Praetura Group (Praetura), a North West UK-based debt and equity capital provider to small and medium sized businesses, has reported a record GBP253 million year as demand for its equity and debt services continues to grow.
The Group’s lending division, which comprises Praetura Asset Finance, Praetura Commercial Finance, Praetura Invoice Finance and Kingsway Finance, finished the previous year on a GBP123 million loanbook. However, over 2021 the group grew its collective loanbook to more than GBP200 million, marking its highest lending levels since it was founded in 2011 and a 62 per cent increase from 2020.
Through its lending division, Praetura offers small and medium sized businesses an alternative to traditional institutional lenders. It supports clients across almost every industry sector, providing funds between GBP5,000 to GBP15 million to help businesses meet their own strategic objectives.
Praetura Asset Finance and Kingsway Finance transacted more than 1,000 deals. A record number to date for both businesses, predominantly driven through their close relationships with broker networks.
