Paragon Bank provide funding to Hurstbourne Forge for machinery

A company in Andover that specialises in metal fabrication has increased its operations after getting five-figure funding to buy new machinery.

Thanks to asset finance from Paragon Banking, Hurstbourne Forge has purchased a brand new Morgan Rushworth press brake.

With the new machinery, the business will be able to take on more work and broaden the range of services it can offer customers, including precise CAD and laser cutting.

In addition to offering a one-stop shop for metal fabrication and work for industrial and manufacturing enterprises, the family-run company - set up by Jack and Lydia Swanborough - now has the capacity to handle large-scale and precise projects and even offer a same-day service.

Jack Swanborough said this about Paragon’s funding support for Hurstbourne Forge: “If it’s metal, we can make it - and thanks to the financing support from Paragon we are delighted to be able to undertake more work for our clients and expand the range of services we provide.”

“As metal fabrication specialists fulfilling high-precision commissions, we understand the need to work closely with clients to under their requirements. The team at Paragon take the same approach and provided a bespoke funding package that will help us to grow and achieve our objectives.”

Paragon’s Business Development Manager for manufacturing added: “It has been fantastic to work closely with Jack and learn about the Hurstbourne Forge team to gain a first-hand understanding of their business, enabling us to develop a bespoke funding package designed to fit their plans."

“Manufacturing SMEs, such as Hurstbourne Forge, are essential to our economy and Paragon is proud to work with them to help achieve their goals. Through seeing their operations in person, the vital role they play in the local and wider economy is clear – and by supporting Hurstbourne Forge, Paragon is helping to support sectors that are key to economic growth.”

Main picture courtesy of Hurstborne Forge/Paragon Banking

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