Praetura Asset Finance

Praetura Asset Finance allows businesses to spread the cost of essential machinery, or simply release cash to grow, with asset finance of up to £2 million.

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Praetura Asset Finance

Praetura Asset Finance is a direct lender, not a broker. It is authorised and regulated by the Financial Conduct Authority (FCA).

In 2013, Praetura Asset Finance became the first independently-owned asset finance company to enter the UK marketplace in 15 years. Its aim was to make funding more accessible for SMEs, which often struggle to get credit from mainstream banks.

Praetura Asset Finance offers funding based on the current value of a business’s unencumbered assets, with less focus on liquidity and profit margins.

Whether you’re looking to fund new vehicles or machinery, enable expansion plans, consolidate debts or provide an injection of working capital, Praetura Asset Finance could help. It’s quick and straightforward to apply at the Praetura Asset Finance website.

What is asset finance?

With asset finance, you pay a regular amount to use an essential asset for your business over an agreed period. This frees up cash because you’re not having to fund it outright.

Most commonly, asset finance is about getting newer, better equipment for your team, but it can also provide a boost to working capital by unlocking the equity tied up in existing assets.

Compare asset finance

Data indicated here is updated regularly
Name Product Asset finance options Asset finance amounts Asset finance terms
Bibby Financial Services Asset Finance
Leasing
Hire Purchase
Refinancing
£25,000 to £1,500,000
2 - 5 years
Bibby can offer you lower initial payments as well as payment holidays to help you business during quieter periods when your equipment is not earning.
Arkle Finance Asset Finance
Fixed Term Rental
Finance Lease
Hire Purchase
Marine Mortgage
Loan & Chattel Mortgage
£5,000 to £500,000
1-7 years
Arkle Finance allows you to adjust your repayments in line with your seasonal income.
Funding Circle Asset Finance
Hire Purchase
Hire
£10,000 to £250,000
6 months to 5 years
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Compare up to 4 providers

Praetura Asset Finance options

Praetura Asset Finance offers three types of asset finance to suit the individual needs of your business:

  • Hire Purchase. Hire Purchase allows you to replace old or outdated equipment, expand your product offering with new machinery, or update your business vehicles without a large upfront payment. You retain the rights of ownership, with the cost spread over monthly payments for an agreed term. Hire Purchase can be tax-efficient, with interest and charges offsetable against pre-tax profits. Flexible deposit options and seasonal payment plans are available.
  • Finance Leasing. Hiring essential equipment through a Finance Lease allows you to use new machinery or transport and pay for it with a monthly payment plan. At the end of the payment plan you could continue to use the asset with reduced annual payments, return it to Praetura or sell it to a (neutral) third party for a fair market value and receive a portion of the profits.
  • Refinance. You could raise funds for your business by unlocking capital from your machinery, equipment or vehicles. This option doesn’t restrict whether you can continue to use the asset. Refinancing could help you to develop new markets, expand or restructure your business or upgrade your premises, machinery, equipment and vehicles.

Key features of Praetura Asset Finance

  • Get funding of up to £2 million. The amount you can borrow will depend on the individual needs of your business and the type of assets you want to be financed.
  • Tailored quotes. You’re given a personalised price to meet your requirements.
  • Specialist expertise. Specialising solely in asset management, Praetura Asset Finance has expertise and knowledge spanning a range of industries.

The interest rate you’re offered will depend on factors like the assets you want to finance, the term of the loan, the performance of your business and its credit rating. You will be given a personalised interest rate which may differ from any advertised “representative APR”.

Am I eligible for Praetura Asset Finance?

You should only apply for asset finance if you’re certain you can meet the repayment terms. You must also:

  • Be aged 18 or over
  • Require the asset for business use
  • Be a limited company, sole trader, partnership, PLC or public body

How can I apply?

You can either call Praetura Asset Finance or use the contact page on its website to request a callback. An asset finance specialist will get to know your business and talk you through the options available to you.

Frequently asked questions

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

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