News in Numbers

Praetura Commercial Finance, an asset finance partner, has provided a £17 million funding facility to Community Foods, a UK supplier of dried fruit, nuts, and ingredients.

Asset Alliance Group has signed a three-year corporate partnership agreement with international development organisation Transaid to support its projects across sub-Saharan Africa.

New data from Purbeck Personal Guarantee Insurance has revealed that 7% of the low-value, personal guarantee-backed loans (up to the value of £50,000) it has protected have been for under £10,000.

Around 45% of firms back off from a finance deal if they find out there is a personal guarantee attached, said Todd Davison, MD of Purbeck Personal Guarantee Insurance.

Propel Finance, a UK asset finance provider, is now managing more than £500 million of lending to UK SMEs, originated through its proprietary digital platform.