Paragon Financial Group Announces 600k Receivable Financing Facility for Startup Cable Sales Company

July 28, 2011 - PRLog -- Miami, FL, 7/28/2011, Paragon Financial Group announces recent invoice financing line for a startup door-to-door cable sales company headquartered in Bloomfield, New Jersey.  

A new startup company started doing business promoting door-to-door cable sales.  The owner had previous experience in the industry and had established valuable connections while working for another cable company.   The new company hit the ground running, and immediately encountered problems with cash flow.   This created a problem with payroll, paying sales people, and growth.  One of the company’s clients, who is also a national cable sales provider, works with different vendors for other businesses and recognized the company’s need for receivable financing.  The debtor was familiar with Paragon Financial and knew of Paragon’s proven track record factoring invoices for clients in the cable industry.  He contacted the owner of the company and recommended that he call Paragon as a possible factoring company.  It’s always nice to get a referral directly from one of the major players.  

Paragon was able to factor the company’s invoices so they could receive the payroll funding they needed while continuing to grow and strengthen their company.  Satisfied clients such as this one depend on financial aid from factoring companies to ease the burden of short-term liabilities when cash flow problems occur.  This is why dozens of companies across the Unites States reach out to Paragon Financial every single day to help with their business financing needs.

The President of the cable company believes in Paragon’s commitment.  “To me, Paragon is not only a factoring company, they are a business partner.  Paragon was the biggest reason for us to stay successful.”

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, contact:

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

# # #

Paragon Financial have 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.