Are you a lender or a broker?”
WPI Financial Services is a Loan Correspondent to MANY BANKS and is a SBA packager. WPI provides assistance to customers applying for loans to small businesses through Small Business Administration Loan Programs. This program is designed for businesses with debt capital needs of $250,000 to $5 million. Generally financing is through long-term loans made at a variable interest rate tied to the prime-lending rate.
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How much does your financing cost?”
It depends on your financing needs. For example, SBA loans have a variable interest rate based on the prime lending rate plus an interest-rate spread. They are generally priced at prime plus 2.75%. Our origination fee (points) on these loans never exceeds 2.25% of the loan amount. Other expenses include attorney fees, appraisal fees and environmental fees.
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How soon can you close a loan?”
The WPI Financial Services packaging program has been structured to offer fast and decisive credit approval. Typically we are able to provide a response within a week to 10 days after submitting a complete loan package.
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Who do I talk to about my financing situation?”
WPI Financial Services has representatives located in Connecticut and Florida who are available to discuss your financing needs. Click here to find the WPI Financial representative nearest you.
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How do I get started?”
It is as easy as completing our simple online application. This will provide us with the initial information we need to evaluate your financing needs. Or if you prefer we can mail you a complete Loan Application, click here to e-mail your request or call 1-877-974-6678. If you would like to talk to the WPI Financial representative nearest you - Contact Us.
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