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

 

PRZOOM - /newswire/ - Ft Lauderdale, FL, United States, 2011/11/21 - 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.

   
 
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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%.

 
 
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Agency / Source: Paragon Financial Group, Inc.

 
 

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

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Contact: Lanette Tucker - ParagonFinancial.net 
954-524-4840 paul[.]540interactive.com
 
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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