Paragon Bank, also known as Paragon Bank SME Lending, is a UK specialist bank operating under parent company Paragon Banking Group, a FTSE 250 business based in Solihull with Companies House number 02336032. Whether businesses are investing in equipment, vehicles, machinery, or seeking funding for property development, Paragon Bank offers specialist financing solutions. The bank aims to help UK businesses innovate, adapt, and grow by providing expansion capital across a broad range of commercial sectors.
Business Finance Products Offered by Paragon Bank
Paragon Bank provides several commercial funding options tailored to business growth and asset acquisition:
- Business Loans: Term funding options designed to support business expansion and general working capital needs.
- Asset Finance: Funding designed to help firms acquire machinery, technology, and essential operating assets. Options include hire purchase, finance lease, operating lease, contract hire, and asset refinance or sale and leaseback. These solutions encompass both equipment finance and vehicle finance.
- Invoice Finance: Working capital funding that releases money tied up in outstanding customer invoices.
- Property and Structured Funding: Commercial mortgages, bridging loans, property development finance, and structured lending facilities.
Specialisms and Target Sectors
Paragon Bank focuses on tailored financial products across key industrial and commercial specialisms. Their dedicated sector coverage includes:
- Agricultural loans and working capital
- Aviation financing
- Construction and agricultural finance
- Manufacturing equipment funding
- Sustainability and green energy projects
- Transportation and fleet financing
- Medical sector asset finance, which may also make funding available for aesthetics businesses seeking medical equipment
Overview of Paragon Bank Business Finance
The table below provides a summary of Paragon Bank and the commercial funding products it provides directly to business applicants.
| Feature | Provider Details |
|---|---|
| Provider Name | Paragon Bank (Paragon Bank SME Lending) |
| Parent Group | Paragon Banking Group (FTSE 250, Solihull) |
| Companies House Number | 02336032 |
| Provider Type | Bank |
| Core Products | Business loans, asset finance, hire purchase, finance lease, invoice finance, operating lease, asset refinance, commercial mortgages, bridging, development finance |
| Access Method | Direct |
| Minimum Deal Size | Not published |
| Maximum Deal Size | Not published |
| Sole Traders Accepted | Not published |
Eligibility, Deal Sizes, and Access
When researching Paragon Bank, business owners should note that minimum deal size, maximum deal size, and eligibility criteria for sole traders are not published by the bank. Access to Paragon Bank funding is direct, allowing business owners to apply straight through the bank's official channels.
Because terms and structures vary based on sector requirements, trading background, and specific asset types, businesses often evaluate multiple funding options before deciding on a facility.
Compare Business Finance Options with SME Money
While Paragon Bank provides a comprehensive portfolio of SME lending options, comparing multiple providers helps ensure you secure commercial funding aligned with your specific business goals. SME Money connects UK businesses with specialist brokers who search over 70 lenders to find the right funding without the bias of a single bank.
By comparing options across a wide market panel, you can evaluate different facility structures, interest options, and terms. Whether you require asset finance, business loans, or invoice financing, expert guidance helps ensure your business finds suitable finance options.