Paragon Bank Business Finance Review
Paragon Bank is a specialist lender within the Paragon Banking Group, listed on the London Stock Exchange and operating since 1985. They offer invoice factoring and invoice discounting for UK businesses with turnover from £250,000, with a focus on delivering tailored facilities through experienced relationship managers.
Key Facts
Pros and Cons
Strengths
- Nearly 40 years of specialist lending experience
- LSE-listed parent group with strong capitalisation
- Experienced relationship managers
- Flexible facility structures for growing businesses
Limitations
- £250k minimum turnover excludes smaller businesses
- Less well-known brand than high street banks
- Limited digital tools compared to fintech providers
Our Verdict
Paragon Bank is a dependable specialist lender with decades of experience in business finance. They are best suited to established SMEs who value personal service and the security of a publicly listed group. Businesses below £250k turnover will need to look at providers like Close Brothers or IGF, and those wanting a fully digital experience may prefer a fintech alternative.
Oliver Mackman
Director, Market Invoice
Oliver leads Market Invoice's editorial and comparison research. With a background in UK commercial finance, he oversees provider analysis, rate verification, and industry reporting across all verticals.
Last reviewed: 7 April 2026