Jon Anselma of Paragon Financial Group Appears on PBS Nightly Business Report

Added: (Tue Feb 07 2012)

Pressbox (Press Release) - Ft. Lauderdale, FL, February 7, 2012: Jon Anselma, Managing Partner of Paragon Financial Group, appeared on the prestigious PBS Nightly Business Report to explain the role factoring companies play in providing much needed working capital for businesses. The episode, which aired on January 25, 2012, also highlighted how factoring has helped many companies survive through a turbulent 2011.

Offering expert industry insight, Anselma discussed how companies have suffered losses in the past few years due to a stagnant economy, resulting in little or no growth. Due to these losses, their balance sheets were weakened, making it difficult for these companies to seek or maintain traditional bank financing.

“Factoring companies are a good source of financing for companies which have experienced challenges since we are relying on not just their balance sheets but on the company’s accounts receivable as well,” said Anselma.

Factoring is the purchase of a company’s accounts receivable at a discount in exchange for immediate cash. With factoring, a company gets access to funds that would not be available during a normal billing cycle. This process provides a company the timely working capital they need to pay their business expenses and grow their company.

The complete interview can be watched at www.paragonfinancial.net/company/videos.


ABOUT PARAGON FINANCIAL GROUP

For over 17 years, Paragon Financial Group has provided working capital solutions for growing companies throughout the US. They serve small to large-size companies across a wide variety of industries through accounts receivable 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 www.paragonfinancial.net.