05 May 2023

Kingsway Finance secures £10m

Written By FinTech Alliance in Investment

Kingsway Finance secures £10m

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.”

Read more here.

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