Finsec joins Knowledge Bank
Finsec, the specialist second charge and secured business loan lender, has added its criteria to the Knowledge Bank platform.
Finsec provides loans to small businesses which may have been rejected by mainstream lenders, and individual borrowers with non-standard or complex income and credit profiles.
Finsec provides second and third charge lending up to £150,000 on repayment terms of up to 15 years.
Kevin Cooke, managing director at Finsec, said: “We are delighted to be able to join Knowledge Bank to bring our specialist lending products to an even wider audience of professional brokers and intermediaries.
“Introducers who have experienced our service tell us they like our same day decisioning, streamlined process, flexible terms, minimal early redemption charges and instant commission payments as being the reasons why they use us.”
Matthew Corker, operations director of Knowledge Bank, added: “We are excited to have partnered with Finsec, showcasing their entire range of second charge and commercial criteria on Knowledge Bank.
“Finsec’s common sense lending approach coupled with non-automated decision making means they can consider cases other lenders won’t and even cases that have been declined elsewhere.
“We are sure they will be a popular addition to our system.”