FundingKnight Limited is a UK-based peer-to-peer and institutional marketplace lender established in 2012. It focuses on short-term property finance and SME business loans, connecting professional and retail lenders with credit-worthy borrowers in England and Wales. This lender operates under FCA regulation and may suit established small to medium-sized enterprises and experienced property investors seeking short to medium-term financing solutions. For broader context, you can visit our lender reviews and learn more about business loans options.
Key Features of FundingKnight
FundingKnight offers a streamlined digital experience with features designed for efficiency and transparency. Its approach supports complex cases and provides good visibility for brokers and borrowers alike.
- Fully online application process with document uploads.
- Real-time case tracking for brokers and borrowers.
- Dedicated relationship managers accessible by phone and email.
- Investor marketplace allows diversification across loans.
- No early repayment charges on most loans after an initial 3-month period.
Funding Eligibility
You may qualify for FundingKnight loans if your business has a minimum of two years' trading history and an annual turnover of at least £100,000 for SME term loans. Property finance eligibility depends on credible experience for property SPVs. Accepted borrowers must be UK-registered companies operating in England & Wales, excluding certain sectors like arms and gambling. Ensure your business complies with our eligibility guide and sector restrictions. Further help and tools can be found in our loan eligibility tools.
Loan Options Available
FundingKnight provides a selection of short-term finance products for SMEs and property investors. Loans cover amounts from £25,000 up to £5,000,000, designed mainly for short-term needs with terms capped at 3 years. Each product targets specific borrower profiles and requirements.
- SME Business Term Loan: amounts from £25,000 to £150,000, terms between 6 and 36 months, fixed rates from 7.0% to 18.0% p.a. (representative APR 12.9%). Requires minimum 2 years trading with £100,000+ turnover.
- Standard Bridging Loan: £250,000 to £5,000,000, terms 3 to 18 months, monthly rates 0.65% to 1.25%. Primarily for property SPVs and experienced investors with exit strategy.
- Refurbishment Bridge: £250,000 to £3,000,000, terms 6 to 18 months, monthly rates 0.75% to 1.35%. Supports extensive refurbishments with staged draws, requires experienced teams.
- Development Exit Loan: £500,000 to £5,000,000, 3 to 24 months term, monthly rates 0.65% to 1.15%. For completed or near-completed property developments with exit assured.
How to Apply
FundingKnight's application is fully digital, aiming for prompt decisions and funding. Typical timelines vary by loan type but include swift underwriting and required documentation submission.
- Submit your application online via the FundingKnight portal or through brokers using the online forms.
- Provide necessary documentation such as filed accounts, bank statements, director IDs, property valuations, and schedules of works where relevant.
- Expect indicative decisions within 24 hours and full approval in 3 to 5 working days, depending on valuations and legal processes.
- Funds are typically released within 5 working days for SME loans and 7-21 days for bridging and development loans subject to completion of legal checks.
Funding Agent’s view on FundingKnight
FundingKnight is a tech-enabled lender bridging gaps left by traditional banks in short-term SME and property finance. Its fast decision making suits experienced borrowers requiring quick access to capital. Limitations include mandatory personal guarantees, short maximum loan terms, and its focus on England and Wales. It is less suitable for start-ups or long-term finance needs. Use our tools and eligibility checkers to assess fit. Consider comparisons with other lenders in our lender directory.
