Kingsway Finance secures £25m funding line from BBI

Alternative lender Kingsway Finance has secured a £25m funding line from British Business Investments (BBI) to support its growth plans.

The revolving credit facility will be used for the provision of lease finance, commercial loans and professions loans to SMEs across the UK.

The facility follows a previous commitment made to Kingsway Finance by BBI.

Catherine Lewis La Torre, CEO at BBI (pictured above), stated that the use of asset finance by SMEs had continued to grow.

“We are, therefore, pleased to provide this additional support to Kingsway so they may increase their leasing capacity to smaller businesses across the UK.”

Adrian Anthon, managing director at Kingsway, said: “Kingsway Finance is delighted to continue our strong relationship with BBI and this new £25m commitment will enable us to continue our growth and support UK SMEs in the months and years ahead.”

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