Kingsway Finance Limited, trading as Kingsway Asset Finance, is an independent funder established in 1992 and based in Cheadle, Cheshire. The lender offers asset-based lending and unsecured business finance designed for UK small and medium-sized enterprises (SMEs). It specialises in quick-decision funding that suits businesses requiring asset finance or flexible working-capital solutions but focuses on UK-registered entities and typically requires personal guarantees. More about asset finance and unsecured business loans can be found on Funding Agent.

Key features of Kingsway Finance Limited

Kingsway Finance provides a flexible and responsive service geared towards SME needs with a range of products and customer support facilities.

• More than 30 years of asset finance expertise
• Offers both secured and unsecured funding options
• Decision times often within 24 hours
• Flexible payment plans including seasonal and VAT deferral options
• Dedicated relationship managers and broker support teams
• Online proposal portal and e-signature documentation for efficiency

Funding eligibility criteria

Applicants generally need to have been trading for at least 2 years and achieve specified turnover levels, though some exceptions apply for start-ups with strong guarantees. Personal guarantees are frequently needed, particularly for limited companies. Evaluations consider credit profiles and business registrations within the UK.

• Typically requires a minimum trading period of two years. Start-ups considered individually with stronger security – see how to qualify for a business loan
• Minimum annual turnover requirements vary by loan type
• Personal and director guarantees are standard – further information on personal guarantee requirements
• UK business registration and operation required

Loan options available from Kingsway Finance

Kingsway offers several loan structures that integrate asset financing and unsecured lending solutions, covering a wide range of SME needs.

• Unsecured Business Loan– £10,000 to £250,000, terms from 3 months to 5 years, with indicative APR between 12% and 24%. Fixed monthly payments, quick approvals. More details at unsecured business loans.
• Hire Purchase (Asset Finance)– £15,000 to £1,000,000, terms from 12 months to 7 years, fixed rates agreed at outset but not publicly disclosed. Customer owns assets at term end. Information available via asset finance.

How to apply for finance

The application process at Kingsway Finance is designed to be relatively swift, requiring submission of essential business and asset documents with underwriting decisions typically within 24 hours. Documentation can be completed electronically.

• Submit proposal online or through a broker using the secure application form
• Provide key documents such as filed accounts, bank statements, asset quotations, and director ID
• Funding decisions generally offered within one to two days after all paperwork is received
• Electronic signature facilities available to speed contract completion

Funding Agent's review of Kingsway Finance Limited

Kingsway Finance is a well-established FCA-authorised lender focusing on asset-backed and short-term business finance for UK SMEs. It offers flexibility and speed, which suits companies that need swift access to equipment or working-capital funding. However, the requirement for personal guarantees, lack of transparent interest rate publication, and restrictions to UK businesses may not appeal to all borrowers. To explore other funding opportunities or check eligibility, visit business loans or use the unsecured business loan calculator on Funding Agent.