As part of its expansion plans, Manchester-based Praetura Group has announced the launch of a new financial division named Praetura Invoice Finance (PIF), which will unlock flexible finance for SMEs. PIF will create 10 jobs and help SMEs across the United Kingdom by providing funds against unpaid invoices.
This newly-launched division will be led by Managing Director Ray Lowrey, who has experience of more than 30 years in commercial finance. Praetura Group is currently one of the leading debt and equity capital providers to SMEs in the UK, and it already has various lending divisions such as Praetura Ventures, Praetura Asset Finance, and Praetura Commercial Finance.
