Commercial Loan
Commercial Loan.
A commercial loan is another term for a business loan, which is typically used to fund expansion plans or for investment purposes.
There will always need to be a bona fide business reason for the loan for Kingsway to consider the proposal.
Key benefits include
- Decision within 24 hours
- Pay out not delayed by delivery and installation
- Customer is paid directly
- Manageable fixed monthly payments
Professional Loans
Professional Loans.
Professional loans are business loans available for registered professional bodies including accountants, architects, barristers, chartered engineers, dentists, doctors, opticians, registered pharmacists, solicitors, chartered surveyors and vets.
These types of agreements can be used to fund building works and other intangible assets as well as funding payments of professional indemnity premiums, corporation and income tax, partner buyouts, acquisitions, aged debt funding and fee purchases.
Key benefits include
- Decision within 24 hours
- Pay out not delayed by delivery and installation
- Customer is paid directly
- Manageable fixed monthly payments
Lease
Lease.
Leasing is a way to hire new business assets to assist with new projects, update existing equipment or expand a business without needing to pay for everything upfront.
Instead, the assets can be paid for while they are making money for the business, by way of regular ‘rental’ payments over a fixed or minimum lease period.
Key benefits include
- Decision within 24 hours
- Fixed payments not affected by interest rate rises
- No large deposits
- Tax efficient
- Payment in advance of equipment delivery is possible (subject to credit approval)
- Other credit lines remain untouched
Hire Purchase
Hire Purchase.
This method of funding offers a way to invest in new equipment, with the asset being paid for as it generates income for the business (similarly to leasing). At the end of the agreement period (once all contracted instalments have been paid) there is then the option to complete the purchase of the equipment.
Key benefits include
- Decision within 24 hours
- Fixed payments not affected by interest rate rises
- No large deposits
- Tax efficient
- Payment in advance of equipment delivery is possible (subject to credit approval)
- Other credit lines remain untouched
Sale and Lease/ HP Back
Sale and Lease/ HP Back.
This type of funding involves Kingsway purchasing the asset from a business and then hiring it back to them, allowing the company continued use of the asset whilst also benefitting from the additional capital raised from the sale.
Proposals for this funding will be considered where the original invoice is available and for equipment no more than five years old.
Key benefits include
- Decisions possible within 24 hours
- Provides capital for other uses
- Can provide additional tax deductions
- Advantageous when equipment supplier is based outside the UK
