Waygar Capital provides financing to mid-market companies with the following criteria:
Loan Amounts = $2,500,000 to $100,000,000
**with the potential for larger transactions, depending on the situation
Interest Rates: 9 to 18 percent
Term: 6 months to 36 months (with options to extend)
Closing Fee: 0.5 – 2 percent
Collateral Monitoring Fee: $500 to $1000 per month
Appraisal and Field Examination Costs: While not required in all transactions, these services, when necessary, are provided by third party firms.
Collateral Requirements: First charge of the assets provided as collateral is required. In some cases, second collateral positions may be considered. Personal guarantees are also required in some situations.
Geography: Canada and selective transactions in the United States.
Industry Preferences: Manufacturers, Distributors, Retailers, and Transportation.