Indicative
Ref: WCG-TS-UNSECURED-BUSINESS
Indicative Term Sheet
Unsecured Business Loan
| Borrower | [Operating Co.], a limited liability company |
|---|---|
| Lender / Arranger | Westford Capital Group |
| Facility | Unsecured Business Loan |
| Facility amount | Up to USD 1,000,000 |
| Tenor | Up to 60 months |
| Pricing | Fixed 12.9% p.a. (indicative) |
| Fees | Arrangement 1.0%; no prepayment fee after month 6 |
| Security | Unsecured; negative pledge and financial covenants (DSCR ≥ 1.25x) |
| Repayment | Equal monthly instalments of principal and interest |
| Conditions precedent | Satisfactory KYC; 12 months of bank statements; Board resolution |
| 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.