Founded in 2011, Secure Logiq provides servers for high-definition surveillance security.
Their products are heavily reliant on a specific kind of microchip.
When we started working with them, they were in the black with £2.4m in revenues and had a strong sales pipeline.
The CFO needed to source funding to stockpile microchips for the duration of the pandemic.
The business' owners wanted to raise the money without giving away equity.
We spent two days preparing two business cases that quickly won them £100k and £150k in loans through the Coronavirus Business Interruption Loan Scheme (CBILS).
As these loans were backed by the UK government, SME owners didn’t have to put up any collateral.
During this exceptionally busy time, their CFO was able to focus on other crises such as a bank account closure, delayed invoices, and managing expenses, while Risecap took care of the funding.
For Secure Logiq, these loans allowed them to buy up all the available microchips and store them, thus avoiding supply chain disruption and price hikes.
They were even able to sell surplus microchips at a profit.
This wasn't the only time we supported Secure Logiq, they also chose Risecap when they needed funding for international expansion that their UK high street bank refused to support. Read more >
25 Green Street, Mayfair, London, W1K 7AX
Risecap Ltd (Company no. 11203916) Data Protection Number ZA553906. The registered address is 3rd Floor, 86-90 Paul Street, London EC2A 4NE. Risecap is a credit broker and not a lender.
We will receive commission from lenders. Different lenders pay different amounts depending on different commission models. For transparency we work with the following commission models: fixed fee, fixed rate of commission, percentage of the amount you borrow. In some circumstances, we do not receive any commission or fee from the lender, we will detail the commission or fee scenario throughout your customer journey
Copyright © 2024 Risecap. All rights reserved.
0203 089 7919
hello@risecap.co.uk
25 Green Street London W1K 7AX
Risecap Ltd Data Protection Number ZA553906. The registered address is 85 Great Portland Street, London, England, W1W 7LT. Risecap is a credit broker and not a lender.
Copyright © 2022 Risecap. All rights reserved.