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Hurstbourne Forge acquires a new press brake thanks to Paragon funding

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  • Location: Andover, Hampshire
  • Asset: Press Brake
  • Paragon Deal team: Wayne Hall, Business Development Manager

Paragon’s SME Lending division has provided Hampshire-based manufacturer with financing to secure a new press brake.

Hurstbourne Forge is a family-run business founded by Jack and Lydia Swanborough based in Andover.

The business manufactures high-quality metal homewares, gifts and bespoke commissions and are a one-stop shop for metal fabrication and work for industrial and manufacturing firms. Their services and projects are large-scale, precise, and includes the capacity for same-day service.

Hurstbourne Forge secured a five-figure financial package from Paragon to acquire a new press brake which will enable the company to increase its volume of work. The business can undertake and expand the range of services to clients, which includes precision CAD and laser cutting.

Wayne Hall, Business Development Manager in Paragon’s Manufacturing team, led the deal. Follow the link to connect with Wayne on LinkedIn.

“If it’s metal, we can make it - and thanks to the financing support from Paragon we are delighted to be able to undertake more work for our clients and expand the range of services we provide.

“As metal fabrication specialists fulfilling high-precision commissions, we understand the need to work closely with clients to under their requirements. The team at Paragon take the same approach and provided a bespoke funding package that will help us to grow and achieve our objectives.”

Jack Swanborough, Hurstbourne Forge

“It has been fantastic to work closely with Jack and learn about the Hurstbourne Forge team to gain a first-hand understanding of their business, enabling us to develop a bespoke funding package designed to fit their plans. Manufacturing SMEs, such as Hurstbourne Forge, are essential to our economy and Paragon is proud to work with them to help achieve their goals.

“Through seeing their operations in person, the vital role they play in the local and wider economy is clear – and by supporting Hurstbourne Forge, Paragon is helping to support sectors that are key to economic growth.” 

Wayne Hall, Paragon Bank Business Development Manager

Find out more about how we can support your business on our SME Lending page. To see more of what the SME team get up to, make sure you’re following their LinkedIn page here.

Paragon Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England number 05390593. Registered office 51 Homer Road, Solihull, West Midlands B91 3QJ. Paragon Bank PLC is registered on the Financial Services Register under the firm reference number 604551