Praetura hits £20m lending milestone

Blackburn-based Praetura Asset Finance has hit the £20m lending mark since it was established in January.

The company credits the continuing upturn in the construction, manufacturing and print sectors for the substantial increase in demand it has experienced since Praetura Asset Finance started trading 10 months ago.

“Businesses are keen to capitalise on the surge in opportunities that they are now experiencing. However, some may lack the capital they need to invest in their business in order to expand and compete in a fast paced marketplace,” said Mike Hartley, managing director at Praetura Asset Finance.

“The flexible asset finance we offer means that our clients can release capital tied up in their business, accessing the money they need to make the most of market conditions on a time critical basis and with fixed, affordable repayments.” Praetura Asset Finance provides funding solutions for all kinds of businesses, where refinancing of plant, equipment and vehicles can provide capital while enabling companies to continue using the assets.