PARAGON FINANCIAL GROUP HELPS IT STAFFING COMPANY MEET PAYROLL NEEDS WITH $500,000 IN FINANCING

Chicago, IL- March 20, 2012: Paragon Financial Group (Paragon) today announced that it provided a $500,000 accounts receivable financing factoring line of credit to an Information Technology staffing business (Company). Working from Chicago, the small business works to match businesses across the country with the expert IT professionals they need. The facility will provide the cash flow the Company needs to meet payroll and grow.

Specializing in Computer Systems Design and Specialty Construction Support services, the Company had an opportunity to subcontract for Caci, a very large defense contractor for the federal government. Unfortunately, the sole proprietor didn’t have the deep pockets needed to meet payroll while waiting for invoices to be paid. And with few assets, traditional bank financing was not available.

An Internet search led the Company to Paragon Financial. Upon comparing factoring companies, they found better pricing with Paragon Financial, and appreciated Paragon’s deep knowledge of government contract financing. Paragon also helped them clear up some past tax issues to smooth the way for factoring.

“With our factoring line, the Company can now take advantage of the huge opportunity to contract with Caci, and still meet payroll in a timely manner. We’re pleased to use our government contract expertise to help this small business grow,” said Michael Rossi, President of Paragon Financial Group. “Additionally, the Owner now has peace of mind when pursuing new business, knowing he has Paragon Financial standing behind him as a resource.”

ABOUT PARAGON FINANCIAL GROUP
For over 18 years, Paragon Financial Group has provided working capital solutions for growing companies throughout the US. 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 invoice factoring, 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.

For additional information visit us at Paragonfinancial.net or contact:

HelpDesk@Paragonfinancial.net
Paragon Financial Group
800-897-5431 phone
954.524.3533 fax
www.paragonfinancial.net

This release was published on openPR.