Paragon works with Hitachi Construction Machinery to offer support to UK businesses

Specialist SME lender Paragon is working with excavator supplier Hitachi Construction Machinery (UK) Ltd (HCM UK) to provide support for UK businesses.

The companies are working in conjunction to offer a low finance start-up scheme to assist SMEs with the purchase of Hitachi’s mini excavators. The scheme requires no payments for the first 90 days (3 months) of the agreement, after which normal payments will resume.

John Phillipou, Managing Director of SME Lending at Paragon, said: “It is great to be able to work with such a reputable supplier of construction machinery in order to continue supporting UK SMEs.

“During these uncertain times, it is key that we support businesses in any way we can and this scheme is a great way to allow customers to begin making purchases with the peace of mind of having very low initial payments.”

Mark Turnham, National Sales & Marketing Director at Hitachi, said: “HCM UK are pleased to able to extend this finance offer to our valued customers to help them through this difficult time.”

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