Paragon Business Capital Services

  • Do you have working capital shortages?
  • Do your need to offer better payment terms, 45+ days, to your customers?
  • Are you a payroll-intense service business, like janitorial, guard, construction, staffing, or lawn care?
  • Does your line of business require excessive inventory to compete?
  • Do you need to replace aging equipment?
  • Do you need to pay for operating expenses or retire debt or tax issues?
  • Do you have an opportunity to expand?
  • Do you want to take advantage of cash discounts for early payment and volume purchases?

If you answered YES to any of these questions, Paragon Business Capital has your solution for financing alternatives when your cash flow doesn't meet your operating needs.

Factoring

Let Paragon Business Capital provide one of the most accessible forms of business finance to even the newest of businesses. Factoring is perfect for new entrepreneurs bidding on large contracts with state and local governments and large corporations that traditionally take 45 days or longer to pay invoices.

Paragon Business Capital's network of factoring investors purchase accounts receivable, i.e. business invoices. Once your company generates invoices for services rendered, these invoices are sold to Paragon Business Capital's network of investors. You are advanced 80 to 85 percent of the invoice face value and funds are usually wired directly into your business checking account within hours of invoice receipt. After invoices are collected, the remaining balance, less applicable fees, is refunded to you.

Typical factoring fees for 30 days are in the two to three percent range like most credit cards. Unlike credit card processors, Paragon Business Capital's factoring investors provide additional services such as:

  • Expert collections service,
  • Daily collection and aging reports,
  • Tax reports, and
  • Creditworthiness of prospective and existing customers.

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Asset-Based Lending

Get more cash more quickly with Paragon Business Capital than from traditional banks. Paragon Business Capital's network of investors provide asset-based lending to businesses like manufacturers, distributors, restaurants and retailers with at least three years operating history and needing $500,000 or more.

Paragon Business Capital's investors provide a revolving line of credit based on accounts receivable, inventory, machinery and equipment, and real estate. Loans are based on 75-80% of the face value of accounts receivable. This borrowing base will also include an amount for inventory as well as equipment. The borrower provides invoices or sales reports each week that are used to calculate the current borrowing base.

Paragon Business Capital's investors advance the funds to replenish inventory, purchase materials and supplies, meet seasonal demands, keep payables current, finance growth, etc. If your company doesn't have the credit ratings or track record, let Paragon Business Capital help you with the ultimate in flexible financing. Maximize your borrowing capacity today.

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Equipment Leasing

Don't let cash flow stall your business growth. Paragon Business Capital's network of investors can provide you with a custom financing package that meets all of your equipment leasing needs for machinery, vehicles, computer hardware and software, telephone systems and services, and equipment warranties.

With Paragon Business Capital's equipment leasing program, you avoid having to come up with the funds necessary to purchase the equipment outright. Instead, with equipment leasing the cost of the equipment is spread over a year or more with fixed monthly payments. In most cases leasing offers near 100% financing, with no down payment, and may include taxes, delivery, installation, training and software.

You can even opt to add on equipment or receive an upgrade when the lease ends. Additionally, tax benefits of equipment leasing may be totally deductible or accelerated.

The result is that your business' cash flow and credit line are left open to be used for day-to-day operations and growth opportunities. Paragon Business Capital offers a wide variety of lease options and payment schedules, the most competitive rates, a simple application and less than a 24-hour approval process.

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Import / Export Factoring

Any business that engages in importing or exporting understands the concerns and complexities of extending credit to overseas customers. The financial issues involved include:

  • If I extend credit to my customer in a foreign country, how do I know that I will get paid?
  • Do I really know if my customer is honest and reputable?
  • If I am importing from overseas, why won't my vendor extend me credit and give me payment terms?

This is where an invoice-factoring firm that specializes in import/export factoring can be an asset to your business.

Factoring companies that work in the import/export arena generally work with correspondent factors in foreign countries to help facilitate factoring transactions in most countries around the world. The factoring companies work together to ensure that the financial aspect of an import or export financial transaction is smooth and seamless to the parties on both ends of the transaction.

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