Paragon Bank provides eight-figure funding to Advanced Inheritance
The agreement with Paragon’s structured lending division will support Advanced Inheritance’s growth plans.
Advanced Inheritance has secured an eight-figure funding package from Paragon Bank to support its probate lending growth.
The agreement with Paragon’s structured lending division will support Advanced Inheritance’s growth plans.
Jamie Pickering, managing director, structured lending at Paragon Bank, said: “Advanced Inheritance has a well-earned reputation for supporting customers through what is often a complex and challenging process at a difficult time in their lives.
“Operating in a specialist and increasingly important area of the market, the firm helps executors and beneficiaries access funds when they need them most.
“The experience of the management team is impressive, demonstrating a disciplined approach to lending and a clearly evidenced growth record.”
Pickering added: “This facility reflects Paragon’s commitment to backing ambitious businesses operating in specialist markets, and we look forward to supporting Advanced Inheritance as it continues to expand its offering and serve more customers across the UK.”
Dan Baines, chief executive of Advanced Inheritance, said: “This partnership is a significant moment not just for Advanced Inheritance, but for the wider sector.
“It reflects a growing understanding that beneficiaries, executors and legal professionals need better access to finance during estate administration, and an increasing confidence in the role probate lending can play.
“We’re delighted to be working with Paragon Bank.”
Baines added: “It’s been clear throughout the delivery of this partnership that we share a strong customer-focused culture and a desire to tangibly improve outcomes for people navigating the probate process.”
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