Praetura Asset Finance breaks funding record

Praetura Asset Finance (PAF) has announced a record-breaking year in terms of annual funding levels, with two months still left to go in 2024. The financial services firm, known for supporting small and medium-sized enterprises (SMEs) across the UK, revealed a remarkable 28% increase in funding provided year-to-date.

October was a standout month for PAF, as the company achieved record figures across several key performance indicators. Not only did the firm surpass previous milestones for the volume of deals written, but it also engaged with more brokers than ever before and extended higher lending amounts, marking the most successful October since Praetura Asset Finance’s inception in 2013.

Reflecting on their achievements, Praetura Asset Finance expressed deep gratitude to their broker network.

“To the brokers we’re proud to work in partnership with, who have helped us achieve those numbers, we wholeheartedly thank you for your support,” said Ric Simmons, Managing Director at Praetura Asset Finance.

The growth is not limited to the month of October; year-on-year comparisons paint a compelling picture of PAF’s expansion and impact. The number of deals written has increased by 14%, while the total funding provided has surged by 39%. Furthermore, the number of brokers with active, live deals has grown by 21%, underscoring the deepening of PAF’s relationships and the broadening of its reach.