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.



Whether you’re making programmes or supplying people who make programmes, we’re all in the same boat, we’re all doing sums about profitability and productivity. But at the point you’ve made the decision and you want to go forward and get things done, you want to do it quickly. Paragon Bank Technology Finance do that. They’re in the industry, they understand the industry, and we trust them.

David Johnson
MD, Altered Images

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