Home/Invoice Financing Companies/Paragon Lending Solutions Pty LTD.

Contact

201 Two Oceans House, Surrey Place
Mouille Point, Cape Town, AL 8005

P: 27828182085
F: 27214436099
W: www.paragonlending.co.za

Management

  • Gary Palmer: Chief Executive Officer

Summary

Paragon Lending Solutions is a private lending company that specializes in short-term, secured asset-backed finance. The company serves South African clients, who do not meet commercial bank credit criteria. Paragon services are designed to meet the requirements of clients who are asset-rich but in need of short-term cash. Specific services include:

  • Bridge finance
  • Selective debtor discounting
  • Asset-backed funding

The following terms apply to asset-based lending transactions:

  • Borrowers must be juristic persons in terms of the National Credit Act.
  • Maximum transaction value is 60 percent of the value of eligible assets.
  • Property valuations are completed at client expense.
  • Minimum advance is R1.5 million ($157,000 at R9.56 to USD1; no maximum).

Paragon does not lend against vacant land. However, residential, office, industrial and retail properties are eligible assets.

Size of Loans

  • Up to $250,000
  • $250,000 - $1,000,000
  • $1,000,000 - $5,000,000
  • $5,000,000 - $15,000,000

Available Financing

  • ABL
  • Bridge Loans