The Praetura Commercial Finance (PCF) team reveals that they have secured a £200m asset-based lending securitisation with Barclays to help more SMEs with their funding needs.
The wider Praetura Group team have also “managed to treble their loanbook in three years to over £400m. ”
The funding reportedly makes Praetura the only specialist finance company in the UK to have two separate securitisation facilities “in place for both sales finance and asset finance from two major institutional banks, following the asset finance securitisation facility of £160m from NatWest.”
Their Fund The Gap report found “that almost three-fifths (59%) of UK businesses say access to capital has decreased in the last five years, and that 43% report that it is one of the biggest challenges they face.”
Working with forward thinking institutions, “such as Barclays UK, means they can bring down barriers to capital for thousands of UK businesses.”
As noted by its management, Praetura Commercial Finance says it is “an independent finance partner with an entrepreneurial approach.”
The senior team has over 80 years combined Asset Based Lending experience “with a proven track record and a genuine appetite to provide innovative working capital solutions and debt structures.”
As a team, they are dedicated to “providing a best-in-class level of customer service with relationship development at the core of what they do.”
Experts in transactional facilities (acquisitions, MBO’s/MBI’s), turnarounds and refinances, our suite of products can be tailored “to provide a flexible solution for your business which will aide and not impede growth.”
As reported recently by the firm, Praetura Lending entered a partnership with BankiFi, launching a platform to boost SMEs’ access to growth funding.
BankiFi is reportedly trusted “by major banks to deliver open banking solutions to SMEs, thus strengthening banks’ relationships with the UK’s army of small businesses.”
Continuing in this vein, the partnership has culminated in a lending-as-a-service solution that “will enable Praetura Lending to deliver asset and invoice finance to SMEs on behalf of the banks.”
As well as empowering traditional lenders who are unable to deliver the lending services they offer, this collaboration is closing “yet another gap in the SME funding space.”