If you’re considering finance for your business, we’d like you to be aware of the fees that could be charged. Fees are associated with the set up and management of your business finance accounts.
Business Loan
|
Amount Borrowed |
Processing Fee |
Origination Fee |
Monthly Service Fee |
| Up to £9,999 | £249 | Up to 6% | £24.90 |
| £10,000 – £19,999 | £349 | Up to 6% | £24.90 |
| £20,000 – £49,999 | £449 | Up to 6% | £24.90 |
| £50,000 – £79,499 | £549 | Up to 6% | £24.90 |
| £75,000 – £99,999 | £649 | Up to 6% | £24.90 |
| £100,000 plus | £749 | Up to 6% | £24.90 |
Monthly Service Fees will be charge on a pro-rata basis either daily or weekly dependent on the type of loan.
Merchant Cash Advance
|
Amount Borrowed |
Processing Fee |
Origination Fee |
Monthly Cashplus fee (if applicable) |
| Up to £9,999 | £249 | Up to 6% | £25 |
| £10,000 – £19,999 | £349 | Up to 6% | £25 |
| £20,000 – £49,999 | £449 | Up to 6% | £25 |
| £50,000 – £79,499 | £549 | Up to 6% | £25 |
| £75,000 – £99,999 | £649 | Up to 6% | £25 |
| £100,000 plus | £749 | Up to 6% | £25 |
