Originally written by Timothy Adler on Small Business
EXCLUSIVE: Knight Capital, the Malaysian small business financier, is opening a London office to finance British small businesses.
Kuala Lumpar-based Knight Capital hopes to lend around £1.5m to around 15 to 25 small businesses in its first year through its UK offshoot Knight Credit.
Products on offer will include term loans, bridging loans and working capital with no minimum amount.
See also: Best small business loans in the UK
The implication is that it will be lending between £60,000-£100,000 a time to small businesses, although Knight Credit says it can go as high as £3m.
Knight Credit sees an opportunity to come into the UK market post Brexit, especially as it sees an opportunity for supply-chain finance given the inevitably more complicated red tape surrounding imports and exports.
Samreet Singh Randhay, who will be running the London office when it opens its doors on November 1 – the day after the UK is due to leave the European Union – said: “With Brexit coming, there will be a lot more financing required because of the UK’s vision of being self-sustaining.”
Singh stresses that, unlike other small business lenders which stress ease of applying for loans online and fast decisions, what
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by Partner Content • • 0 Comments
Originally written by Partner Content on Small Business
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by wahanelson • • 0 Comments
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