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Agency / Source: Paragon Financial Group, Inc.

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Paragon Financial Group Provides $750,000 Invoice Factoring Line for Cable Contractor - Paragon Financial Group, Inc. is pleased to announce the closing of a new factoring facility for a cable communications contractor in California - ParagonFinancial.net
Paragon Financial Group Provides $750,000 Invoice Factoring Line for Cable Contractor

 

PRZOOM - /newswire/ - Ft Lauderdale, FL, United States, 2011/07/01 - Paragon Financial Group, Inc. is pleased to announce the closing of a new factoring facility for a cable communications contractor in California - ParagonFinancial.net.

   
 
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This California based door-to-door cable sales company had recently increased business by taking on a new territory with Time Warner Cable. Growth in both sales and labor resulted in an impending cash flow shortage. The owner could no longer support the increased capital necessary to fund his growth. After some initial research on the internet, he promptly contacted us by phone to be his factoring company and learn more about our invoice factoring program. The biggest issue facing our prospect was the underlying payroll tax issues with the Internal Revenue Service. The company had accrued a very large amount of debt due to non-payment of 941 payroll taxes.

A member of our sales team carefully walked him through the first few steps and was able to facilitate the implementation of a payment plan with the IRS. Without sorting out the payroll tax problems, invoice financing or any other kind of business financing would have been next to impossible.

Paragon Financials’ Managing Partner, Jon Anselma, states,“Dealing with the IRS can be very difficult, however through our experience we were able to address the IRS issues and provide a factoring facility for this cable contractor.”

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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Agency / Source: Paragon Financial Group, Inc.

 
 

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Paragon Financial Group Provides $750,000 Invoice 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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