Contract Line of Credit

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5,000 – $150,000 Loans

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.

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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