Financing the Future of Your Business

How can Wimberly Funding help me obtain funding?

Wimberly Funding are experienced independent Commercial Mortgage Brokers, Business Loan Brokers, Private Money Brokers, Hard Money Brokers, Bridge Loan Brokers, and Stock Loan Brokers. We have lenders and funding sources who have been in the commercial finance space for decades and if your deal can be funded they will get it done or tell you why it cannot be done.

Will I have to pay Wimberly Funding any type of upfront fee before they analyze  my deal or project?

No – we will analyze your deal or project free of charge and recommend which loan product and type of lender would be best suited for your particular request.

What documents do I need to get Wimberly Funding to get the process started?

Initially, all we need is a complete Commercial Loan Application,  Business Loan Application, Stock Loan Application or Executive Summary on your loan or project, once Wimberly Funding and the Lenders review the Loan Application or Executive Summary and if they like the deal they will then ask for additional supporting documents. The document request may be extensive, that will be determine by the type of loan you are requesting, the loan amount and property type….lenders are going to make sure their investment is sound and they will do their due diligence.

What is the minimum loan amount and the maximum loan amount?

The minimum loan amount is 1M dollars in the USA. The minimum loan Internationally is 5M dollars. There is no maximum.

Will I have to pay any type of upfront fees before I can get funding?

No, if you are applying for any type of Commercial Loan, Private Money Loan, Bridge Loan or Hard Money loan there  will be third – party costs, such as appraisals report, environmental reports – phase one or two,  surveyor fees, a full investment grade business plan,  certified financial projections / forecasts, independent 3rd party market and feasibility study,   engineering report, etc., you will have to pay these fees directly to the vendors as they come due. For business loans and stock loans there are no third-party costs, those are simple straight forward business transactions - everyone gets paid at closing.

What are the rates and terms I can expect to receive from the lenders?

The rates and terms will be determined by the loan product, property location, the property type, the current conditions of the financial markets and most importantly the client’s financial profile – personal & professional.

What is the turnaround time for getting my deal or project from the initial application to closing and funding?

The turnaround time for most stock loans and business loans is 14 to 21 days – for most commercial loans, hard money , bridge loans, debt & equity, and private money loans it is 21 to 60 days. The “Borrower” is actually, the determining factor on how quick and efficient their loan will close, if all supporting documents requests, are supplied on time, and all third-party costs are paid on time the closing will be efficient and can close pretty quickly. The next step is to email us one of our completed loan applications or an executive summary of your project. All of our loan applications are located in the forms section and a copy of an executive summary is located in the resource section.

Please email to loans@wimberlyfunding.com

Can my shares remain in the institution they are currently in?

No...Should there be a default, the Lender / Investor would not have any control over the collateral shares…the best solution is to have the shares in an account the Lender / Investor controls.

Will you or your institution be trading my shares once I transfer them?

The Lender / Investor will likely trade the shares and reserve the right to manage the collateral as they see fit. Our Lender / Investors will discuss this in full detail with the client.

When the client’s shares of stocks are used as collateral for a stock loan the Lender / Investor may perform “hedging techniques,” this is done to help mitigate the risks. What do “hedging” mean?

The Lender / Investor will use the most effective method of managing the collateral to minimize risk. This will be discussed in full detail with the client.

How much can I borrow against my stocks, bonds, or financial instruments?

The loan to value ratio (LTV) varies depending on the intrinsic quality of the securities, (stock), bond or financial instrument. LTVs are calculated based on evaluation of the potential risk and future performance associated with the stock. The loan to value is 45% to 80%. Each loan’s LTV is evaluated on a case – by – case basis.

What is the difference between changing titles and not changing titles for a stock loan?

Titling the collateral shares is up to the client – as both options are available. There is no difference whether the title is transferred or whether the shares stay in an account in the client’s name at the Lender / Investor, Brokerage / Institution account. The collateral shares will be under the control of the Lender / Investor. No – change – of – title is different…this requires that an account be opened at the Lender / Investor Brokerage Institution and approved by Compliance….this may take a week or longer to set up.

What are my risks – to my shares and to me personally?

The Lender / Investor may go out of business or become insolvent. If this happens, they will not be able to transfer the shares back to the borrower – the borrower will still have received up to 80% of the value of the stock up front. This means the client will lose the other 20% value of the shares – or the loan may go into default (either from a drop in price or a contractual default) – the result will be the same – the client will have received up to 80% of the value up – front and will lose the other 20% with the default.

What is a non – recourse stock loan?

Non – recourse stock loan is a loan against the value of a stock whereby the shareholder can borrow against a percentage of the stocks market value, at a low interest rate for the term of the loan. At maturity, the loan can be paid off in full or refinanced (provided no default has occurred) and the Borrower will receive back the same number of shares. Alternatively, if the stock price has fallen below the LTV amount, the borrower can simply walk away from the loan without any further consequences or recourse.

How are the loans funded?

Most loans are funded on a DVP (Delivery VS. Payment) basis, which varies from market to market. Both parties coordinate a delivery date with their respective brokerage firms or securities houses to fund the loan. The stock is transferred to the Lenders account simultaneously to the loan funds being transferred to the borrower’s account. Block Trades are different where a Stock Purchase Agreement and Escrow Company are involved. The pre – determined price is determined beforehand and on the escrow instructions.

Once I pay off my loan, even if I pay the loan off early, how quickly can I move the shares out of the lender’s brokerage / institution?

Once the loan has been paid back according to the agreement the shares are returned within 10 days.

What types of securities can be used?

Securities must be freely traded, unrestricted and in electronic form – unrestricted loans can be used for collateral on certain foreign exchanges.

What is the minimum liquidity required for a stock to qualify for a loan?

Liquidity is relative to the size of the security as the block of stock. The loan will be divided into several tranches, each tranche not to exceed 3 – 10 days average volume.

What are the costs involved with the loan programs?

There are no hidden costs such as application fees, appraisal fees, or any other upfront costs. If a broker or intermediary is involved any fees due can be paid at the time of funding from the loan proceeds.

Why Work with Wimberly Funding?

Our lenders will collaborate with borrowers to structure capital that will fit their investment goals and guidelines. They understand the complexity in today’s markets and provide solutions to help navigate all horizons. Their most common product provides short-term financing for customers that have a special project or need. A small firm might need working capital to fulfill a large order; our Lenders can help and close that transaction in days versus months or weeks. Our lender analysts will evaluate your collateral and make a decision in hours.

What is your Minimum and Maximum loan amount?

The minimum loan amount is $1,000,000.00 USD, $2,000,000.00 all other countries, the maximum loan amount is $500 million USD.

How do I start the process?

The first order of business is to fill out one of our Stock Loan Applications…we will email one upon request.

How long does the loan process take to close?

Loans can close in 10 - 14 days depending on the speed at which the borrower processes the paperwork.

What are the interest Charges and how are they paid?

Currently interest rates range from 3.75% - 12% depending on the liquidity and risk involved and are generally paid quarterly, semi – annually or a balloon payment however other payment options are available.

Do Wimberly Funding just broker stock loan deals in the USA?

No, our lenders and funding sources have a broad network of funding sources that have offices in almost every major city or capital, and they do business on the following top 30 exchanges.

What Exchanges Does Your Lenders Lend On?

Wimberly Funding lenders are on over 80 plus Stock Exchanges in the world. They can lend to the majority of the globe and have the largest lending range and capacity in the world.