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Nobody funds businesses for free, and anyone who implies otherwise is hiding the cost somewhere. Here's exactly where ours comes from.
And the list of things we don't charge: no application fee, no fee to receive a quote, no charge for checking eligibility, no fee for placing a specialised product such as equipment financing, purchase order financing or invoice factoring with one of our direct lending partners, and no prepayment fee — paying early never costs more than paying on schedule. Early payoff is structured deal by deal rather than by a standard schedule: some agreements forgive all of the remaining cost, some half of it, some carry a custom prepayment step-down, on some renewals the outstanding balance is forgiven, and some carry no saving, so paying early settles the full remaining balance. Whichever applies to yours is set out in writing before you sign.
It's also why we'll tell you when a cheaper structure fits. If your profile qualifies for a term product instead of an advance, pushing you into the expensive option would earn more this quarter and cost us the relationship. We'd rather have the relationship.