Here’s How It Works:                              1. Accounts receivable financing, or factoring, is the selling of invoices which are due to be paid sometime in the future for immediate cash. Rather than waiting 30 to 60 days for payment, your business receives cash upon billing to the customer. 2. Typically, an advance is made up to 90% of the invoice amount, depending upon the type of industry your business is in. 3. When your customer submits payment, the remaining portion is returned to you, minus a fee. 4. Fees can be as low as 2%, subject to industry, monthly volume and repayment period. Benefits:                                                  Creates a solid, dependable cash flow. Take on larger orders and new business. Meet payroll demands on a timely basis. Purchase new equipment or more inventory. Take advantage of supplier discounts, and significantly offset the cost of financing. More flexible than bank financing. Factoring keeps pace with sales and company growth.      No limits to how large and quickly your business grows. Qualify even if your company is a start-up, or your profits have not been strong.      Accounts receivable financing is based on your customer’s creditworthiness, not yours. Your receivables can be credit insured. You won’t lose sleep worrying about your      customers not paying. Eliminate bad debt. What Businesses Can Benefit from Factoring? Manufacturers Distributors Trucking & Transportation Companies Government Vendors Information Technology Consultants Security Services Service- Based Companies Staffing Companies And many more industries

At Paragon Financial customer service is key. We specialize in helping small to medium-size businesses grow and prosper.

Whether you’ve been turned down by a bank, have poor credit and/or liens and judgments filed, chances are we can help.

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