ASSET RICH AND CASH POOR?
26 October 2021
Is your customer asset rich but cash poor? Do they need some cash flow relief?
New for 2021 we have developed a Secure Loan product for the SME market for all business purposes.
Only available to established businesses trading a minimum of 3 years with good credit history.
Business established minimum of 3 years.
All business purposes considered.
Fixed rate non-regulated commercial loan.
Finance Term: Typically 1 – 5 years
Min – max advances: £50,000 - £300,000
1st or 2nd legal charge only.
Combined maximum LTV 67.5% based on KAFL property valuation.
Residential property (not Buy to Let), or commercial property located in England or Wales (not Scotland or NI) as security.
Standard documentation fee: 1.2% of advance
Legal fees: £750 + VAT (estimate) payable prior to instructing solicitors
Pricing (subject to credit)
Minimum net yields to KAFL: 9%
Broker commission: Refer to underwriter
All new proposals should be sent to the following email address
newbusiness@kingsleyassetfinance.co.uk
Please note we will require personal guarantees on all proposals. Guarantors must be homeowners as we cannot accept tenants.
Funding challenging credits and older plant, machinery & vehicles.
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