ArchOver Platform Overview
|Type of investor?||Mixed: Individuals; Corporates & Institutions|
|How is the loan secured?||Secured against the Borrower's recurring revenue with an all asset charge & assignment of contracts|
|Who chooses the investment?||The Lender decides which loan(s) they want to invest in |
|Is there a provision fund?||Yes|
|Early exit possible?||No|
|FCA regulation?||Fully authorised and regulated by the FCA under registration number 723755|
ArchOver Secured and Assigned Loans Overview
Lender security is their number one focus and all loans are asset-backed with two tiers of protection. All ArchOver loans are secured against an all asset charge (registered at Companies House) over a Borrower’s business. For additional security and additional legal rights, all Borrower revenues from the sale of goods/services flow through controlled bank accounts owned by ArchOver before passing through to the Borrower’s bank account. Every loan listed on the platform has been pre-screened and approved by their experienced in-house credit team.
Secured & Assigned loans are made against the value of contracted recurring revenues of established and profitable businesses with very loyal clients (known as low churn) looking for a loan to help them expand. Contracted recurring revenue means guaranteed revenue for supply of a service. During the term of the loan the Borrower must maintain their client revenues/low churn. They monitor the churn and management accounts every month.
ArchOver also takes assignment of the contracts as further security in addition to the standard all asset charge and controlled accounts.
In the event a Borrower defaults in late payment, monthly reporting or churn, their all asset charge, assignments and controlled accounts allow them to quickly step in to either collect revenues, sell on the contracts or administer the business until the loan is repaid.