FundingKnight currently offers three types of loan:
Business loans – from £25,000 to £1million
FundingKnight lends to UK-based limited companies or LLPs with a minimum of 2 years’ trading history, at least one year’s filed accounts and a minimum turnover of £100,000. We do not lend to start-ups or sole traders.
Property Bridging loans – from £100,000 to £1million
We approve Property Bridging loans for the purchase, improvement or refinancing of properties in England and Wales. These properties can be commercial, buy-to-let or residential (as long as they are not owner-occupied). We do not lend on: farms, kennels, stables or agricultural buildings; pubs, nightclubs or cinemas; “unusual” properties; or properties in remote locations.
Green Energy loans – from £100,000 to £1million
Our Green Energy loans are only approved for UK-based projects in solar, wind, biomass and tidal power. During our vetting process we make sure they already have everything in place, such as: grid connection agreements, planning consent, feed-in tariff confirmation and the most experienced operators at the ready.
All of our registered investors are able to find out detailed information about the risk of each loan before they start bidding. The loan profile page shows the reason for the loan, profiles of the key people behind the borrower, a profile of the business (or description of the project as applicable) and relevant financial information. During a loan auction, you also have the opportunity to ask borrowers questions directly through the website.