You only pay when you access funding and you only pay for what you borrow. We do not charge and fees against total receivables outstanding. We do not charge an application fees or minimum monthly fees.
- Drawdown fee is a % charged against the amount drawn and taken out of the drawdown amount. Ranges from 0.75% - 2%
- Interest rate is charged against the daily outstanding loan balance. Ranges from 1 - 2% per 30 days
Loan balance = $100,000 for 30 days
Drawdown Fee = 1.5%
Interest Rate = 1.2% per 30 days
Drawdown Fee: $100,000 x 1.5% = $1500 upfront
Interest Rate: $100,000 x 1.2% / 30 x 30 days = $1200
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