09/30/15 – Paragon Financial Sees Increase in Trade Financing in 3rd Quarter 2015
Ft Lauderdale, FL – Paragon Financial Group announces it has experienced a 23 percent increase in funding deals generated from trade financing and import purchase order financing during the 3rd quarters of 2015. Paragon believes in part this is occurring from China devaluing its currency, with cheaper Chinese imports creating strong opportunities for United States importers. Trade and financing go hand-in-hand with approximately 90% of the world’s international trade being financed according to the World Trade Organization.
Chris Curtin, Paragon Financial’s National Sales Managers states, “Trade lines through banks are limited for many companies, but being transaction driven, Paragon Financial can fund over and above the usual bank constraints. Another reality is that many Chinese companies no longer want letters of credit, as China’s banking issues make it difficult for factories to monetize a LC as in the past. Our clients can utilize Paragon’s creditworthiness for their suppliers to release the goods and be paid from the Invoice Factoring proceeds via a Vendor Guarantee or our Cash Against Documents (CAD) Program.”
About Paragon Financial Group
For over two decades, US companies across all industries have selected Paragon Financial to meet their working capital needs. Non-Recourse Accounts Receivable Facilities are available up to $3,000,000 USD.
From government contractors to distribution companies, from staffing firms to manufacturers; business owners have successfully grown their companies with Paragon Financial’s Non-Bank Invoice Factoring, Accounts Receivable Management, Credit Protection and Purchase Order Financing Programs. For fast funding now, please call 888-271-9347 ext 1 or visit our website paragonfinancial.net.