Secured & Assigned loans are secured on contracted recurring revenues of established and profitable businesses with loyal clients, looking for a loan to help them expand. Contracted recurring revenue means guaranteed revenues and does not include additional services a company might provide on top. An example might be monthly fees for software, but any technical support is extra.
We register a first all-assets charge at Companies House over the borrowing company. This means that, if things go wrong and the borrowing company needs to be wound up, we have the first call on the company’s assets. We perfect this with a Controlled bank account into which payments from Borrower customers flow that is exclusively under ArchOver’s control. Except in the event of insolvency proceedings, the Controlled account is cleared each day to the Borrower.