Business Financing

Photograph of woman of color entrepreneur holding a check from Wacif for $5,000

Access to capital is one of the primary inequities faced by enterprising women of color. Lack of long-term financing can affect a host of issues that slow business growth and threaten business survival.

Please complete the application form to get started today. To best service your needs, our team reviews your answers prior to setting up a meeting.

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Equipment Financing

Get the Tools You Need

Having the right tool for the job can make or break your bottom line. Wacif’s Equipment Financing can get your business the equipment it needs to increase productivity and deliver for your customers.

Terms:

Loans between $5,000-$50,000
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

Microloan

Traditional microloans help businesses build or repair credit while allowing you to access capital in smaller amounts you can afford.

Terms:

Loans between $5,000-$50,000
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

Working Capital Term Loan

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

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 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

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.

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 3 years 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

Contract Line of Credit

Having a line of credit is a must for contractors. With the comfort of Wacif’s Contract Line of Credit you will not have to worry about potential cost overruns or the 30,60 or sometimes 90 day wait to be reimbursed for work done. You’ll be able to keep your business running, pay your employees and stay focused on growing your business for the future.

Terms:

Loans between $5,000 - $150,000
Terms up to 12 months
Interest Rates up to 18%
$150 non-refundable Application fee
3% Commitment & Servicing Free 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

Business Financing

Join Our Growing Ecosystem

Enterprising Women of Color DMV Business Center