Financial Services Rates & Fees

 

Short Term Loans

Negotiation Fees Bands

In special cases where loans over $25,000.00 are granted for a 360 day period, a fixed negotiation fee of $1,500.00 will be applied every 90 days to cover the extended risk.

Loan Bands 1 - 30 Days 31 - 60 Days 61 - 90 Days
$500 - 999 $60.00 $75.00 $90.00
$1,000 - 2,499 $115.00 $145.00 $175.00
$2,500 - 4,999 $165.00 $210.00 $250.00
$5,000 - 9,999 $270.00 $340.00 $405.00
$10,000 - 14,999 $375.00 $470.00 $565.00
$15,000 - 19,999 $480.00 $600.00 $720.00
$20,000 - 25,000 $560.00 $700.00 $840.00

Interest Rate

Up 30 Days Up 60 Days Up 90 Days
Effective Interest Rate 2.712% 5.425% 8.137%

Lease Financing

Maximum Amount Maximum Term Monthly Rate
$ 10,000.00 2 Years Will be determined

Factoring of Receivables

Maximum Amount Maximum Term Discounted Rate
$ 25,000.00 3 Months Will be determined

Mortgage Broker Services

Mortgage Amount Broker Fee Minimum
$100,000 - 250,000 1% or $1,500.00
$250,001 - 500,000 ¾ of 1%
$500,001 - 1,000,000 ½ of 1%
$1,000,000 and over ¼ of 1%

Strategic Business Plans

Hourly Rate 5 - 10 Hours 10 - 20 Hours Over 20 Hours
$ 400.00 $ 3,500.00 $ 6,000.00 $ 10,000.00

Credit Proposals

Hourly Rate 5 - 10 Hours 10 - 20 Hours Over 20 Hours
$ 300.00 $ 2,500.00 $ 4,000.00 $ 7,500.00

Management of Project Funds

Funds Managed Up 6 Months Up 12 Months Over A Year
$100,000 - 1,000,000 10% 12.5% 15%
$1,000,000 - 2,000,000 12.5% 15% 20%

All rates and fees quoted above are effective from September 1, 2011. Management of WETA FINANCE INC. reserves the right to amend its rates and fees as market conditions change or new Governmental policies dictate.