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, 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 Menard.

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.

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.

Paragon Financial Group
200 SE 9th Street

Ft Lauderdale, FL 33316

Phone: 800.897.5431

Fax: 954.524.3533

Media Contact: Lisa Rubano
(724) 979-4293

This release was published on openPR.