Norsk Tactical Ltd is a specialist professional security company that reached out to Crispcap for a business loan. They didn’t need a large loan. Instead, they wanted a small infusion to expand their team.

With traditional lenders wanting to maximise the loan amount or sneak in unfavourable terms, Norsk Tactical struggled to find the right business loan for their needs. As a result, Norsk Tactical turned to Crispcap, who was able to work with them on the loan amount and terms.

Here’s how their funding journey played out.

How Did Norsk Tactical Start?

Norsk Tactical strives to deliver high-quality, personalised security solutions to individuals and businesses. The founders believe that security is the biggest acquired service in society today. From event management and asset protection to support services, Norsk Tactical handles everything related to security.

What Challenges Did They Face Before Getting a Business Loan?

Prior to securing a business loan from Crispcap, Norsk Tactical faced mounting challenges from traditional lenders. For one, traditional lenders only wanted to fund high loan amounts. This isn’t what Norsk Tactical needed. In fact, they already have steady cash flow and a strong growth projection. Instead, they needed a small loan amount for immediate hiring expenses.

Even if they were able to find a lender who would finance a small loan, the terms were often outrageous. From high interest rates to quick repayment terms, the granular details of the loan weren’t worth it from mainstream banks.

How Has a Business Loan Helped Them?

The small business loan from Crispcap will enable Norsk Tactical to hire additional staff. On average, it can cost businesses 30% to 50% of an employee’s salary in recruitment, training, and general overhead in the first year. Financing from Crispcap ensures Norsk Tactical has the reserves to hire, train, and retain the right staff members.

What’s Next for Norsk Tactical?

Even though Norsk Tactical Ltd is already a global company, they have strategic expansion plans in the U.S. and the Middle East. Equipped with financing from Crispcap, Norsk Tactical can bring on new staff members to accomplish its expansion goals.

If you’re like Norsk Tactical and need a small business loan, contact our team at Crispcap today. We’re ready to work with you to perfect your financing solution. Start your 30-second application process here, it won’t affect your credit score.