Paragon reaches £90m Growth Guarantee Scheme milestone - mortgagesolutions.co.uk
Key takeaway
Paragon Bank has deployed over £90m in SME loans via the British Business Bank's Growth Guarantee Scheme.
- Step 1 · The triggerthe British Business Bank provides a government-backed guarantee to Paragon Bank for SME lending
- Step 2 · Knock-onParagon Bank reduces its credit risk and regulatory capital requirement, enabling it to approve more SME loans
- Step 3 · Reaches youover £90m in new loans are deployed to more than 300 small businesses across key sectors, easing their financing constraints and supporting investment
The trigger is reported by the source below. The steps that follow are Branch²’s traced reasoning — how the shock could reach a business like yours, not a prediction.
Source: Google News UK Business
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