Posted by IMI on 2010-03-23
I Have worked with WTI for over five years on multiple fundings, and find them to be very professional and knowledgable. Their willingness to be flexible and ride the ups and downs of the market with the company has been an asset. Our partner is Jay Cohen. Jay listens, asks good questions and gets back to the company quickly with decisions. The funding process and back office staff make it painless for the finance group. Overall, a great company to work with and given equal pricing on deals, I would recommend WTI over the others.PRIVATE: Members Only
Posted by Unimatrix001 on 2010-03-12
In 2007, we solicited proposals from multiple venture debt firms. WTI was responsive, straightforward to deal with and negotiated terms in a two week period of time. Diligence was also straightforward. They had higher warrant coverage than some, but most importantly, they had no cash covenant. When we needed to suspend principle repayment for a period of time in 2008, WTI was again responsive. They stood by us. The restructure was complete in about two weeks. We have repaid the debt fully and early. Relationships never got tense -- they were straight, fair, tough. Excellent partners.
Maurice Werdegar in particular is terrific. He understands his business thoroughly AND understands the cycles of venture backed companies. I’d definitely go back to WTI again. Highest recommendation.PRIVATE: Members Only
Posted by Muckraker on 2008-01-25
Maruice is a Great Guy with deep pockets for Venture Lending. Western Technology is a very stable and reliable lending firm. They are not the cheapest lenders but they are great to work with and they will stick with you when the going gets rough. I have received more than one loan from them and it always was a great experience. The worst thing you can do is align your company up with a lender that is unstable. Western is rock solid stable.PRIVATE: Members Only