Press releases

Paragon SME Lending has bolstered its dealer finance proposition within its Transport and Logistics business with the creation of a dedicated team.

Paragon Bank has provided £300,000 funding to Mackie Pharmacy (JP Mackie & Co Ltd), in order to fund a robotic dispenser and six prescription dispensing machines. The integration of this new technolog

Paragon Bank has provided a £47,000 asset finance deal to Blackpool-based waste removal business Job Logistics Ltd in order to fund two new waste tipping vans. 

Paragon Bank has launched a brand-new asset finance portal that offers a simple, flexible and digitalised funding application process for brokers.

Paragon Bank has provided £160,000 in funding to The Log Company, a Richmond-based business that specialises in logs, wood fuel and outdoor living equipment. 

Farming SMEs are bouncing back from the pandemic nearly twice as fast as other industries, with 96% of business owners reporting that their turnover now either matches or exceeds pre-COVID levels.

New research from Paragon Bank revealed that six in ten SMEs are increasing their innovation budget compared to pre-COVID, with more than three quarters of business owners (77%) prioritising this.

New research from Paragon Bank  revealed that 54% of UK SMEs have already either met or exceeded pre-pandemic turnover levels, with more than nine in ten feeling positive about their recovery.

Paragon Bank has provided a £785,000 finance package to support the acquisition of Exeter-based logistics business, STR Logistics, following the retirement of owner. 

Paragon Bank has provided a £975,000 finance package to Midd Engineering, a Coventry-based specialist engineering business, to support the takeover by a new owner after it was sold last year.