openPR Logo
Press release

Paragon Financial Helps Miami Food Wholesaler with 500k Invoice Factoring Line of Credit

Miami, FL – February 6, 2013: Paragon Financial Group announced that they have provided a $500,000 factoring line of credit to a food wholesaler headquartered in Miami, Florida. This funding will enable the company to expand their facility to allow for rapid growth in the upcoming years.

The company has been in business since 2006, but recently expanded into a 35,000 square foot facility. They distribute salami and other meat products to grocery stores and supermarket chains from Orlando to Key West. As their customer base continues to grow, they needed invoice financing to help them with their move into their larger facility, and to continue growing to meet the increased need of their customers. As a privately owned business with very few assets other than their outstanding account receivables, they were unable to obtain a business loan from a traditional bank. This is when the company turned to Paragon for invoice advances.

“Although we have clients through out the country, we are always thrilled to do business with a locally owned company here in South Florida”, said Michael Rossi, President of Paragon Financial Group“. “This company has had success in the past few years growing their customer base, and we are happy to be able to help them with their recent expansion and future growth.”

As a food wholesaler, the company constantly has to purchase new product and in turn sell to customers which can take 45-60 days or more to pay. Paragon investigated the credit worthiness of the company’s customers and was comfortable providing the $500,000 factoring line of credit. Without invoice financing, this business would have had difficulty supporting growth into their new facility. Thanks to the quick turnaround with Paragon, the company will now be able to grow to the next level.

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

Paragon Financial Group, Inc
200 SE 9th St.
Ft Lauderdale, FL 33316
Contact Information:
Phone: 800-897-5431
Fax 954-524-3533

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Paragon Financial Helps Miami Food Wholesaler with 500k Invoice Factoring Line of Credit here

News-ID: 251789 • Views: 1006

More Releases from Paragon Financial Group, Inc

Paragon Financial Group Provides Texas All-Natural Organic Candy Company with a …
Miami, Florida November 2nd, 2012 - Paragon Financial Group announced that they have provided a $425,000 factoring line of credit to an organic candy company with headquarters in Dallas, Texas. The facility will enable the company to take on a new private labeling contract from a large food distributor. The company was started five years ago by a local attorney who had always had a dream of starting a high quality,
FACTORING OUTLOOK FROM THE FRONT LINES Mid-year analysis from Paragon Financial …
Fort Lauderdale, FL– July 6, 2012: As the financial sector begins to pick itself up and dust off the fallout of the past few years, factoring companies are seeing an uptick – albeit a cautious one – in activity. Paragon Financial Group, a factoring company providing working capital solutions, reports they’re providing invoice factoring and other trade financing for more and more companies to fund growth and take advantage
Paragon Financial Group Awards Purchase Order Financing Line and $500,000 Accoun …
Miami, FL, 7/5/2011, Paragon Financial Group, Inc. is delighted to announce a recent success story of a new PO Financing and Factoring facility for a Florida Department of Health supplier. The company initially began as a real estate investment company in Jacksonville, Florida, but has seen its fair share of ups and downs over the last several years with the collapse of the real estate market. To offset those ongoing
Paragon Financial Group Provides a $300,000 Factoring Facility in the Cable Sale …
Fort Lauderdale, FL, 6/28/2011, Paragon Financial Group, Inc. is pleased to announce an invoice factoring facility for a startup door-to-door cable sales company headquartered in Milwaukee, Wisconsin. This startup company provides door-to-door marketing for cable sales to residential customers through Comcast. The sales team for the company originally consisted of ten sales representatives who served the Chicago market, with plans to open at least two more offices

All 5 Releases

More Releases for Group

Global LF Refined Steel market 2017 - HBIS Group, NSSMC Group, POSCO, Shagang Gr …
Apex Market Reports, recently published a detailed market research study focused on the "LF Refined Steel Market" across the global, regional and country level. The report provides 360° analysis of "LF Refined Steel Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global LF Refined Steel industry, and estimates the future trend of
Crowson Law Group
It is commonly said that there is no such thing as minor surgery. Whether it’s getting an appendix removed or having a hip replacement, all surgical procedures are serious; more so if an error occurs during such a surgery. However, is any surgical error considered to be medical malpractice? This article will determine when a surgical error can be said to have reached the level of medical malpractice. It must
Skye Dental Group
The Skye Dental Group has some of Glasgow’s most established, hygienic and professional practices under its umbrella. This includes The Glasgow Dentist, based in the Rutherglen area of Glasgow. The practice offers a range of private dental treatments such as teeth straightening systems, Damon Braces, Invisalign and Six Month Smiles, as well as dental implants for missing teeth and general dentistry and hygienist services. Damon Braces Damon Braces are a fixed brace teeth
Sharp World Group
Pour développer la fabrication il faut perfectionner son fonctionnement et intégrer de nouvelles méthodes modernes. A mesure que de nouvelles technologies apparaissent les entreprises сherchent à modifier l’équipement pour améliorer la qualité du produit. De tels changements influencent la fidélisation des clients ce qui assure les bénéfices et le profit de l’entreprise. Sharp World Group est une des sociétés leaders de production des systèmes de refroidissement et de congélation. Avec son
Dr. Batra's Group Profile
Dr. Batra's – the name that represents excellence and commitment to the health services sector – the pioneering force that aims at building values for patients, employees, partners and for the society, at large. The fundamental business strategy of Dr. Batra’s is to innovate, to excel at whatever is created and to build a brand that constantly strives for something still better! Transparency in business and abiding by their fundamental principles
DeltaQuest Group Launches
My Second predominantly aims to assist and support individuals and their families with attaining citizenship abroad and obtaining work visas where required. The site extends to provide individuals with country specific citizenship laws and immigration options including economic citizenship programs. The main services offered by DeltaQuest Group via website portal include; country specific citizenship laws, permanent and temporary residency and work visas, information on required documentation