Lending built around what stands behind it.
Build Capital Credit is the name the plan gives to the lending front. Three lines are intended under it, and this section describes what each one would be rather than what any of them does.
Three intended lines
The plan divides the credit front into three. Business finance covers lending to an operating company against its own trading. Premium finance and surety finance are narrower, and each is defined by a specific piece of collateral rather than by the size or the sector of the borrower.
None of the three is open. Nothing has been originated, no application has been taken, and no capital has been deployed. Every sentence in this section describes an intention, and where a claim would need a figure to be meaningful, the figure is not published here.
Business Finance
Business-purpose lending to operating companies, together with the categories the plan groups beside it: contractor finance, equipment finance and receivables financing.
Premium Finance
An instalment loan whose purpose is to pay a commercial insurance premium on the insured's behalf, so that cover can be bound and paid for over the policy term.
Surety Finance
The same mechanic applied to a bond premium rather than an insurance premium, where the bond form allows it. Whether it does is what decides the product.
Why the collateral comes first
Build Capital Credit is structured to start from the question of what stands behind a loan. A generic business loan is repaid out of the borrower's trading and nothing else; a loan written against an asset that can be recovered, or against a payment that has already been earned, behaves differently when the borrower does not pay.
That distinction is the reason the plan separates the three lines rather than treating them as one product with three labels. It is also the reason the research the firm has done on them sits in separate files, each one still under internal review.
Structure follows the collateral. A line appears in this section because the platform is intended to work with that kind of exposure, not because a programme exists for it.
What this section deliberately does not say
There is no rate, no spread, no advance rate, no loan size, no term and no fee anywhere in this section. There is no statement about what would be required before any of these lines could be offered, and no claim that anything has been sought, held, or is not needed. Those questions belong to counsel, and the firm has not put them to counsel yet.
There is also no order of build. Which line would come first is a judgement the firm has not made, and the research on the tree disagrees with itself about it. Where a page in this section describes something intended, it says so in those words.
The research behind these pages is internal, under review, and not human-verified. It is not published here as a market view, and nothing in this section is an offer to sell or a solicitation of an offer to buy anything.
A short glossary for this section
The three lines above are separated by what a lender can reach if a borrower stops paying. These are the general terms that describe that idea, defined once here rather than re-defined on each child page.
Collateral
Something a lender can take or claim if a loan is not repaid — a machine, an invoice already owed, a portion of a premium not yet earned. A loan with collateral behaves differently in default than one repaid only out of a borrower's ongoing trading.
Advance rate
The share of a collateral's value a lender is willing to lend against, expressed as a general concept here rather than a figure. No advance rate for any Build Capital line is published on this site.
Servicing
The ongoing work of collecting payments, tracking a loan's status, and handling a default when one happens. For a lender that buys or holds notes rather than making them directly, servicing is often the harder constraint to solve than the capital itself.
Elsewhere on the site
The insurance front has its own section at Build Capital Insurance, and the two are related but separate: one lends, the other is intended to distribute cover. The home page sets out how the parts are meant to relate, and About explains what the firm is for.