Paragon Financial Closes $750k Receivable Financing Facility for Oregon Distribution Company

Fort Lauderdale, FL, 11/21/2011, Paragon Financial Group, Inc. is pleased to announce its latest success story – a receivables financing line of credit to a distributor of aromatherapy heat products. The company’s headquarters are based out of Clackamas, Oregon, near Portland.

The company was formed in 1996 with one simple goal in mind – to create the highest quality aromatherapy hot and cold wraps at the most affordable price. After years of marketing heat therapy products, the business owner was presented with an opportunity to create a new concept in heat packs and aromatherapy; thus a new business was born.

Like other great businesses, the company started small and quickly grew, shipping to all 50 states and to every U.S. Military Base. Sales continued to drive even further during the holiday season, including an extremely large order that the company was not prepared to handle financially. The owner sought bank financing as a way to accommodate his needs for increased production. However, the bank would not extend the short-term credit needed for this order, so he contacted Paragon’s business associate to factor his invoices. The associate then referred him to Paragon who specializes in receivables financing, purchase order financing, and other working capital solution programs.

CEO of the distribution company, states, “Paragon Financial has been a great partner in my recent small business expansion. In addition to providing the funding I needed, they caused me to look at many different financial aspects of running a small business. I would definitely work with them in the future and recommend them to other businesses.”

For over 17 years, Paragon has provided working capital solutions for manufacturers and distribution companies throughout the US, servicing a variety of small to larger businesses through our invoice factoring, accounts receivable factoring, and purchase order financing programs. We offer advances up to 90% of the invoice amount and rates as low as 1%.

***Organization Description***

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.

For additional information, contact:

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

This release was published on openPR.