Contract Term Loan

  • Helping You Deliver for Your Clients

    Did you win a large contract? Congratulations! Now you have to deliver. Wacif’s Contract Term Loan allows you to ramp up quickly by hiring staff, purchasing equipment and more. Now that you can get to work, rest assured that you can afford to get the job done.

    Available in DC, MD, VA


    Terms

    • Loans between $50,001 – $150,000
    • Terms up to 72 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: Equipment, Inventory, Working Capital
    • No minimum Credit Score
    • Collateral Requirements: Security interest in all business assets including specific contracts, Personal Guarantee of key owners