Vector Capital provides secured, business-to-business loans to SMEs based in England and Wales. Loans are typically secured by a first legal charge against real estate. The Company's customers typically borrow for general working capital purposes, bridging ahead of refinancing, land development and property acquisition. The loans provided by the Company are generally for a 12-month term with fixed interest rates of between 11 and 14 per cent and these are financed primarily from a combination of its own resources and its Debt Facilities. Vector has an established network of brokers that introduce potential borrowers that match its lending criteria. The brokers submit proposals via Vector’s online portal and it endeavours to give decisions in principle and outline terms on a “same day” basis.