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Paragon Financial Group Provides $1M Accounts Receivable Factoring Line for Cable Contractor - Paragon Financial Group, Inc. today announced a new accounts receivable factoring line with a door-to-door cable sales and installation contractor headquartered in Goodlettsville, Tennessee, near Nashville - ParagonFinancial.net
Paragon Financial Group Provides $1M Accounts Receivable Factoring Line for Cable Contractor

 

PRZOOM - /newswire/ - Ft Lauderdale, FL, United States, 2011/11/16 - Paragon Financial Group, Inc. today announced a new accounts receivable factoring line with a door-to-door cable sales and installation contractor headquartered in Goodlettsville, Tennessee, near Nashville - ParagonFinancial.net.

   
 
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The contractor established the new business to market cable sales and installation services to residential customers. With over 13 years previous experience in the industry, getting sales wasn’t he problem. Handling the growth and capital needs with receivable out 45-60 days was the problem.

A fellow veteran in the cable industry and current Paragon client recommended the contractor call Paragon to discuss what financing options would best suit his needs. The accounts receivable factoring program Paragon offers is exactly the type of receivable financing the company was looking for. The contractor settled on terms of the agreement with Paragon and is now looking forward to expanding his company with cable sales and installation services.

Aside from door-to-door cable sales, the contractor has also developed a theft proof cable enclosure system that uses multi-dwell unit (MDU) enclosures and pedestals to prevent thieves from pilfering cable from major cable providers. In 2009, the system was put to the test by Comcast in the Nashville area. The results led to an end of cable theft in that targeted area. Since then, the system has produced a 20 percent increase in customer base, which proves its performance is lucrative. The device will be used by Cox Communications and Comcast markets in Tennessee, Arkansas, and Virginia.

Financing cable subcontractors is one of Paragon’s specialties. We provide business financing solutions for subcontractors or contractors dealing with the major providers such as Comcast, Cox Cable, AT&T, Time Warner, Mediacom, and more. Paragon (paragonfinancial.net) works with a wide variety of companies within the cable industry, including cable installation, door-to-door cable sales, drop bury, disconnects, and boring contractors. We also provide working capital solutions to a variety of small to larger businesses in multiple other industries through our accounts receivable factoring and purchase order financing programs.

 
 
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Paragon Financial Group Provides $1M Accounts Receivable Factoring Line for Cable Contractor

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Contact: Lanette Tucker - ParagonFinancial.net 
954-524-4840 lanettet[.]paragonfinancial.net
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Paragon Financial Group, Inc. securities in any jurisdiction including any other companies listed or named in this release.

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