Unsecured Commercial Loans

In 2017 drawing on experience from our Professional Practice Loan product, we developed an unsecure commercial loan product for the SME market.

Only available to established businesses trading over 3 years with a good credit history. For all business purposes, except debt consolidation, VAT, PAYE and Corporation Tax arrears.

Unsecured Commercial Loans

Credit Criteria

Business established minimum of 3 years.

  • Home owning PG's
  • Creditsafe search 
  • Tangible Net Worth 
  • No late filing of statutory accounts considered

Terms

Fixed rate non-regulated commercial loan.

Finance Term: Typically 1 – 3 years
Min – max advances: £3,000 to £50,000

Purpose of Loan

All business purposes, except debt consolidation, VAT, PAYE and Corporation Tax arrears.

Fees

Standard documentation fee: £295.00 (payable on signing agreement).

For pricing & commission, email
newbusiness@kingsleyassetfinance.co.uk

Requested Information

  • Completed proposal form
  • Loan purpose (total required where syndicated)
  • Latest statutory accounts
  • Management accounts if statutory accounts are more than 6 month old (if available)
  • Last 3 months bank statements
  • Asset & Liability statements
  • Consent to carry out credit searches

Please note we will require personal guarantees on all proposals. Guarantors must be homeowners as we cannot accept tenants.