Praetura Commercial Finance, alongside sister company Zodeq, has finalised a £200 million asset-based lending securitisation facility with Barclays, aimed at bolstering support for SMEs across the UK. The collaboration with Barclays is poised to amplify Praetura's capacity to address the growing demand for alternative lending, with projections indicating additional backing for over 1,000 SMEs annually.
This recent development marks the establishment of two distinct securitisation facilities for sales finance and asset finance, each from different institutional banks. Previously, Praetura secured a £160 million asset finance securitisation facility from NatWest.
