Frequently asked questions.

Kingsway require five key elements in order to be able to guarantee there are no delays in the decision process. The key elements for a good proposal are:

1. Company background, narrative to include purpose of loan/asset and source of lead to be shared with context of relationship

2. Last set of Filed Accounts

3. Latest Management Accounts (to include Profit & Loss and Balance Sheet)

4. Last three months Business Bank Statements

5. Property equity details for all proposed Guarantors (we can only lend to UK homeowners)

No, all Sole Traders/Partnership hirers and all Ltd/LLP guarantors must be UK homeowners. We will verify this with Land Registry and will require further evidence if our Land Registry search is inconclusive.

All assets must have an obvious application to the business that has been proposed for finance. There are some assets that we will not finance, which include:

• ATMs
• Audio visual equipment into pubs
• Laser Machines or similar types of “body enhancement equipment” unless the prospective customer is a recognised medical professional
• Search engine optimisation software (SEO) or website software
• Slush & iced drinks machines
• Sunbeds and tanning equipment
• Vehicles and yellow plant machinery – we will refer these to our sister company, Praetura Asset Finance
• Any asset where the concept of the sale is to generate income to pay the lease rentals and the asset is not essential to the business eg;  revenue to be derived from the lease of plasma screens into a company that expects advertising or user charges to cover the lease rental

There are a number of sectors we will not currently lend into, including:

• Agriculture / Farming, Forestry
• Construction (with the exception of Scaffolding for Lease/ Hire purchase facilities) 
• Couriers (self-employed)
• Gambling Industries
• Government Funded Schools & Academies (due to Department of Education policy)
• Home based cleaning businesses and Window Cleaners
• Legal firms specialising in Personal Injury (PI) claims
• Small Charities & “Limited by Guarantee” companies  
• Tenanted Public Houses and Social Clubs

Kingsway offer e-docs across the majority of our products*! Please note, all signatories must have business email domains for issuing e-documentation (personal email addresses are not able to be accepted).

*Applicable products include unsecured commercial and professional loans as well as HP. Original wet ink signatures are still required for RLS and lease.

Please head below to our Broker Portal in order to access our downloadable document section. You will see our documentation is split by product for ease, but if you require any further assistance, please contact your Kingsway BDM.

Yes, financing 100% software is assessed in the same way as all other assets that we have an appetite for.

We will consider proposals for prospective customers based in all regions of England and Wales. We will also consider applications for professional loans and asset finance in Scotland.