We only use cookies for website functionality and security.

Paragon launches brand new asset finance broker portal

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

The new portal, which is initially targeted at intermediaries, lets brokers generate quotes and submit applications on-the-go, across multiple devices, and is accessible 24/7.

It was designed following extensive research amongst brokers to identify what functionalities were the most important to them, with speed of application and decision, timely updates, real time tracking and document generation coming out on top.

The new dynamic application process includes three quick and easy steps, with increased accuracy and speed thanks to an autofill function.

To apply for a funding on behalf of their clients, brokers will need to complete a simple process and input customer details, asset details and supporting information.

To complete the third step, brokers are also able to drag and drop supporting documents, then submit their application directly to the Paragon underwriting team, while keeping track of the journey with real time updates received over email.

Brokers can also use the system to generate finance documents and enjoy greater flexibility and convenience with E-signature.

John Phillipou, managing director of SME Lending, said:

“This new portal has been created with speed, simplicity and accuracy in mind, following extensive market research into what brokers want and need from this type of system.

“It will make the experience of applying for an asset finance loan with Paragon a lot more fluid and straightforward, with a really simple three step application process and an option to check updates on-the-go.

The portal is designed to enhance our offering - our business development team will still be on hand to provide a personal touch and to maintain the excellent service we pride ourselves on.

“This is part of a multi-million pound investment into new IT infrastructure that is being delivered over the next three years, in order to take the business to the next level and deliver step change in capabilities and capacity.”

Brokers can find out more information about applying for asset funding through the Paragon asset finance broker portal here: https://www.paragonbank.co.uk/asset-finance/broker-portal

For further information about this release, contact:

Leila Taleb -  Media Relations Manager

[email protected] 

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