In November 2020, the British Business Bank accredited Kingsway Asset Finance (KAF) as a lender for the CBILS. KAF, a Praeture Asset Finance Group company, will offer CBILS term loan funding from £50,001 to £150,000 over two to five years, with no interest, fees or capital repayments in the first year.
The firm will be accepting applications for the CBILS proposition from both new and existing SME customers, referred by a panel of approved broker and intermediary partners.
Kingsway Asset Finance sales director, Mike Day, said: “At Kingsway we have a long history of supporting the borrowing requirements of the UK SME market. Now as an accredited non-bank lender, under the government-backed CBILS initiative, we look forward to providing qualifying businesses with the much-needed support they require during these testing times, via our panel of selected intermediaries”.
In May 2020, Praetura Asset Finance announced the appointment of Lewis Banford to the role of regional sales director for the South of England.
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