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How to switch your invoice finance provider to Paragon

Switching your invoice finance provider may seem like a daunting task. But it’s not! Switching to us is simple and we’ll be by your side every step of the way.

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4.7/5 customer satisfaction*

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Make an enquiry 01489 776 250
How to switch your invoice finance provider

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Company details

Additional information

Privacy : Details on your data protection rights and how your information will be used can be found here

How it works

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Once you’ve given your existing provider written notice, they’ll give you a transfer date and details of any early termination conditions.

Three to four days before your transfer date, you’ll need to send us your sales ledger. And we’ll get you set up with us.

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On transfer day, we’ll get the settlement figure from your existing provider and ask you to confirm you still want to go ahead.

We’ll then issue a statement and letters of introduction to all your customers. Providing them with your new bank details. If your facility is confidential, then we’ll ask you to issue a letter to your customers instead. Letting them know the details of the new Trust Account.

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Why choose us?

We’ve been helping businesses succeed for over 30 years. Providing a high level of service. Don’t just take our word for it…

4.7/5 customer satisfaction when switching to Paragon vs their previous invoice finance provider *

* Source: Invoice Finance Customer Experience Survey, Paragon Business Finance, December 2020

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Paragon are a proud Invoice Finance and Asset Based Lending member of UK Finance.

UK Finance is a voice for the banking and finance industry. The help to enhance competitiveness, support customers and facilitate innovation.

Switching invoice finance provider FAQs

What happens if my previous provider receives a payment after I’ve transferred to you?

Don’t worry, if your previous invoice finance provider receives a payment after you’ve transferred to us, they’ll forward it on. This agreement will be in place weekly for up to three months.

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