What are the main terms of the loan, interest rate, security, LTV ratio?
The main terms of the loan are related to the viability of the business proposal as well as the due diligence conducted by WGA. We seek to ensure that the income and profit generation of the client would adequately satisfy our loan repayment. Depending on the geographical area as well as other criteria, the interest rate would be 5-7%. We would require collateral security of assets just like any other standard funding institute. Our standard of evaluating assets is quite competitive. The LTV ratio would be 80%. However, this is just an indicative figure and WGA can go up to 110-120% LTV.
