Praetura Enterprise Finance will offer funding solutions for SMEs to cover short-term liabilities, mid-term working capital issues, technology, equipment and other areas of investment in their businesses.
Professional services firms and SMEs will be able to receive funding within 24 hours provided directly and via a panel of lenders.
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Paul Slapa, director of Praetura Enterprise Finance (pictured above), said: “This is a large, underserved market currently, so we’re confident there’ll be strong appetite for our fund.
“We believe there’s a clear gap in the market for professional services firms, such as accountants and lawyers, which face distinct opportunities and challenges.
“Without lenders that understand these factors and offer finance quickly, many firms will struggle to grow as quickly as they could.”
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