08/20/2012 – Paragon Financial Helps Indiana Start-up Staffing Company with a $500,000 Invoice Factoring Line

FOR IMMEDIATE RELEASE

Fort Lauderdale, FL– July 20, 2012: Paragon Financial Group (Paragon) announced that it has provided a $500,000 invoice factoring line of credit to a start-up staffing company. The financing will enable the Company to take on global contracts and expand.

The Carnel, Indiana-based entrepreneur is a current Paragon client who was opening a new business and needed factoring to establish themselves and grow. The new Company provides hourly workers to fabricate thermal and acoustic insulation products in heavy-duty vehicles and commercial aircraft.

“It was natural for him to return to us, and it validates that we have provided excellent service in the past,” said Michael Rossi, President of Paragon Financial Group. “We’re truly excited to help him launch this new enterprise.”

The factoring deal had 100 percent concentration, so Paragon worked with the single debtor to get written verification before they could sign off on the transaction.

With Paragon’s factoring line of credit, the young Company will have a successful launch and be able to grow.

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 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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