10 Largest Factoring Companies in the US

9. Paragon Financial Solutions

Revenue: $27.60 M
Number of employees: 35
Minimum Rate Percentage: 1%
Maximum Account Receivable: $10,000

A great option for startups and businesses with tax issues is Paragon Financial Solutions (PGNN US: OTC). This factoring company founded in 2014 in Memphis, Tennessee is much smaller compared to other factoring companies on our list with only 2,200 businesses previous business clients yet they have funded more than $2 billion in financings. Paragon Financial Solutions is partnered with Paragon Bank where the company provides non-recourse factoring that allows businesses to get advance sales for their invoice between $30,000 up to $10 million. Non-recourse factoring means you don’t need to buy back the invoice even if a customer doesn’t pay Paragon Financial. Their factoring rates vary from 1% to 2% depending on the industry you’re in and are charged every 30 days.

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