Paragon Bank’s SME Lending division has provided an £800,000 finance package to Telford-based Stokey Plant Hire to modernise its fleet through the purchase of three new pieces of equipment. 

Paragon Bank’s SME Lending division has facilitated a £2.75m funding solution to support Shilling Group’s acquisition of Telford-based specialist logistics company Simmonds Transport.  

Adam Zadora has joined Paragon Bank’s SME Lending division as Business Development Director in the Broker team. 

Blackpool-based JOB Logistics has expanded its business and opened a new recycling centre, Blackpool and The Fylde Recycling Centre, thanks to long-term support from Paragon SME Lending. 

Paragon Bank’s SME Lending Division has supported Chesterfield-based plant company SH Plant Ltd to purchase two trucks through an asset finance funding solution of £400,000. 

Paragon Bank’s SME Lending Division has unveiled a new structure for its Sales function, bolstering both the Broker and Vendor teams, while retaining a clear focus on its specialist markets.

Over a third of SMEs have operated a machinery asset for longer than planned due to supply chain issues impacting the availability of new variants, Paragon Bank research has revealed.

Denbighshire-based grounds management experts 360 Ground Care has boosted its operations, thanks to new assets secured through Paragon Bank funding. 

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.

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

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