Aldermore increases Kingsley Asset Finance funding support to £9m

Aldermore has increased its funding support for Kingsley Asset Finance (KAF), expanding its block discounting facility from £6m to £9m.

Established in 1995, Kingsley Asset Finance provides asset finance, refinance and commercial loans to SMEs, corporates and professional businesses nationwide.

Having worked together since 2021, Aldermore has expanded its backing of Kingsley Asset Finance with a £9m facility.

The increased support will help the business accelerate its growth plans over the coming years, providing additional capacity to support more customers and intermediary partners across the UK.

The enhanced facility will enable the lender to continue delivering responsive, bespoke funding solutions while extending its reach to new businesses.

Steve Thorne, BDM at Aldermore, commented: "Kingsley Asset Finance has been a valued funding partner for Aldermore for a number of years, consistently demonstrating strong portfolio performance and a clear commitment to serving its customers and intermediary network.

“By increasing our support to £9m, we're helping the business build on that success and continue providing the flexible funding solutions that SMEs need to invest, grow and seize new opportunities.”

Simon Lefevre, head of wholesale and structured finance at Aldermore, added: “We’re proud to have supported Kingsley Asset Finance since 2021 and to have seen the business grow steadily during that time.

“This next phase is an exciting step for Kingsley, and we’re pleased to continue supporting the team as it builds on its success and expands its lending capabilities.”

Ben Smith, managing director at Kingsley Asset Finance, said: “Our extended facilities allow Kingsley to continue supporting even more UK businesses that require commercial finance solutions delivered in a pragmatic, efficient and no-nonsense way.

“We have ambitious growth plans and this milestone is key enabler in helping Kingsley realise those ambitions.”