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Paragon supports Leeds-based concrete supplier, Ready Mix Ltd with £50,000 Bounce Back Loan

Paragon Bank continues to support UK SMEs during coronavirus, providing a £50,000 Bounce Back Loan (BBLS) to Leeds-based concrete supplier, Ready Mix Ltd.

Ready Mix approached Paragon for support when the business saw a sharp decrease in demand for concrete due to the coronavirus pandemic. The funding from Paragon increased cashflow, which enabled Ready Mix to continue trading.

Prior to this most recent funding, Paragon originally supported Ready Mix’s associated businesses with capital expenditure for equipment, such as a new batching plant and loading shovels.

James Greenwood, Managing Director at Ready Mix, said: “Applying for the Bounce Back Loan was a very quick and easy process. This funding option has provided Ready Mix and other SMEs with invaluable support during these uncertain times.

“The team at Paragon are supportive and knowledgeable and we are able to access one point of contact easily for everything we need.”

Russ Nicholls, Business Development Manager at Paragon, said: “We are very pleased that our relationship with Ready Mix has meant that we can support the business through these difficult times and support with cash flow.”

Ready Mix supplies ready mix concrete for associated businesses and also serves building companies in the local area.

For further information contact:

Amy Lange
Media Relations Manager
Paragon Bank
Tel: 0121 712 2526

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