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Sale and HP back

You sometimes need to make an investment in your business which is not suitable for asset finance and which would not be suitable to be funded using an overdraft facility.  If you have unencumbered, tangible equipment, you can enter into a sale and hire purchase back facility with Paragon Bank Technology Finance. You simply sell the equipment to Paragon Bank Technology Finance, we agree a value, you sign some simple documentation and we will give you a cheque for the agreed advance.  We can even refinance equipment which you purchased within the last 90 days and normally finance your purchase price. 

Key benefits:

  • You own the equipment at the end of the Agreement
  • You still have tax title to the equipment for accounting purposes
  • No initial payment or deposit
  • Simple documentation
  • No additional security required
  • No legal fees.


 

Testimonials

We have known the Paragon Bank Technology Finance team for many years and trust them implicitly, nothing is too much trouble for them whether it be a small item of kit or a complete studio, they know and understand the industry inside out and are only too happy help. As a result they are our go to guys for any sort of finance required.

Martin Joannou
Director, 3D Broadcast Ltd

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We have great experience across many sectors in the media & technology industries.

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