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 >
Risecap helps businesses access business finance, working directly with businesses and their trusted advisors. Risecap typically receives a commission or finder’s fee from lenders which will be clearly outlined. The amount of commission received may vary depending on the product or lender chosen.
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