NORMA GREENWOOD JOINS AS SENIOR UNDERWRITER
17 July 2024
We are pleased to welcome Norma Greenwood to the Kingsley Team as our Senior Underwriter.
The benefits of an unsecured professional practice loan
An unsecured practice loan with Kingsley Asset Finance can help your dental practice with additional working capital, allowing you to free up your cash flow to fund other projects and bills.
Extra cash flow = increased budget to spend on developing your practice.
Asset Finance with Kingsley Asset Finance
In addition to offering unsecured practice loans, we can also fund assets for practices to include company cars and commercial vehicles, as well as equipment.
We offer both Hire Purchase and Finance Lease, tailoring the facility to suit your requirements.
Credit criteria for dental practices
Our rates are competitive and include minimum deposits of 10% and flexibility to repay over five years.
We consider minimum deal sizes of £10,000 up to a maximum of £75,000.
As with our unsecured practice loans, our asset finance facilities are underwritten typically within a 24-hour time frame and with eSign documents making it a quick and painless process.
Applications for our unsecured professional practice loans are available to first class credit risks such as the medical, dental, and veterinary professions.
Underwriting Guidelines
- UK National only
- Equity partners only
- Business established minimum of three years and profitable
- Home owning personal guarantees
- Must be registered with appropriate professional body
- Clear credit searches
Credit Terms
- Fixed Rate Non-Regulated Commercial Loan
- Finance term 1 – 3 years
- Minimum loan advance of £25,000 to a maximum loan advance of £75,000 to any one practice
- Personal guarantee of equity partners/directors (must be homeowners)
- Clear searches
- No penalty for early settlement
- Admin fees payable with first Direct Debit £325
(Please note we will consider under £25,000 for Limited companies and LLP’s and four partner and above firms)
