Big banks claim they have loosened available credit for small and medium businesses, but reality can be much different.
As a result, the short supply of traditional bank loans has created alternative and better ways of lending.
Big companies’ routine of making late payments to small businesses has a large impact on the overall economy. Because of this, small business working capital has been weak and has affected new hiring efforts, keeping unemployment high. Check out this video…
Paragon is pleased to announce our new headquarters. Still located in Ft. Lauderdale, FL, this larger space was needed to help support our growth. We look forward to expanding our company and to continue serving our valued clients.
Paragon Financial helps companies grow by turning their account receivables into immediate cash. We offer factoring solutions for a number of companies, from manufacturers and distribution companies to staffing and other service-based industries.
The earthquake in Japan could result in the one of the largest and most expensive catastrophes in history. 35 billion would be nearly the same as all of 2010′s global insurance claims combined. As a result, higher prices could be seen in the insurance market.
Small business bankruptcies have now gone down for the sixth quarter in a row. Fourth quarter 2010 declined 18% when compared to the previous year.
“While changing economic conditions continue to bring both market challenges and opportunities, the rate of small business bankruptcy appears to be waning and even showing signs of improvement,” Dr. Reza Barazesh, senior vice president, Commercial Information Solutions. “While a number of factors could impact this trend over the next year, recent developments suggest that the landscape for small businesses will be more stable in the future.”