Small & Micro Business Loans

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Financing that fits your business

One of the most common reasons a small business does not succeed is under-capitalization or lack of long-term financing. Misunderstanding your capital needs and capacity can be the difference between growing your business and closing your doors.

With Wacif you’ll find both a partner and flexible lender that will work to find the best financing possible to fit your individual needs and goals.

Microloans

$5,000 – $50,000

Traditional microloans help small businesses owners and entrepreneurs build or repair credit. They also allow you to access capital in smaller amounts you can afford.

Terms

  • Terms up to 72 months
  • Interest Rates up to 10%
  • $150 non-refundable Application Fee
  • 3% Commitment & Servicing Fee due at Closing
  • No Pre-Payment Penalty

Eligibility

  • Minimum 3 years in business
  • Eligible Uses: Equipment, Inventory, Working Capital
  • No minimum Credit Score
  • Collateral Requirements: Security interest in all business assets, Personal Guarantee of key owners

Equipment Financing

$5,000 – $50,000

The right tool for the job can make or break your bottom line. Wacif’s Equipment Financing can get your business what it needs so you can deliver for your customers.

Terms

  • Terms up to 60 months
  • Interest Rates up to 18%
  • $150 non-refundable Application Fee
  • 3% Commitment & Servicing Fee due at Closing
  • No Pre-Payment Penalty

Eligibility

  • Minimum 3 years in business
  • Eligible Uses: Equipment
  • No minimum Credit Score
  • Collateral Requirements: Security interest in all business assets, Personal Guarantee of key owners

Working Capital Term Loan

$50,001 – $150,000

Wacif’s Working Capital Term Loan takes the stress out of running your business. Rest assured you have the funds you need to run the day-to-day operations to keep your customers happy.

Terms

  • Terms up to 72 months
  • Interest Rates up to 10%
  • $150 non-refundable Application Fee
  • 3% Commitment & Servicing Fee due at Closing
  • No Pre-Payment Penalty

Eligibility

  • Minimum 3 years in business
  • Eligible Uses: Working Capital
  • No minimum Credit Score
  • Collateral Requirements: Security interest in all business assets, Personal Guarantee of key owners

Contract Term Loan

$50,001 – $150,000

Wacif’s Contract Term Loan allows you to ramp up quickly by hiring staff, purchasing equipment and more, allowing you to get to work and get the job done.

Terms

  • 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 3 years in business
  • Eligible Uses: Equipment, Inventory, Working Capital
  • No minimum Credit Score
  • Collateral Requirements: Security interest in all business assets, Personal Guarantee of key owners

Contract Line of Credit

$5,000 – $15,000

Wacif’s Contract Line of Credit leaves you without the worry of potential cost overruns or delayed payment for work done. You’ll be able to stay focused and keep your business running smooth.

Terms

  • 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 3 years 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