Paragon Bank is supporting three Leicestershire-based sisters to follow in their father’s footsteps by providing funding so they can establish their own plant hire business, FinniGroup Ltd.
Paragon has a long-standing relationship with Paul Finnegan, owner of Leicester-based plant hire firm, Joinpoint Ltd.
After years of supporting Finnegan to finance dump trucks, Paragon has agreed to fund daughters, Hollie, Jade and Ruby to establish their businesses.
After two sisters, Hollie and Ruby, went into business to set up a plant hire businesses, they decided to form FinniGroup Ltd with Jade.
Paragon enabled the initial investment and payment on the equipment for FinniGroup, providing a funding package of over £250,000 for two Bell 30E Dump Trucks, to begin building a fleet.
Hollie Finnegan, a joint owner at FinniGroup, said: “After seeing the success of our father’s business, we wanted to invest in some plant equipment ourselves and learn more about the family business.
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“Paragon has been a key factor in us starting up our new joint business. Without this, we wouldn’t have been able to start FinniGroup and we hope to use Paragon’s support more as our business grows.
“We knew that using Paragon was a great option for us and the best support we needed, at a rate we are comfortable with. Paragon provides a friendly and reliable service, and we know that the team is only a phone call away.
“Even though plant hire and construction has traditionally been male-dominated, growing numbers of women are getting involved. Everyone we’ve met along the way, from customers to suppliers, have all been lovely and encouraging.”
Terry Lloyd, head of construction at Paragon, said: “I have worked with Paul and Joinpoint for many years, so it is great to now be supporting the next generation of his family.
“We understand not only the needs of FinniGroup but also the machinery that Hollie, Jade and Ruby are investing in, which makes a real difference to a customer.”