Paragon Financial offers invoice factoring, invoice financing, invoice funding, purchase order financing, accounts receivable financing and factoring to growing businesses of every size.

1. Paragon Financial Closes $500k Receivables Financing Line for
California Fashion Accessories Wholesaler
FOR IMMEDIATE RELEASE
Fort Lauderdale, FL, 9/15/2011, Paragon Financial Group, Inc. is pleased to announce it has provided
an invoice factoring line of credit to a fashion accessories wholesaler. The company operates its
business out of Marina Del Ray, California.
The owner incorporated in 2008 and began selling fashion accessories to retailers. Before he came to
Paragon, he had already established a receivables financing line with another factoring company.
The problem with the current factor was that they would only extend low credit limits on the retail
stores he was selling to. He soon found Paragon Financial while researching the internet and
contacted their sales department directly.
Once Paragon had approved the necessary increased credit limits and the old factoring company
had been paid off, the client was able to get the additional funding they needed for growth.
Michael Rossi, President of Paragon notes, “We run into certain situations where the prospect has
exhausted their current line of credit or factoring facility. Many times their financial institution
either can’t or won’t increase their line. In this case, the client gets stuck. They have the ability to
grow, but not the financing necessary to accommodate that growth. It can put them in a difficult
situation.”
For over 18 years, Paragon has provided working capital solutions for apparel distribution
companies throughout the US, servicing a variety of small to larger businesses through our accounts
receivable factoring and purchase order financing programs. We offer advances up to 95% of the
invoice amount and rates as low as 1%.
For additional information, contact:
Paragon Financial Group
954.524.4840 phone
954.524.3533 fax
lanettet@paragonfinancial.net
www.paragonfinancial.net