Paragon Invoice Finance | Paragon Bank Business Finance PLC

Paragon invoice financeParagon Invoice Finance are part of Paragon Bank PLC, they are a specialist lender and savings bank offering a range of products and services in the UK. 

The bank have been voted Asset Finance Best Specialist Finance Solutions Provider at the SME News Magazine’s Legal Awards.

In November 2015 they purchased Five Arrows Business Finance which was then rebranded under the name Paragon.

This company provides traditional invoice finance products and more bespoke facilities such as confidential factoring or part ledger funding. Debt protection is also available.

Who are Paragon business finance?

Paragon Business Finance is a market leader in asset based finance and invoice finance priding itself on a flexible and personal service. They apply an innovative approach in designing cashflow solutions that can be implemented quickly and effectively.

Paragon business finance offers comprehensive funding packages across the SME spectrum from small businesses to multi-million turnover enterprises. Our resourcefulness enables us to deliver successful structuring of commercial finance solutions for mergers and acquisitions, MBOs and MBIs.

Who owns paragon bank?

Paragon bank is a PLC are part of the FTSE 250, so the shareholders own it. Founded in 1985, we have a long and successful history as a  specialist lender and savings bank offering a range of products and services in the UK.

Types of funding do Paragon business finance offer?

The following types of business finance is available from paragon business finance PLC:

Paragon Invoice Factoring

Invoice factoring from Paragon bank allows you to release funds from your unpaid invoices, typically within 24 hours. Unlike invoice discounting, with invoice factoring they will manage your payment collection process for you.

Some of the features and benefits of Paragon Bank’s invoice factoring.

  • Access up to 95% of your invoice values
  • Release funding quickly
  • Tailored contracts
  • Flexible solution
  • Experienced financial support
  • Managed credit control service
  • Credit card collections
  • Quick and efficient collection of payments
  • Suitable for new businesses
  • Debt protection solutions

Paragon Bank offers an invoice factoring service that they refer to simply as invoice finance, but it operates as a factoring solution. They will release up to 95% of your invoice value and will take over your payment collection function with their expert credit control team.

Their factoring solution is available to new businesses and is most suited to businesses with no or minimal credit control function.

Paragon Invoice Discounting

Invoice discounting from Paragon is a confidential facility that releases funds from your unpaid invoices. Instead of waiting to receive payment from your customers, funds could be in your account with 24 hours of an invoice being raised, helping to improve your company’s cashflow.

CHOCC from Paragon Bank

CHOCC (Customer Handles Own Credit Control) is similar to invoice factoring but you handle your own payment collection process. With CHOCC, you can receive up to 95% of the invoice value within 24 hours of an invoice being raised.

Reasons to choose Paragon Business Finance PLC

With over 30 years’ experience, specialising in cashflow solutions Paragon Business finance PLC work with businesses of all shapes and sizes.

Paragon pride themselves on a flexible service and treating all of our customers fairly. As a Paragon Business Finance customer, you’ll have easy access to decision makers who will support your business through its evolution.

  • Advances of up to 95% of the invoice value
  • Short notice contracts available
  • Flexible and simple fee structure, with no hidden fees
  • Access to fast and efficient legal recovery

What sectors do Paragon bank support?

Paragon are supportive of most sectors in industry below is a list of business types they offer finance to:

  • Manufacturing
  • Engineering
  • Print
  • Haulage
  • Courier
  • Plant hire
  • Recruitment
  • Services
  • Wholesale

Get a Invoice Finance Quotation from Paragon

Interest to know how Paragon Bank can support your business with an Invoice Finance facility. Invoice Funding are Invoice Factoring Brokers and can compare the market on your behalf. As we introduce work to this Invoice Finance Direct Lender we have been offered preferential rates which we pass on to our clients. Should you like to know more simply complete the online enquiry form.

Read more: Nucleus Commercial Finance

Business Finance specialist at Invoice funding | + posts

Seasoned professional with a strong passion for the world of business finance. With over twenty years of dedicated experience in the field, my journey into the world of business finance began with a relentless curiosity for understanding the intricate workings of financial systems.

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