Praetura Asset Finance launches new funding initiative

• New Refinance relief funding facilities now available from Praetura Asset Finance
• Providing new innovative cashflow solutions for UK SMEs
• Exclusive added benefits include up to nine months interest-only payments

Praetura Asset Finance have announced the launch of their new refinance relief funding, available from today (6 April 2021).

The new funding facilities will allow businesses to create working capital, consolidate existing debts and conserve cashflow, including an exclusive option of up to nine months interest-only payments.

Ric Simmons, commercial director of Praetura Asset Finance, said: “Due to the circumstances of the last 12 months, the cash reserves of many SMEs throughout the country are more constrained than ever before.

“There are businesses still very much ‘weathering the storm’, others will be facing increasing costs and there are also many who have taken advantage of the government-backed loan schemes who will have new repayments to start making soon (if these haven’t already started).

“The new refinance relief funding from Praetura Asset Finance could help companies consolidate their existing finance agreements to ensure they are able to start repaying their CBILS and BBLS loans without severely impacting the month-by-month cashflow of the business. Depending on equity levels in a company’s assets, substantial amounts could be unlocked to provide an additional injection of working capital too. The exclusive option of up to nine months interest-only payments provides the extra flexibility that many SMEs need, alongside the expertise of our team of experts who are renowned for their proficiency in structuring agreements to the specific needs of each client’s individual circumstances”.

The new refinance relief funding facilities from Praetura Asset Finance will be available from 6 April until 31 May 2021, with funding available from £25,000 to £2m on hard asset refinance transactions.