FAQs

Wawa Capital offers a wide range of financing solutions designed to meet the diverse needs of small businesses. Our comprehensive portfolio includes term loans, working capital options, and commercial real estate (CRE) loans. Our experienced funding specialists are adept at arranging various types of financing, including term loans, SBA loans, traditional bank loans, business lines of credit, equipment financing, business acquisition loans, commercial real estate loans, refinancing, and merchant cash advances. We are proud to provide specialized lending programs tailored to support women-owned, veteran-owned, and minority-owned businesses. It’s important to note that while not all our financing products are classified as loans, we strive to provide the right funding options for every small business.

Small business owners have the option to obtain small business loans, typically ranging from $5,000 to $500,000 or even more, to cover various expenses such as payroll financing, inventory, equipment, and other operational costs. The repayment terms for these loans can vary, with durations as short as three months or as long as 25 years, depending on the lender and the specific loan agreement. Business owners have the choice between traditional financial institutions and alternative online lenders when seeking small business loans.

Small business loans often include a standard provision known as a personal guarantee, whereby the business owner becomes personally liable for the company’s debt in the event of loan default. This personal guarantee is a risk management measure that provides added assurance to the lender. However, it’s essential for business owners to be aware that a personal guarantee may potentially restrict the protections offered by their business structure. It’s crucial to carefully consider the implications and consult with legal and financial professionals when deciding to provide a personal guarantee for a small business loan.

The eligibility criteria for business loans vary among lenders and can also differ based on the loan type. Generally, lenders reserve the lowest interest rates for applicants with higher credit scores. However, if your business doesn’t meet this requirement, online lenders may be more flexible with credit score requirements, offering potential alternatives. It is important to explore different lending options and consider online lenders that may be more lenient in their credit score assessments.