Paragon Bank has appointed Yolande Eastwood as industrial automobile vendor finance supervisor, accountable for managing the South of England and Wales areas.
Yolanda’s appointment will see Paragon looking for new and used HGV and LCV dealerships, while sustaining relationships, the corporate mentioned.
The position combines supporting and creating funding choices, supporting sellers to promote extra items.
Eastwood will report back to Dale Trenam, head of transport at Paragon SME Lending. He mentioned: “I’m delighted to welcome Yolande into our transport group. Yolande specialises in enterprise growth and account development within the industrial automobile dealership world.
“Our vendor finance technique has been effectively obtained out there after its launch in January, with a number of new main vendor group agreements now in place from a standing begin.
“There’s an actual alternative for development over the following few years, with Yolande on the helm within the South of England and Wales.”
Yolande joins Paragon from Blue Motor Finance, the place she was a senior space gross sales supervisor, and previous to that she labored at DealTrak the place she was a enterprise growth supervisor.
Paragon mentioned it created the position earlier this yr to help industrial automobile dealerships throughout the nation, in addition to their suppliers.
The group focuses on offering a secondary funding choice for industrial automobile dealerships to enrich producer finance choices, it mentioned.
Earlier this yr, Jamie Thompson was appointed vendor finance supervisor for the North area.
Commenting on her appointment, Eastwood mentioned: “I’m completely thrilled to have joined Paragon Bank.
“The nice tradition and product providing will help industrial automobile sellers to ship a price proposition and repair to their buyer base.
“I look ahead to assembly many extra dealerships and sharing what we do right here at Paragon Bank.”
Final month (June), Paragon Bank’s Motor Finance division and Peter Vardy-backed Automotive Cash introduced that they had each seen their automobile retail lending soar through the first half of their monetary yr.