Funding will increase loans for SMEs
IN BRIEF:
British Business Investments is providing a £10m block discounting funding facility
Kingsway, part of Praetura Group, will use the funding to offer more loans to UK SMEs between £5,000 and £25m
In 2022 the lending division had over £330m in loans on its balance sheet, according to Praetura Group
What does this mean?
Peadar O’Reilly, CEO of Praetura Group’s lending division, said: “SMEs need funding on the right terms and at the right time, delivered by lenders who will ensure the needs of each individual business are prioritised.”
