Paragon Financial offers invoice factoring, invoice financing, invoice funding, purchase order financing, accounts receivable financing and factoring to growing businesses of every size.
Paragon financial group helps indiana distributor extend seasons with $650,000 invoice financing facility
1. Paragon Financial Group Helps Indiana Distributor Extend Seasons
With $650,000 Invoice Financing Facility
FOR IMMEDIATE RELEASE
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 such as hardware stores. They purchase
the raw supplies they need, mix seed and fertilizer formulas to meet the specifications of each of
their retail clients, and then ship a finished product. A young organization, they had begun to grow
and started getting large orders from bigger retail companies such as Ace Hardware and Menards.
The increased business opportunities brought an increased need for supplies. But the distribution
Company needed more working capital to pay their suppliers and couldn’t wait for receivables.
Their broker recommended they call Paragon.
“We were competing against other factors for this account, but we were able to build a good
relationship with the Company. They told us they appreciated our straightforward approach in
being honest about what we could do,” said Michael Rossi, President of Paragon Financial Group.
“They also liked our expertise, great rates and knowledge of their industry.”
With Paragon’s invoice factoring line of credit, the Company now has the working capital they need
to pay suppliers upfront. The factoring credit line gives them a reliable, stable source of funding to
access new opportunities and take on revenue building relationships with larger customers.
ABOUT PARAGON FINANCIAL GROUP
For over 18 years, Paragon Financial Group has provided working capital solutions for growing
companies throughout the U.S. They serve small to large-size companies across a wide variety of
industries through accounts receivable, invoice factoring, and purchase order financing up to $3
million per month in volume. Paragon is a leading source for receivables financing, government
contract financing, payroll funding, and purchase order financing. For more information visit
www.paragonfinancial.net.