Paragon Financial Grants $250k Accounts Receivable Factoring Line for Property Maintenance Company

Sept. 14, 2011 - PRLog -- Miami, FL, 9/14/2011, Paragon Financial Group, Inc. is pleased to announce the closing of a new accounts receivable factoring line for a start-up property maintenance company headquartered in Florida.  

Locally-owned, this start-up corporation specializes in property maintenance services for commercial real estate buildings as well as major retailers.  Services include parking lot sweeping, porter service, painting, janitorial, and pressure cleaning.  The company had a great opportunity to begin fulfilling a large contract with Wal-Mart.  The business started to struggle with payroll funding, which is not uncommon as large retailers can often take up to 60 days to pay.

Paragon’s longtime broker affiliate referred the prospect in hopes of finding a solution.  The maintenance company couldn’t afford for its working capital to be tied up any longer, and fortunately, it didn’t have to. As the factoring company, Paragon soon provided payroll funding through an accounts receivable factoring line.  
 
Michael Rossi, President of Paragon, mentions, “Paragon is glad to be part of this newly formed relationship with our client.  We understand that meeting payroll can be a more difficult process in times of growth.  With our accounts receivable factoring program, companies get the cash they need to take on bigger jobs.  When large retailers take longer to pay, factoring provides the funds as soon as the job is ready to be invoiced.”

Accounts receivable factoring is one of Paragon’s specialties.  We provide business financing solutions not only for maintenance companies, but a wide variety of businesses within multiple industries throughout the United States.  Small to larger businesses can benefit from our factoring services, including payroll funding, accounts receivable factoring, and purchase order financing.  


For additional information, contact:

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