Areas Served
Maryland
Virginia
Washington D.C.
Office Locations 2021 Rhode Island Ave, NE, Washington D.C. 20018
Contact Email info@wacif.org
Website https://wacif.org
Wacif is a mission-driven nonprofit small business lender and technical assistance provider serving the greater Washington D.C. metro area. Their mission is to increase equity and economic opportunity in underserved communities in Washington D.C. by investing knowledge, social, and financial capital in low- and moderate-income entrepreneurs.
Lending Focus
More information coming soon.Loans At A Glance
Loan Amounts Provided
Loans up to $150,000
Eligibility Criteria
- Require three years in business
- Personal guarantees of key owners required
- No minimum credit score
Fees
- $150 application fee
- 3% commitment and servicing fee
Loan Types
- Term loans up to 72 months for working capital, equipment, inventory, and contracts
- Line of credit for contracts with terms up to 12 months
- Real estate loans: up to 20 years
Client Success Story
“Wacif has not only provided financial assistance to help our small business grow, but they have gone above and beyond by serving as business mentors and cheerleaders.”
– Veronica Davis, Nspiregreen