Press Releases from Paragon Financial Group (13 total)
Paragon Helps Launch Distribution Company with $600,000 Invoice Factoring Line
Paragon Financial Group (Paragon) announced that it has provided a $600,000 invoice factoring line of credit to a metals supply distributor. The financing will enable the Company to take on new clients and build their business.
Based in Charlotte, NC, the Company was founded in 2012 by a former top metals salesman. The owner saw first-hand the effects of shifting industry dynamics and a continually changing landscape of national service centers…
Paragon Financial Group Assists Equipment Reseller
Ft Lauderdale, FL July 12, 2012
Paragon Financial Group (Paragon) announced that it has provided a $900,000 purchase order financing and invoice factoring line of credit deal to a large equipment reseller. The financing will enable the Company to take on global contracts and expand.
The Miami-based Company is a leading provider of heavy equipment, such as backhoes and cranes, to the United Nations. They had an opportunity to take on…
Paragon Financial Helps Atlanta Security Guard Staffing Firm Take on Large Contr …
Fort Lauderdale, FL– May 21, 2012: Paragon Financial Group (Paragon) announced that it has provided a $350,000 factoring line of credit to a security guard staffing group (Company) headquartered near Atlanta, GA. The facility will enable the company to take on larger contracts, meet payroll and grow their business.
The 3-year-old Company provides unarmed and armed security and bodyguard work in Georgia. They offer commercial security monitoring, asset protection, event security,…
PARAGON FINANCIAL GROUP HELPS DISTRIBUTOR EXTEND SEASONS WITH $650,000 INVOICE F …
Fort Lauderdale, FL– April 13, 2012: Paragon Financial Group (Paragon) announced that it provided a $650,000 invoice factoring line of credit to a distributor of seasonal landscape products (Company) headquartered near Gary, IN. The facility will help the Indiana company take advantage of growth opportunities.
The Company distributes fertilizer and grass seed in the spring and summer; then de-icing products such as salt and sand during the winter, to retail customers…
FORMER PARAGON CLIENT CONVICTED OF FACTORING FRAUD AND SENTENCED TO 21 MONTHS FO …
Fort Lauderdale, FL - April 4th, 2012: In 2009 when the economy got tough, many businesses were tightening their belts as sales decreased. A former Paragon client, Innovative Staffing, who provided temporary help and labor services and had been with them for about 10 years decided to take a different route. Paula Patak, from Fort Lauderdale, FL, decided to submit inflated and fictitious invoices to make up for her decreased…
PARAGON FINANCIAL GROUP HELPS IT STAFFING COMPANY MEET PAYROLL NEEDS WITH $500,0 …
Chicago, IL- March 20, 2012: Paragon Financial Group (Paragon) today announced that it provided a $500,000 accounts receivable financing factoring line of credit to an Information Technology staffing business (Company). Working from Chicago, the small business works to match businesses across the country with the expert IT professionals they need. The facility will provide the cash flow the Company needs to meet payroll and grow.
Specializing in Computer Systems Design…
Jon Anselma of Paragon Financial Group Appears on PBS Nightly Business Report
Ft. Lauderdale, FL, February 7, 2012: Jon Anselma, Managing Partner of Paragon Financial Group, appeared on the prestigious PBS Nightly Business Report to explain the role factoring companies play in providing much needed working capital for businesses. The episode, which aired on January 25, 2012, also highlighted how factoring has helped many companies survive through a turbulent 2011.
Offering expert industry insight, Anselma discussed how companies have suffered losses in the…
PARAGON FINANCIAL GROUP PROVIDES ACCOUNTS RECEIVABLE FINANCING TO CABLE CONTRACT …
Ft. Lauderdale, FL, December 19, 2011: Paragon Financial Group (“Paragon”) today announced that is has provided a $500,000 accounts receivable financing facility to a Philadelphia area cable contractor. The additional working capital will be used to bring on additional employees and grow the company, creating valuable jobs in a tough economy.
In business for nine years, the well-established Company provides underground and aerial infrastructure services to Comcast, which awarded the company…
Paragon Financial Closes $750k Receivable Financing Facility for Oregon Distribu …
Fort Lauderdale, FL, 11/21/2011, Paragon Financial Group, Inc. is pleased to announce its latest success story – a receivables financing line of credit to a distributor of aromatherapy heat products. The company’s headquarters are based out of Clackamas, Oregon, near Portland.
The company was formed in 1996 with one simple goal in mind – to create the highest quality aromatherapy hot and cold wraps at the most affordable price. …
Paragon Financial Group Provides $1,000,000 Accounts Receivable Factoring Line f …
Ft. Lauderdale, FL, 11/14/2011, Paragon Financial Group, Inc. today announced a new accounts receivable factoring line with a door-to-door cable sales and installation contractor headquartered in Goodlettsville, Tennessee, near Nashville.
The contractor established the new business to market cable sales and installation services to residential customers. With over 13 years previous experience in the industry, getting sales wasn’t he problem. Handling the growth and capital…
Paragon Financial Group Secures $500,000 Invoice Factoring Line for Staffing Com …
Indianapolis, IN, 6/21/2011, Paragon Financial Group is pleased to announce its latest success story, a staffing company headquartered in Carmel, Indiana.
The business was originally established to provide temporary staffing services to a wide variety of industries. The combination of an unfavorable state unemployment rating, increased exportation of manufacturing jobs, and the general decline of economic conditions resulted in lower revenues and decreased profit margins. Alternatively, the…
Paragon Financial Group Provides $750,000 Factoring Facility to Cable Sales Comp …
Ft. Lauderdale, FL, 6/22/2011, Paragon Financial Group, Inc. announces its latest success story providing an invoice financing facility to a door-to-door cable sales company in California.
Paragon Financial is a factoring company that understands a prospect can emerge from virtually anywhere. Several years back a cable sales representative literally came knocking on our door soliciting business for a cable company. It opened a window to discuss our own…
Paragon Financial Group Provides $750,000 Invoice Factoring Line for Cable Contr …
Ft. Lauderdale, FL, 6/23/2011, Paragon Financial Group, Inc. is pleased to announce the closing of a new factoring facility for a cable communications contractor in California.
This California based door-to-door cable sales company had recently increased business by taking on a new territory with Time Warner Cable. Growth in both sales and labor resulted in an impending cash flow shortage. The owner could no longer…
