Press releases

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.

Analysis by Paragon Bank has revealed increasing returns on buy-to-let investments serving students, with the strongest yields seen in the UK’s smaller university towns and cities.

Paragon Bank SME Lending Managing Director John Phillipou has been appointed Chair of the Finance & Leasing Association. 

Yorkshire-based housebuilder Newett Homes has secured a £5.45 million revolving loan facility from Paragon Bank to support its newbuild development in Emley, Huddersfield.

UK SMEs are planning to increase investment on the back of improved confidence and financial performance, new Paragon Bank research has found.

Paragon Bank has launched a 4.69% five-year fixed-rate buy-to-let mortgage, its lowest rate for over 12 months, as part of a wider reduction in five-year fixed-rate pricing.

The amount of money held in fixed-rate savings accounts has nearly doubled over the past year as savers responded to rising interest rates, Paragon Bank analysis has revealed. 

Lodge Park has secured a £9.6 million finance facility from Paragon Bank’s Development Finance division for its St Edmund’s Place development in Buckinghamshire.

Paragon Motor Finance has enhanced its offering with an extended 15-year loan term for motorhomes, increasing customer flexibility to provide financial solutions that align with their needs.

Kent-based Keaveney Plant Hire Ltd has added a state-of-the-art Suction Excavator to its fleet, thanks to financing from Paragon Bank.