What kind of loans does WMEF make?
WMEF provides direct loans to businesses and nonprofit organizations that cannot obtain sufficient financing from banks or other lending sources. Loans typically have a term structure with monthly payments of principal and interest which repays the entire loan in 5 years or less. We can provide different payment structures which are appropriate to the specific financing need, and can include interest only periods, and draw down periods for longer term projects, but we do not provide long term financing (10 years or more) and we typically do not provide a monthly payment amount which results in a balance at the loan’s maturity. We also provide financing through different programs tailored to specific business niches, locations, or organizational needs.
