Business Builder Full Service with Security

If you mean business, you need a private business loan package that does, too.

Our Full Service with Security Package does it all for you. We formalize your loan, process payments and help you properly secure the loan.

What You Get

Documentation Services
We provide all the documents needed to set up a small business loan..

• Promissory Note
  This is the meat and potatoes of your private loan. It puts in writing your loan principal, your interest rate, your payment frequency, and anything else in-between. And, it’s legally binding.

• Payment Schedule
  We’ll create a payment schedule based on the loan terms you select, spelling out every due date and payment necessary to repay the loan according to the terms in the note.

Repayment Management
To help you keep track of payments.

• Payment Processing Services
  We make it easy and convenient to maintain your business loan with payment processing services, starting at just $9 per payment. Using electronic funds transfer, we debit the borrower’s account, and once those funds clear, credit the lender’s account. Plus, we send monthly reminder emails so you don’t have to guess the status of your loan.

• Online Account Access
  Check your account whenever you want, online. VirginMoney.com’s bank hours are 24 hours a day, seven days a week. Heck, we even work holidays (well, our website does anyway.)

• Year-End Reports
  We’ll keep you organized and informed for tax purposes or your own personal review with year-end payment reports.

• Toll-free Customer Support
  Friendly client services representatives are available 9AM - 7PM Monday thru Friday EST to respond to changes in loan payments or help get a borrower back on track.

Loan Security
We take the necessary steps to make sure your private loan is secure.

• Security Agreement
  You tell us what the borrower is pledging for collateral and we’ll create the documentation necessary to secure the loan against that collateral.

• UCC Filing Fee
  In addition to preparing the security agreement, we’ll also file that agreement, when applicable, with the appropriate county office to place a lien on the collateral.