Paragon Financial Group Provides Texas All-Natural Organic Candy Company with a $425,000 Factoring Line of Credit
Invoice factoring allows Dallas Texas company to finance business growth
Dallas, TX (PRWEB) November 02, 2012
Paragon Financial Group announced that they have provided a $425,000 invoice 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, all natural, organic candy business. The company prides itself on their USDA Certified Organic candy products, containing nothing artificial and amazing taste. Prior to this large contract, the company had done smaller private labeling to high end food distributors such as Whole Foods.
The company approached Paragon seven months ago, when they were involved in smaller, private labeling. “We set up a relationship at that point”, said Michael Rossi, President of Paragon Financial Group. “When they recently received a very large contract from a single distributor, because of our on-going relationship we were able within days to help them obtain the line of credit they needed to be able to quickly fulfill the deal. It's this sort of commitment to on-going sales relationships that allow us to stay in contact with our prospects and provide them the services they need when the time arrives”
When they turned to Paragon their main issue was the need for a much larger amount of financing than in the past in order to fulfill an individual contract. Traditional bank financing would have been a problem because this was spontaneous growth from a sole client.
When the big deal came in, because of the company's 7-month prior relationship with Paragon, Paragon was able to quickly get them the financing they needed in order to fulfill. With Paragon's factoring line of credit, the company now is able to take on orders for their new distributor and provide their organic candy to the masses.
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 http://www.paragonfinancial.net.
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