Kingsway announces new secured commercial loan product
Kingsway Asset Finance has announced an extension to their commercial loan product portfolio.
The Cheshire-based company, who became part of the Praetura Asset Finance ‘PAF’ Group at the beginning of last year, are now offering an expanded version of their commercial loan product, where taking security against domestic property, in addition to the current personal guarantee requirements, will now be considered. This will allow the lender the ability to agree higher value acceptances, making more funds available for professional practices and SMEs.
The facility is available to SMEs in England and Wales, for loans from £25,000 up to a maximum of £150,000, over 12 to 60 months.
Mike Day, sales director at Kingsway Asset Finance said: “This addition to our commercial loan portfolio is a direct response to feedback we’ve received from our brokers, alongside our desire to keep pace with the ever-changing and varying demands of the UK SME market.
“We pride ourselves on the relationships we have built over the years with the brokers we work in partnership with. If there are ways for us, as a lender, to adapt and change to help them (and their clients) do more, this is something we will always endeavour to do”.