Praetura secures £100m lending facility

After renewing the facility in the summer of 2021, the wider Praetura Group can now increase its funding capacity to small and medium-sized businesses across the UK.

Based in the North-West, Praetura Group’s lending division, which includes Praetura Asset Finance, Kingsway Finance, Praetura Commercial Finance and Praetura Invoice Finance, supports clients across a wide array of industry sectors with a range of SME funding solutions ranging from £5,000 to £15m.

Peadar O’Reilly, managing director of the Praetura lending division, said: “This is another milestone in the development of PAF Group and Praetura’s lending division, and an integral step in helping the Group drive the ambitious growth plans we have in place for 2022 and beyond. SMEs are increasingly turning to lenders who are able to offer greater empathy and flexibility to their funding decisions, something Praetura has offered since its inception.”

Katie Fazackerley, director at NatWest Speciality Finance, said: “As the leading bank for UK business, NatWest is delighted to have supported the Praetura Asset Finance Group with this increase to its facility. Through its support of UK SMEs, PAF Group is supporting a segment that is crucial to economic growth, and this deal further supports NatWest’s overall ambition to help people, families and businesses to thrive.”