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Praetura Commercial Finance (Praetura CF) set for continued growth with support from a £100m syndicated Asset Based Finance facility

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News - 22 July 2020

In today’s unprecedented times, UK businesses need all the support they can get. We recognise each business scenario is different and provide flexible and reliable funding solutions that support our clients to respond quickly and effectively to changes in the market and overcome their funding challenges.

Praetura CF provides alternative debt funding solutions to SMEs, predominantly in the North of England. We’re proud to have recently worked with RBSIF to provide Praetura CF with a funding solution to support their business growth ambitions. The funding provided will support SMEs across the North and also means Praetura CF has increased the size of its Manchester-based team to provide additional resource to support clients.

Read more from Praetura CF below:

Praetura Commercial Finance completes increased syndication of debt facilities, resulting in over £100m to deploy to SMEs

  • £100m available to SMEs across the North
  • Debt facilities agreed with RBSIF and ABN AMRO
  • Funding for acquisitions, MBOs, refinancings, turnarounds and growth opportunities as businesses respond to COVID-19 challenges

Praetura Commercial Finance has successfully completed an increased syndication of its debt facilities, enabling more SMEs in the Northern region to obtain the transformational finance they need to power ahead in the current challenging environment.

The funding will be made available to SMEs, offering innovative working capital solutions for a variety of event-driven transactions, including acquisitions, MBOs, refinancings, turnarounds and growth requirements. Meanwhile, Praetura Commercial Finance has also increased the size of its Manchester-based team to provide additional resource to support clients.

Stuart Bates, Commercial Director of Praetura Commercial Finance, said: “I am delighted to announce and welcome ABN AMRO Commercial Finance, who join our existing senior lender RBSIF, with additional  support of £32m. Together with our growth capital partner, RM Capital Partners, we now have over £100m of debt facilities to deploy directly to companies in the North of England helping them to secure additional working capital to drive their businesses forward faster.

“Over the last few months, we have grown closer to our clients than ever before. They have all told us that they have benefitted significantly from our relationship-driven approach and that having immediate and regular direct access to our board and key decision makers has made all the difference, particularly during the pandemic.

“At a time when every business in the UK is being forced to respond to the challenges posed by COVID-19, Praetura Commercial Finance continues to push forward, demonstrating resilience and an appetite for new opportunities.”

Andy Barraclough, Head of Regional Asset Based Lending at RBSIF, said: “RBSIF are delighted to be able to continue our backing of Lisa, Stuart and the Praetura team, and in being joined by ABN AMRO in the enlarged facility we are putting in place support for their medium-term growth aspirations. The Praetura team are incredibly experienced and run a terrific business. In these uncertain times, the professional way they have supported their clients is testament to their strong professional culture. We are proud to be part of that journey.”

Jeremy Smith, Director of Corporate Client Origination at ABN AMRO Commercial Finance, said: “Alternative lenders are a key part of the funding options available to UK businesses. Praetura CF is a quality operator in that field with a very strong management team and vision. ABN AMRO is delighted to be partnering with RBSIF in providing additional liquidity to them to help and support UK businesses.”

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