Indicative
Ref: WCG-TS-CAMPAIGN-FINANCE
Indicative Term Sheet
Campaign Finance
| Borrower | [Campaign Committee / Company / Foundation] |
|---|---|
| Lender / Arranger | Westford Capital Group |
| Facility | Campaign Finance |
| Facility amount | Up to USD 2,000,000 |
| Tenor | 18 months |
| Pricing | Fixed 11.9% p.a. (indicative) |
| Fees | Arrangement 1.5% |
| Security | Assignment of pledges, sponsorship and contract receivables; no property security |
| Repayment | Cash sweep from collection account; bullet at maturity |
| Conditions precedent | Verified pledge or sponsor schedule; Compliance opinion; Collection account opened |
| Governing law | State of North Carolina, USA (or as agreed) |
| Validity | 30 days from date of issue |
This indicative term sheet is non-binding and subject to due diligence, credit approval and definitive documentation.