The loan amount can be as low as USD 25 million and as high as half a billion USD. This is purely an indicator and not a rigid scale; loan amounts would be judged on case-to-case basis.
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.
We provide senior debts only. Since our rates and processes are one of the most competitive and innovative, we expect our clients to have only WGA as its lending party and back it up with exclusivity contracts.
In case of any previous or existing loans from other parties, WGA will help you to swap these loans at a much more competitive rate.
Yes, we do provide funding against real estate security.
WGA does not have a select list of specific industries that it is particularly interested in. Our interests are varied and diversified. Please find more information about this on our home page .
WGA is not a commission agent, as we do not believe in taking undue advantage of your necessity. We are investors and our asset management service or activity is clearly limited solely to our shareholders .
Following the Sanction Letter, the loan will be registered in two weeks time, in the Holland.
WGA has a well-structured registration process to make it a legally enforceable debt.
The process involves marking lien on assets of the borrower under the jurisdiction of Holland.
Its HQ in Holland, therefore it prefers registering the loan in Holland.
As with any lending institution, WGA follows a standard due diligence process.
We require 6 weeks to achieve results, as most of the companies are located overseas.
We check for any record of personal defaults, corporate defaults, bankruptcy proceedings, administrative proceedings or any anti-social activity that the applicant may be involved with.
This assessment is a standard requirement of our corporate policy and its objective is to understand your position in order to serve you better.
Due to a non-disclosure agreement with which we are bound to our clients, we cannot reveal our borrowers. This is in the best interest of our clients, to protect their privacy. Under WGAâ€™s terms of confidentiality, we will not discuss any of our past, present or future clients.
We welcome clients to conduct due diligence on WGA as well as take legal opinion of experts before applying.
If both the parties are prima-facie satisfied with each other, an engagement agreement, mutual non-disclosure agreement and authorization letter to conduct due diligence are signed. It can take 14 to 16 weeks from this point to get the loan drawn down.
However, in some cases the time period maybe much shorter if all procedures are straightforward. Contrarily, in case of legal or geographical complications, the time period may extend to more than 16 weeks.
Loans are provided in US Dollars, Euros and Pounds. Preferably, in US Dollars and Pounds.
Yes, we can organize hedging against currency fluctuations if you wish.
Besides collateral security, we accept personal guarantees of the promoters of the company.
Please call WGAâ€™s help desk to discuss this in person. There are no standard rules of compensation for mediators or brokers and it will be judged on case-to-case basis.
WGA believes in providing innovative financing solutions. This means doing things differently so as to not burden our borrowers with heavy interest rates. We understand the pressure that is already on todayâ€™s businesses and industries. Conventional banks and financing institutions are not helping the situation with their cumbersome loan policies and a pathetic attitude to the borrowerâ€™s plight.
This is primarily due to their rigid approach to funding, which does not consider the human factor and stresses more on punishing the defaulters rather than helping them to avoid defaulting.
WGA provides direct funding to the borrowers without any intermediaries in the process. Unlike banks and financing institutions, we are not encumbered by heavy infrastructural overheads. We are therefore able to provide funds at much lower interest rates. Our philosophy is to manage the funds of our shareholders and invest in deserving needs such as maybe yours.
WGA would not invest in industries related to gambling and alcohol.
WGA cannot define or set up standard steps. Our decisions will depend on the due diligence and feasibility study report.
Yes. This arrangement will depend on your repayment structure. Prompt borrowers will be considered favourably.
WGA practices standard policies of approval and rejection of applications as in the financing and lending industry.
Any history of defaults or important facts relevant to the loan process that can influence the decision making and which is not disclosed by the applicant will be valid grounds of rejection.