer; then de-icing products such as salt and sand during the winter, to retail customers such as hardware stores. They purchase the raw supplies they need, mix seed and fertilizer formulas to meet the specifications of each of their retail clients, then ship a finished product. A young organization, they had begun to grow and started getting large orders from bigger retail companies such as Ace Hardware and Menards.

The increased business opportunities brought an increased need for supplies. But the distribution Company needed more working capital to pay their suppliers and couldn’t wait for receivables. Their broker recommended they call Paragon.

“We were competing against other factors for this account, but we were able to build a good relationship with the Company. They told us they appreciated our straightforward approach to being honest about what we could do,” said Michael Rossi, President of Paragon Financial Group. “They also liked our expertise, great rates and knowledge of their industry.”

With Paragon’s invoice factoring line of credit, the Company now has the working capital they need to pay suppliers upfront. The factoring credit line gives them a reliable, stable source of funding to access new opportunities and take on revenue building relationships with larger customers.

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 of receivables financing, government contract financing, payroll funding, and purchase order financing. For more information visit www.paragonfinancial.net.

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