Contract Line of Credit

  • Giving You the Flexibility You Need

    Having a line of credit is a must for contractors. With the comfort of Wacif’s Contract Line of Credit you will not have the worry of potential cost overruns or the 30, 60 or sometimes 90 day wait to be reimbursed for work done. You’ll be able to keep your business running, pay your employees and stay focused on growing your business for the future.

    Available in DC, MD, VA


    Terms

    • Loans between $5,000 – $150,000
    • Terms up to 12 months
    • Interest Rates up to 18%
    • $150 non-refundable Application Fee
    • 3% Commitment & Servicing Fee due at Closing
    • No Pre-Payment Penalty

    Eligibility

    • Minimum 1 year in business
    • Eligible Uses: Accounts Receivable (A/R)
    • No minimum Credit Score
    • Collateral Requirements: Security interest in all business assets including specific contracts, Personal Guarantee of key owners