Lighting Company, Boston, Massachusetts

Boston, MA — $1,000,000

Paragon Financial has provided a $1,000,000 receivable financing line of credit to a Boston, MA lighting company.

Security Guard Staffing, Sunrise, Florida

Sunrise, Florida — $750,000

Paragon Financial has provided a $750,000 receivable financing line of credit to a Sunrise Florida Staffing firm providing security guard services.

Beer Brewing Company, New York, NY

New York, NY — $250,000

Paragon Financial has provided a $250,000 accounts receivable factoring line of credit to a New York Beer Brewing & Beverage Company.

Flower Distributor, Miami, FL

Miami, Florida — $800,000

Paragon Financial has provided a $800,000 receivables financing line of credit to a Miami Florida Floral Distributor.

We moved quickly to meet their working capital needs and gave them peace of mind with Paragon’s Credit Protection through Non Recourse Factoring Program.

Ready for fast, secure funding now? Or to discuss Non Recourse Invoice Factoring and the Safety Net it can give your Floral Distribution business, please contact our National Sales Manager, Chris Curtin via email or call him at 888-400-5931 ext 1.

Money When Your Business Needs It Most!™

Cable Construction, Kissimmee, FL

Kissimmee, Florida — $650,000

Specialty Food Distributor, Michigan

Michigan — $400,000

Paragon Financial has provided a $400,000 invoice factoring line of credit to a Michigan Specialty Food Distributor.

Houston Texas Litigation Services

Houston, Texas — $800,000

Cookie Distributor, Coral Gables, FL

Coral Gables, Florida — $250,000

Paragon has provided a $250,000 factoring line of credit to a Coral Gables, Florida Cookie Distributor.

We moved quickly to meet their working capital needs and gave them peace of mind with Paragon’s Credit Protection through Non Recourse Factoring Program.

Ready for fast, secure funding now? Or to discuss Non Recourse Invoice Factoring and the Safety Net it can give your Food Distribution business, please contact our National Sales Manager, Chris Curtin via email or call him at 888-400-5931 ext 1.

Money When Your Business Needs It Most!™

Boston Massachusetts Lighting Company – Payroll Funding

Boston, Massachusetts — $1,500,000

Client: Lighting Company

Industry: Lighting and Energy Conservation

Situation: Located in Boston, MA, this forward-thinking company provides cost-effective turnkey lighting solutions from design through installation and ongoing service. Working for commercial, industrial and utility markets, each project is a huge, labor-intensive undertaking, and they relied on factoring to meet payroll. They had been working with Paragon on a steady basis until they perceived they needed to move toward a more traditional finance relationship, but we kept in touch. After four years with another finance company, the Company called Paragon and asked to come back “home.” The relationship with the other finance company had soured. What’s worse, the finance company looked like they were going to go out of business and couldn’t fund any longer. The Company needed to get out of a bad situation quickly.

The Solution: Paragon immediately responded with a $1.5 million factoring deal, working under tight time constraints to get the other finance company paid off. Though being familiar with the Company made it easier, we still had to do the buyout agreement, get all the contracts signed and do all the verifications within five days. We worked around the clock and got it done on time.

Result: With a new, reliable source of working capital in place, The Company was able to meet payroll and continue taking on new projects without a single hiccup.

“Having a customer return after four years demonstrates the strength of the relationships we develop. They were comfortable with our people and happy with our flexibility, which made it easy for them to return,” said Michael Rossi, president of Paragon.

 

IT Staffing, Maryland

Maryland — $250,000

Paragon has provided a $250,000 invoice financing line to a Maryland IT Staffing Firm.

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