Financial Institution

Paragon Bank

We’re Paragon Bank. When you bank with us, it’s like banking with a neighbor. You know us, and we know your business. You can trust us to make decisions quickly. Plus, your money stays in your community. And there’s no downside because you have access to the technologies and solutions you might only expect from big banks.

Our banking model is rare. We focus on friendliness, relationships, helping you grow your business, and making life better in the communities we serve.

Purpose Loans for Small Businesses

  • Buy a Business
  • Finance Receivables
  • Purchase a Building
  • Purchase Equipment/Machinery
  • Purchase Inventory
  • Start-up Funding

Size of Loan for Small Businesses

  • Minimum: $10,000
  • Maximum: $11,500,000

Type of Loans Offered

  • Letter of Credit
  • Small Business Administration (SBA)
  • The U.S. Department of Agriculture (USDA)

Bank Service Area (By County)

  • All North Carolina Counties

Bank Physical Location (By County)

  • New Hanover

Specifically Targeted Programs by Industry

  • 23 - Construction
  • 31 - Manufacturing
  • 52 - Finance and Insurance
  • 53 - Real Estate and Rental and Leasing
  • 54 - Professional, Scientific, Technical Services
  • 55 - Management of Companies and Enterprises
  • 56 - Administrative and Support
  • 61 - Educational Services
  • 62 - Health Care and Social Assistance
  • 71 - Arts, Entertainment, and Recreation
  • 72 - Accommodation and Food Services

Specifically Targeted Programs by Business Demographic

  • Minority-owned business
  • Rural (underutilized zone or tier 1 county)
  • Veteran-owned business
  • Woman-owned business

Point of Contact

Brent Boswell

Vice President - Commercial Lending