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A Blackburn-headquartered asset finance specialist has raised £12.5m of capital to accelerate its lending book towards £100m – just 16 months after the company launched.
enjoyed record growth during its first year of tradingThe backing from private investors, high net worth individuals and institutional investment will be used to help small and medium-sized businesses access alternative finance solutions including hire purchase, refinance and leasing.
Mike Hartley, managing director of Praetura Asset Finance, said: “Appetite for asset finance is at an all time high and with the business developing real momentum, we’re excited about our plans for growth in 2015 and beyond.
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