Paragon Financial offers invoice factoring, invoice financing, invoice funding, purchase order financing, accounts receivable financing and factoring to growing businesses of every size.

1. Paragon Financial Group Announces $900,000 Payroll Funding to
Healthcare Staffing Company
FOR IMMEDIATE RELEASE
Ft. Lauderdale, FL, 8/08/2011 – Paragon Financial Group, Inc. today announced it has provided a
payroll funding line of credit to a New York based nurse staffing agency with offices in California,
New Jersey, Arizona, and New York.
The agency was initially established in 2001 to help offset the nationwide shortage of nurses. Its
ability in the recruitment and deployment of local, foreign, and allied healthcare professionals
quickly established them as a fast growing company with an opportunity to focus on the California
marketplace. In the last few years, however, the LA County budget crisis has impacted local
hospitals where the agency places many of its nurses. Invoicing these facilities under this type of
economic environment has created not only delays, but credit issues.
To help overcome the agency’s cash flow shortage, Paragon’s broker affiliate extended an
opportunity for Paragon to contact the agency and provide financial assistance. Despite the
challenging situation with budget setbacks, Paragon was able to extend the necessary credit to LA
County. Without the ability to secure payroll funding for their biggest customer, there would not
have been enough business to move forward with factoring. With an accounts receivable factoring
line established with Paragon, the company was able to continue their growth into both the New
Jersey, New York, and Arizona markets.
Their owner has been very pleased with the overall experience of the factoring process, and noted, “I
appreciate Paragon for being true to their commitment of helping our business when we needed it
most. I am certainly satisfied with the quality of service that Paragon has provided us.”
Paragon has provided payroll funding for staffing companies for over 18 years. Our accounts
receivable financing program has the flexibility to advance up to 95% of the invoiced amount.
Paragon Financial Group offers not only payroll funding for staffing companies, but we also
provide invoice factoring, purchase order financing, government contract financing, letters of credit,
and supplier guarantees for smaller and larger companies across a wide variety of industries.
For additional information, contact:
Paragon Financial Group
954.524.4840 phone
954.524.3533 fax
lanettet@paragonfinancial.net
www.paragonfinancial.net