The specialist bank delivered a total of £1.9bn of new lending across all business lines in the nine months to 30th June 2019.
Paragon also saw its BTL pipeline increase from £711m to £733m over the quarter, with 89% of completions came from complex landlords, compared with 76% in 2018.
Meanwhile its retail savings deposits increased to £6.1bn at the quarter end.
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“We have delivered another strong quarter of lending growth,” said Richard Doe, managing director of commercial lending at Paragon (pictured above).
“While the economic backdrop continues to be uncertain, we also see a great deal of opportunity in specialist markets.
“We remain committed to ensuring that British SMEs get the funding they need to grow their businesses.”
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