Paragon Financial Group Provides $750,000 Factoring Facility to Cable Sales Company

July 12, 2011 - PRLog -- 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 services.   Paragon’s Managing Partner, Jon Anselma, identified this as a golden opportunity to schedule a meeting with the owner and explain how our invoice factoring services could help.  Paragon is well-versed in business financing for multiple facets within the cable industry including door-to-door cable sales and installation.   As part of the company’s growth strategy, they signed a new contract with a major cable provider that had an existing sales team who had worked the market previously.  The contractor sought financial assistance from Paragon as sales increased and started factoring their invoices to improve cash flow, meet payroll, and supplement growth.

Paragon Financials’ Managing Partner, Jon Anselma, stated, “One of their sales people came to my home residence pitching cable services.  I saw it as an opportunity for Paragon.  In the cable industry, technicians and door-to-door sales crews need to be paid on time.  Paragon understands the need for that, which is why our client was up against a wall with their cash flow as business started to grow rapidly.  We know there are many cable contractors out there like this one who need funding fast, and often times they don’t fall within a bank’s funding criteria.  That’s what separates a factoring company like Paragon from the banking industry.  We work quickly, we’re hassle-free, and we concentrate on our clients’ customers’ ability to pay, not the creditworthiness of our client.”
 
Financing cable subcontractors is one of Paragon’s specialties. We provide business financing solutions for subcontractors or contractors dealing with the major providers such as Comcast, Cox Cable, AT&T, Time Warner, Mediacom, and more.   Paragon works with a wide variety of companies within the cable industry, including cable installation, door-to-door cable sales, drop bury, disconnects, and boring contractors.  We also provide working capital solutions to a variety of small to larger businesses in multiple other industries through our accounts receivable factoring and purchase order financing programs.  


For additional information please visit us at ParagonFinancial.net or contact:

Lanette Tucker
Paragon Financial Group
954.524.4840 phone
954.524.3533 fax
lanettet@paragonfinancial.net
www.paragonfinancial.net

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Paragon Financial has the initiative to afford growing businesses an alternative to conventional bank financing. When banks are unwilling to provide financing, Paragon can promptly offer a steady stream of cash through the factoring of accounts receivables.

Over the past 15 years, Paragon Financial has combined a strong management team with steadfast customer service to become an acknowledged leader in the invoice factoring industry. From manufacturers and distribution companies to staffing and other service-based industries, we have imparted over 2000 business owners the opportunity to grow their companies without the everyday burden that cash flow difficulties can proffer.