Praetura Asset Finance
British Business Bank programme: Investment Programme and our other commercial investments
Established in January 2014, Praetura Asset Finance provides funding to SMEs via Hire Purchase & Leasing facilities, as well as refinancing or freeing up of equity from capital assets. Since launching, Praetura has advanced more than £75m to businesses.
Praetura Asset Finance Ltd is the first independently owned asset finance company to enter the UK marketplace for 15 years. As Praetura are not owned by a bank, the company can be more flexible and provide funding solutions, faster than many major banks and finance houses.
Mike Hartley, Managing Director of Praetura Asset Finance Ltd, said:
“We are delighted at Praetura to be partnering with British Business Bank Investments Ltd. The syndication of our senior debt, alongside the expansion capital facility, provides us with real stability to support our continued growth.
“Like our other institutional funders, British Business Bank Investments Ltd shares our aim of providing suitable and targeted finance solutions for SMEs. These facilities will help meet the objectives of both parties, and to secure Praetura’s market position in the coming years.”