Mike Day

Kingsway expands commercial loan product offering

Kingsway Asset Finance has announced it has extended its commercial loan product portfolio, which will allow the lender to agree higher value acceptances.

The Cheshire-based company — which became part of the Praetura Asset Finance Group in early 2019 — will now consider taking security against domestic property, in addition to the current personal guarantee requirements.

“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,” commented Mike Day, sales director at Kingsway Asset Finance (pictured above).

The facility is available to SMEs in England and Wales for loans from £25,000–150,000.

It can be used over 12–60 months. 

“We pride ourselves on the relationships we have built over the years with the brokers we work in partnership with,” added Mike.

“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”.

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