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Paragon Bank has provided £160,000 in funding to The Log Company, a Richmond-based business that specialises in logs, wood fuel and outdoor living equipment. 

Farming SMEs are bouncing back from the pandemic nearly twice as fast as other industries, with 96% of business owners reporting that their turnover now either matches or exceeds pre-COVID levels.

New research from Paragon Bank revealed that six in ten SMEs are increasing their innovation budget compared to pre-COVID, with more than three quarters of business owners (77%) prioritising this.

New research from Paragon Bank  revealed that 54% of UK SMEs have already either met or exceeded pre-pandemic turnover levels, with more than nine in ten feeling positive about their recovery.

Paragon Bank has provided a £785,000 finance package to support the acquisition of Exeter-based logistics business, STR Logistics, following the retirement of owner. 

Paragon Bank has provided a £975,000 finance package to Midd Engineering, a Coventry-based specialist engineering business, to support the takeover by a new owner after it was sold last year.  

Paragon Bank’s construction finance team has strengthened its regional presence in the Midlands and South West with the appointment of business development manager Todd Auger.

The growth of online retail has driven a significant increase in the number of companies in the Transportation and Storage sector since 2013, Paragon Bank analysis has revealed. 

Paragon Bank research shows flexibility and quality of the relationship are the key drivers of satisfaction with an invoice finance provider for both SMEs and introducers.

Paragon continues to support UK SMEs, providing a facility of up to £700,000 to support working capital needs of Kent-based recruitment firm, Gaia Newton Associates Ltd.

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