Asset finance companies - raising debt for refinancing and expansion purposes from existing banks and new entrants to the market.
UK and international banks have withdrawn from asset financing and SME lending, leaving many profitable businesses with a challenge in financing their businesses through leasing and secured lending products.
Promethion has been appointed by several asset finance companies to identify new avenues of finance.
Promethion located new bank and non-bank lenders which have provided new financing facilities on a block discount or secured lending basis, enabling clients to meet their financial targets.
Promethion has completed 5 transactions in the sector totalling £110 million.