Press releases

A quarter of small-to-medium sized companies (SMEs) are shelving recruitment plans as they cope with rising costs impacting their business, Paragon Bank research has revealed.

Paragon SME Lending has bolstered its sales team with four new Business Development Managers and two internal promotions to Business Development Executives. 

Paragon Bank’s SME Lending team has taken a big step forward towards a greener future, relocating its Southampton operation to a more modern, climate-friendly office. 

Over three quarters of medium-sized businesses are absorbing cost increases as they are unable to raise prices for customers, Paragon Bank research has found. 

Surrey-based coach company Wattsway Travel has added its first electric coach to its fleet after securing a six-figure funding package from Paragon Bank.

Paragon Bank has provided a £2 million finance package to Shropshire-based Textek to support the development of the UK’s leading mattress recycling plant.

Paragon SME Lending has bolstered its dealer finance proposition within its Transport and Logistics business with the creation of a dedicated team.

Paragon Bank has provided £300,000 funding to Mackie Pharmacy (JP Mackie & Co Ltd), in order to fund a robotic dispenser and six prescription dispensing machines. The integration of this new technolog

Paragon Bank has provided a £47,000 asset finance deal to Blackpool-based waste removal business Job Logistics Ltd in order to fund two new waste tipping vans. 

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