Refinance relief funding deadline extended

Refinance relief funding deadline extended

Due to the interest generated and positive uptake of Praetura Asset Finance’s exclusive refinance relief funding facilities, the application deadline has been extended until the end of September (2021).

Refinance relief facilities from Praetura allow businesses to create working capital, consolidate existing debts and conserve cashflow, including an exclusive option of up to nine months interest-only payments*.

Ric Simmons, commercial director of Praetura Asset Finance, said: “The cash reserves of many SMEs throughout the country are more constrained than ever before. There are businesses still very much ‘weathering the storm’, others are facing increasing costs and there are many who have taken advantage of the Government-backed loan schemes who have these repayments to now make aswell.

“Refinance relief funding from Praetura Asset Finance is helping companies consolidate their existing finance agreements to ensure they are able to repay their CBILS and BBLS loans without severely impacting the month-by-month cashflow of the business. Depending on equity levels in a company’s assets, substantial amounts can be unlocked to provide additional working capital, to boost cash reserves and help with rising supplier costs. The exclusive option of up to nine months interest-only payments* provides the extra flexibility that many SMEs need, alongside the expertise of our team of experts who are renowned for their proficiency in structuring agreements to the specific needs of each client’s individual circumstances”.

Funding is available from £25,000 to £2m on hard asset refinance transactions.


*Terms and conditions apply, please contact a member of the Praetura Asset Finance team to find out more.

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