This program helps credit unions and community banks grow deposits and fee services
Miami, FL (PRWEB) September 25, 2014
Paragon Financial Group announces a credit union and community bank factoring program that creates opportunities for banks helping the non or under bankable business client. Credit unions and community banks want the tools to say “Yes” to their valued small business borrowing prospects seeking a line of credit. In response, Paragon Financial has created a program to get bank business clients working capital through Invoice Factoring, Purchase Order Funding, AR Management and Credit Protection Programs.
"In the past, there has been small business AR Funding programs for community banks but the emphasis was on client acquisition. For those with long memories, the correct emphasis should have been on risk in all its flavors: fraud, proper verification, dilution and debtor credit risk just to name a few. At Paragon, we attribute 20 years of successful AR funding to prudent risk assessment and we take control (not leaving it to bank personnel) offering our expertise with a historical loss history of less than ½ of 1%," says Chris Curtin, National Sales Manager, Paragon Financial.
In addition, Paragon understands how difficult it is to keep or capture the depository relationship with current or potential clients in this low interest rate environment. This program helps banks to grow deposits and fee services to clients who you might lose or not capture because they do not meet lending requirements.
For a comprehensive list of benefits and more information on the program visit:
About Paragon Financial Group
For 20 years, US companies across all industries have been choosing Paragon Financial to meet their working capital needs. From government contractors to distribution companies, from staffing firms to manufacturers, business owners have successfully grown their companies with Paragon Financial’s invoice factoring, AR management, credit protection and purchase order financing programs. To get funded now, please call 888-271-9347 or visit http://www.paragonfinancial.net.