Waygar Capital provides financing to mid-market companies with the following criteria:
Loan Size: $5 million to $150 million
*with the potential for larger transactions, depending on the situation
Interest Rates: 11% to 13%
Monitoring Fee: Minimum $1,500 per month
Term: 6 months to 36 months (with options to extend)
Closing Fee: 0.5% – 2.0%
Unused Line Fee: Minimum 0.5%
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, Transportation, Defense and Security