Invoice Factoring


Invoice Factoring


THE FACTORING PROCESS

STEP 1 – INVOICES INTO CASH

You have Open B2B or B2G Invoices and need cash now.

STEP 2 – VERIFICATION

Paragon verifies your customers are creditworthy and love your product and services.

STEP 3 – SAME DAY CASH

The same day we wire you 80-90% of all your open Invoices.

STEP 4 – BALANCE RECEIVED

In 30-60 days, your customer pays the lock box and you get the balance less ShurrFinancial’s minimal fees.

STEP 5 – REPEAT

Repeat when you have new invoices for continued, unlimited working capital!

HOW FACTORING WORKS

Money fuels business. When cash flow stalls, it compromises your ability to run your company. How many times have you put aside bills, lost sleep over payroll, or couldn’t pay suppliers when they asked for payment? There is a time during each month, for all growing businesses, when outstanding receivables are keeping you grounded. If only you could get paid today for the work you completed, your business would take off. This is why you need the ShurrFinancial Factor.

ShurrFinancial serves as your cash flow engine. The process is called “factoring”, and in the simplest terms, it means ShurrFinancial advances you up to 90% of the invoice amount immediately and gives the remaining balance when your clients settle in full. Invoices can be submitted for factoring directly upon completion of work or product delivery. Revenue flows directly and instantly to you. No delays. No collection hassles. We can often assume all credit risk and responsibility for client payment. In return, ShurrFinancial receives a small fee at the end of the process. Set-up time can be as little as 2 or 3 business days. ShurrFinancial allows you the flexibility to factor only when you need it, and as often as you like. We base our approval decisions on your customers’ ability to pay, and not the credit of your growing business. Ask us about invoice factoring and purchase order financing along with our included credit protection.