Lending

Financing that Fits Your Business

Lack of access to capital is one of the most common reasons small businesses do not succeed. With Wacif, you will find both a partner and a mission-based lender that will work with you to obtain the best financing possible to fit your individual needs and goals.

Our safe and secure loan management portal ensures an easier and faster approval process. Find out in seconds if your business qualifies to apply for one of our small business loans.

If necessary, Wacif's advisory services team can help you get loan ready.

Term Loan

$10,000 – $250,000

Terms

Loan terms up to 72 months
Interest rates starting at 7.75%
$50 non-refundable application fee
3% Commitment and Servicing fee due at closing
No Pre-payment penalty
No minimum Credit Score
Collateral Requirements: Security interest in all business assets, Personal Guarantee of key owners

Eligible Loan Purposes

Equipment Financing
Inventory
Working Capital

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Green Growth Fund & Sustainable Boost Grant

$ – $

Entrepreneurs should fall into one of the two below:
Entrepreneur seeking to implement sustainable practices, materials, and/or energy efficiency installations
Entrepreneur executing projects in sustainable or green economy industries (ex. EV charging, retrofitting, waste management)

Funding Restriction: 

DC resident or small business (focus on Ward 5, 7, 8 but not exclusive to)

The Green Growth Fund is an innovative financing initiative designed to promote sustainable economic development and environmental stewardship. This fund offers tailored financial solutions to small businesses that contribute to reducing energy consumption, resource use, and greenhouse gas emissions. Specifically, the Green Growth Fund offers a lower barrier to entry lending product up to $250,000 to ensure accessibility for underinvested small businesses.

The Sustainable Boost Grant is a unique feature of this fund, providing an additional layer of financial security and flexibility to borrowers. This grant component demonstrates the fund’s commitment to supporting sustainable practices while addressing the practical financial challenges that businesses may face. The grant will be made available upon full repayment of the loan.

Terms

Eligible Loan Purposes

Get Started

Are you eligible for a small business loan with Wacif?

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

Businesses must be located in one of the following areas:
- DC: District of Columbia
- MD: Montgomery County, Prince George’s County
- VA: Arlington County, City of Alexandria, Fairfax County, City of Fairfax
Business owner must be a U.S. citizen, legal permanent resident, or have a valid work visa
Must have filed federal income taxes for the most recent filing deadline with the IRS (business and/or personal) or have filed an extension
Business must have a business bank account
Must have been in business for a minimum of 1 year
Must have had business revenue at or above $50,000 during the previous fiscal year
Cannot be a non-profit (with the exception of child care centers), an unregistered business, or a Limited Cooperative Association
Cannot be a business within the following
Wacif cannot lend to businesses in the following industries:

Lobbying or politically-focused businesses;

Any speculative business (such as oil wildcatting);

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;

Any businesses teaching, counseling or indoctrinating religion or religious beliefs;

Any pyramid sale distribution plan;

Gambling (including legal);

Any financial business primarily engaged in lending, or loan packagers earning more than one third of their gross annual revenues from packaging SBA loans;

Life Insurance companies;

Any business engaged in illegal activity;

Wacif additionally prohibits borrowers from the following industries:

Tanning salons

Cannabis businesses

Pawn shops

Astrology, palm reading

list of restricted industries

Documentation Requirements:

View the documentation Wacif requests during its underwriting process.

If you are eligible according to the above guidelines and are interested in obtaining a small business loan from Wacif, please fill out the following Inquiry Form:

Start Your Loan Request

If you have questions about your eligibility or how to become more loan-ready, you can sign up to talk to one of our Small Business Advisors at the following link:

Meet With a Small Business Advisor

Disclaimer: The Loan Inquiry Form linked above is not a loan application. You are not considered an applicant until you fill out a loan application form. Meeting the above eligibility criteria does not guarantee that your business is eligible to apply for a loan or that your business will receive a loan from Wacif.