User:Vector Capital Plc/sandbox

Vector Capital Plc (lse: VCAP) is a leading British secured lending and commercial loan business. Headquartered in London, it is listed on the London Stock Exchange.

History
The parent entity has traded since 1978 and the current team has led the lending operation since 1999. That gives Vector’s operational management decades of relevant sector expertise. The first loan was issued in 1999 and the operation grew organically until 2016. Vector has grown the loan book significantly since, via the introduction of external block discounting facilities provided by two banks

Description of Business
Vector Capital, together with its Subsidiaries VBFL and VAFL, is a commercial lending group that offers secured loans primarily to businesses located in the United Kingdom.

Substantially all of the Group’s loans are secured by a first legal charge against real estate. The Group’s customers typically borrow for general working capital purposes, bridging, land development and acquisition.

The Group has an established network of brokers that introduce to Vector potential borrowers that match the Group’s lending criteria. The brokers submit proposals via the Group’s online portal and the Company endeavours to give decisions in principle and outline terms on a “same day” basis.

The Group’s loans issued are secured, typically by a charge against land or property, and usually this will be a first charge. The Directors believe that the Group’s credit management policies, both during initial underwriting and throughout the life of the loan, will result in minimal defaults.

The Group’s loans to its borrowers are financed primarily from a combination of the Group’s own resources and the Debt Facilities.