praetura group

Praetura Asset Finance secures additional funding from NatWest

Praetura Asset Finance (PAF) Group’s securitisation funding facility with NatWest has been increased from £75m to £100m.

The extended facility will enable the company and the wider Praetura Group to increase its lending capacity to SME businesses across the UK.

This follows Praetura Group’s record performance in 2021, which saw its lending division’s loan book grow to over £200m.

The company now aims to increase its loan book to over £300m in 2022.

Praetura Group's lending division — which includes Praetura Asset Finance, Kingsway Finance, Praetura Commercial Finance and Praetura Invoice Finance — offers SME funding solutions between £5,000 to £15m to businesses across various industry sectors.

Peadar O’Reilly, managing director of the Praetura lending division (pictured above), 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 of NatWest’s speciality finance division, commented: “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.”

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