Paragon Bank Technology Finance's loan structures enable suppliers to offer a simple payment structure in conjunction with their own supply agreements or managed services contracts. Terms can be bespoke to meet customers’ requirements. The loan is a one page agreement, accepted by some of the UK’s largest corporations and public sector bodies, and often used in support of a supplier-subsidised customer solution with interest-free payment installments.
For example, the UK subsidiary of one of the world’s largest IT companies wished to acquire equipment costing £2m but pay for it over 2 years. The supplier wished to offer an interest-free loan solution and agreed to subsidise the interest by way of an undisclosed discount. PBTF’s solution achieved the objectives of both supplier and customer.
Speed was one of the main things about them, they deal with broadcast and film equipment a lot so they’re familiar with the industry too, which helps. Unlike other kit, the Talos is both expensive and portable and designed to go on location around the world, and it can be hard to find finance companies that are happy to take the risk on that as there is more to go wrong. But Paragon Bank Technology Finance was happy.
MD, Mark Roberts Motion Control
We have great experience across many sectors in the media & technology industries.
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