Term Loans

Flexible Capital for Everyday Business Growth

Flexible term loans to support your business—with competitive rates, no minimum credit score, and no prepayment penalties.

Financing That Fits Your Goals

Our term loans, available from $10,000 to $250,000, are designed to help entrepreneurs access the capital they need to grow. 

WACIF requires the following minimum eligibility criteria to be met for all potential borrowers: 

  1. Businesses must be located in one of the following areas: 
    1. DC: District of Columbia 
    2. MD: Montgomery County, Prince George’s County  
    3. VA: Arlington County , City of Alexandria, Fairfax County, City of Fairfax
  2. Business owner must be a U.S. citizen, legal permanent resident, or have a valid work visa 
  3. Must have filed federal income taxes for the most recent filing deadline with the IRS (business and/or personal) or have filed an extension
  4. Business must have a business bank account 
  5. Must have been in business for a minimum of 1 year 
  6. Must have had business revenue at or above $50,000 during the previous fiscal year
  7. Cannot be a non-profit (with the exception of child care centers), an unregistered business, or a Limited Cooperative Association 
  8. Cannot be a business within the following list of restricted industries
    1. WACIF cannot lend to businesses in the following industries:
    2. Lobbying or politically-focused businesses;
    3. Any speculative business (such as oil wildcatting);
    4. Any business that presents live performances of a prurient sexual nature; or derives directly or indirectly more than 5 percent of gross revenue through the sale of products or services, or the presentation of any depictions or displays, of a prurient sexual nature;
    5. Any businesses teaching, counseling or indoctrinating religion or religious beliefs;
    6. Any pyramid sale distribution plan;
    7. Gambling (including legal);
    8. Any financial business primarily engaged in lending, or loan packagers earning more than one third of their gross annual revenues from packaging SBA loans;
    9. Life Insurance companies;
    10. Any business engaged in illegal activity;
    11. Tanning salons
    12. Cannabis businesses
    13. Pawn shops
    14. Astrology, palm reading

Documentation Requirements: View the documentation WACIF requests during its underwriting process.

Support for Equipment, Inventory, and Working Capital
Use your loan to invest in what matters most—new equipment, essential inventory, or the day-to-day cash flow that keeps your business running strong.

With no prepayment penalties and flexible terms, you can move forward with confidence and control.

What are you looking for today?