Robin East (L), group director of CMYUK, announced the deal at this year’s Sign & Digital event
Paragon Bank Business Finance has teamed up with print equipment supplier CMYUK to launch a consumable-supported asset finance product.
The product allows customers to spread the cost on printing equipment. Customers can also reach an agreement with CMYUK for the supply of printing equipment, such as inks. Once underwritten and funded by Paragon Bank Business Finance, the agreement could see some finance repayments met by CMYUK, if sufficient consumables are purchased.
The target market for the new scheme is small and medium sized enterprises (SMEs) working in a range of sectors including hoardings around building projects and point of sale materials such as in-store advertising posters.
‘We have been working closely with CMYUK for four years now and have successfully rolled this product out into several key markets,’ said Paul Eversfield, senior business development manager at Paragon Bank Business Finance. ‘The sign and point of sale sector has grown significantly recently and it is great to be launching into this new market, supporting the many innovative small and medium sized enterprises within the sector.’
Partnering with Paragon Bank Business Finance to bring this exclusive product to market is an exciting moment,’ commented Robin East, group director, CMYUK. ‘We hope the product will assist small and medium sized enterprises looking to expand.’
