The ways in which funding from Praetura helps SMEs across the UK is wide and varied.
Here are some examples of deals done that illustrate the difference that working with a consultant lender like Praetura can make.
Case Studies
Fuelling expansion
More than Money approach
£242,880 HP finance over 60 months Including three month VAT deferral
Green fuel generation business seeking funding to expand fleet to enable UK expansion.
Initial deal agreed to fund five vehicles but PAF took the time to visit and understand the business.
PAF increased the deal to fund a total of fifteen vehicles, enabling the business’ expansion plans.
"Partnering with a lender who comprehends the intricacies of high-growth, large-investment start-ups was essential in securing a credit line once the initial five vans were approved and funded. The underwriting team implemented a solution-based lending approach, which helped secure the funding for the first five vans by proposing a tailored counter offer that ultimately suited both parties.
Without Praetura collaborating with Charles & Dean to facilitate a face-to-face customer sign-up, the offer for an additional 10 vehicles would not have materialised especially without Dan Heald the National Sales Director to understand the business mechanics, future growth, and the crucial role of debt in the company’s strategic plans." – James Wood, Charles & Dean
Regenerating refinance
Speedy solutions…
£1.2 million hire purchase of specialist manufacturing equipment arranged over a 60 month term
Paper products manufacturer wanting to invest in new equipment to diversify the company’s product range and increase production levels.
Company had experienced a difficult trading period in 2020 so additional understanding of previous circumstances and future plans needed.
Funding proposal received on the Friday and verbally approved the following Monday. Formal acceptance issued Tuesday morning with the sign up and asset inspection conducted that afternoon. Landlord’s waiver and three debenture waivers arranged with 24 hours and the deal was paid within a week.
Refinance relief in action
Refinance resolutions…
£50,000 refinance of a Bocker truck mounted crane arranged over a 48 month term
Well-established crane business, undergoing a restructuring process and looking to invest in new equipment, but with limited cash reserves.
Funding proposal received on the Friday and verbally approved the following Monday. Formal acceptance issued Tuesday morning with the sign up and asset inspection conducted that afternoon. Landlord’s waiver and three debenture waivers arranged with 24 hours and the deal was paid within a week.
Helping growing businesses
HS2 help…
£255,000 finance lease of a mobile jaw crushing unit arranged over a 60 month term
Established waste and recycling company needing to invest in a specific piece of new equipment urgently.
Equipment needed to service a new HS2 related contract, scheduled to start in less than three working days
Proposal received at midday on Thursday and approved by 3pm the same day. Signed up at 8am the following day and paid within two hours.
Funding arranged and paid in under 24 hours.
The ‘Refinance 3 Rs’ in action
Sweeping savings…
£130,800 refinance of three road sweepers arranged over terms of 36, 48 and 60 months
Plant hire company specialising in road sweepers, who were looking for funds to get back on an even keel (post pandemic) and reduce monthly outgoings to tide them over the quieter summer period.
The refinance of three road sweepers (under hire purchase agreements with two other funders) was arranged.
This provided a working capital injection of over £130,000 and a 50% reduction in their monthly payments.
Creating capital and conserving cashflow…
£355,527 refinance of various trucks and trailers arranged over a 24 month term
Well-established transportation and logistics company requiring a cashflow boost, following their business being severely impacted by port closures in December and post-Brexit legislative changes.
Praetura Asset Finance consolidated their existing hire purchase agreements with Praetura and other funders – refinancing a total of 68 assets.
This provided an immediate cash injection of £100,000 and a reduction in their repayments of over £18,000 per month.
Praetura Asset Finance have been on our funding panel for more than six years. They have supported both ourselves and our SME clients throughout, with a professional and reliable service. Highly recommended, the team’s expertise in their market sector is second to none.
Warren Holt, Sales Director, Equilibrium Finance
Many thanks for the excellent service received from Praetura on a couple of recent transactions. Speed of service, listening and taking on board the information received was all superb.
Mark Tilley, Eurolease Business Finance
When we introduce a potential deal or customer to Praetura Asset Finance, we know the funding proposal will be dealt with in a speedy, professional manner. In our experience Praetura take all the ‘hassle’ out of the process and when you are dealing with 25+ finance companies, this is appreciated. Praetura are experts in the asset refinance market due to the added value they provide.
David Parkinson, Parkinson Business Finance
Your service levels were first class from beginning to end - an increasingly rare thing in the busy world of asset and equipment financing. The simple tasks should be easy but many fail where you have succeeded with aplomb, keep up the good work.
Andy Wise, Managing Director, Thames Valley Asset Finance
This wasn’t a straightforward deal, but Praetura Asset Finance’s expertise shone through throughout the whole process. Their assistance, adaptability and knowledge were invaluable. Praetura made a complicated deal simple and hassle-free. We now have a very satisfied client and a business looking forward to a bright future.
Neil Sharp, Director, TML Finance and Advisory
Praetura Asset Finance aren’t just a funder, they’re an adviser, a coordinator and an extensive source of knowledge and expertise.
They are a valuable asset in themselves and I’m proud to work in partnership with them.
