Press releases

Paragon Bank’s SME Lending division has provided a £125,000 funding package to support Essex-based ACTiVE Plant Hire’s purchase of two electric excavators. 

Paragon Bank’s SME Lending division has provided an £800,000 finance package to Telford-based Stokey Plant Hire to modernise its fleet through the purchase of three new pieces of equipment. 

Paragon Bank’s SME Lending division has facilitated a £2.75m funding solution to support Shilling Group’s acquisition of Telford-based specialist logistics company Simmonds Transport.  

Adam Zadora has joined Paragon Bank’s SME Lending division as Business Development Director in the Broker team. 

Blackpool-based JOB Logistics has expanded its business and opened a new recycling centre, Blackpool and The Fylde Recycling Centre, thanks to long-term support from Paragon SME Lending. 

Paragon Bank’s SME Lending Division has supported Chesterfield-based plant company SH Plant Ltd to purchase two trucks through an asset finance funding solution of £400,000. 

Paragon Bank’s SME Lending Division has unveiled a new structure for its Sales function, bolstering both the Broker and Vendor teams, while retaining a clear focus on its specialist markets.

Over a third of SMEs have operated a machinery asset for longer than planned due to supply chain issues impacting the availability of new variants, Paragon Bank research has revealed.

Denbighshire-based grounds management experts 360 Ground Care has boosted its operations, thanks to new assets secured through Paragon Bank funding. 

Newcastle-based precision engineering specialist EDM Zone has added a high-class Mitsubishi Electric EDM machine to its operations, thanks to financing from Paragon Bank.