As regional sales manager, Paul Reynolds will lead the further development of Paragon’s provision of specialist financial support for SMEs across the region. He will report to SME Lending regional director, Ashley Butterfield.

Reynolds joins Paragon from Close Brothers, where he was an area sales manager for the North East. Prior to Close Brothers, Reynolds was business manager for the Lloyd Motor Group.

Reynolds’s appointment coincides with renewed demand for asset finance by North East SMEs, with recently published Paragon research finding that a majority (53%) expect cash flow to improve over the next 12 months.

A total of 55% feel confident in their business’s outlook and 75% plan to maintain or increase investment in their operations.

Commenting on his appointment as regional sales manager, Reynolds said: “I am thrilled to join Paragon’s specialist lending team at this exciting time for North East and Yorkshire SMEs.

“With plans for investment, businesses are ready to acquire the assets that will take their operations forward – and I looking forward to working with SMEs from across the region to help them reach their full potential.”

Regional director, Ashley Butterfield, said: “I’m excited to welcome Paul to our team. With Paul’s significant asset finance experience, he will offer support to SMEs from across the region in finding the right, bespoke financing solutions for them.”

GRENKE increases new leasing business CM2 margin in Q2