Specialist SME lender Praetura has secured a £150 million back-to-back asset-based lending facility with NatWest.

The facility empowers Praetura to increase the funding capacity of its sales finance division, which backs businesses with a range of products including invoice discounting, asset-based lending and cash flow loans.

Praetura’s latest announcement builds on an existing relationship with NatWest, which was the inaugural funder in Praetura’s sales finance division – first launched as Praetura Commercial Finance in 2016.

The business has trebled its loan book to £600m in the past five years, including support for more than 1,500 UK SMEs in 2025, with £328m worth of funding.

Its 150-strong team has offices across the North West, with additional presence in London, the Midlands, the South and the North East.

Last year Praetura’s venture capital division Praetura Ventures announced a merger with Par Equity, creating PXN Group.