BRAND NEW PRODUCT LAUNCH - SECURED COMMERCIAL LOANS
21 January 2021
We have developed a new Secured Commercial Loan product and we think you are going to like it!
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.
In 2017 KAFL took the decision to launch a new commercial loan product for the SME market. Funding challenging credits and older plant, machinery & vehicles. KAFL have been lending to the Professional market for over 10 years and we have several brokers who specialise in this sector. In addition to funding hard assets we will also consider the refinancing of assets to assist businesses raise additional funds for a variety of reasons. A new start business was introduced to us by one of supporting brokers. The business was based in Lancashire and its principle activity was that of a self-storage unit. W Martin Oliver approached us to assist with a very time critical issue. Hyway Logistics approached Kingsley Asset Finance to assist them with the finance of additional single car transporters. Their business was doing well and they were picking up lucrative contracts.Performance Finance
Asset Finance Solutions
V4B Professions
Rhino Asset Finance
LUV Asset Finance
W Martin Oliver
Hyway Logistics
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