Capital Solutions Bancorp's Rates and Fees
When taking advantage of Capital Solutions Bancorp's financing services, there are three types of fees you will encounter: set-up fees, on-going fees and expenses. All of Capital Solutions' fees are among the lowest available. We have also created a fee calculator so you can get an even better sense of what your costs might be.
Your Financing Service Options
Whether you require Accounts Receivable Financing or Purchase Order Financing, we will discuss with you the range of fees listed below in greater detail. For example, we will discuss such things as whether the operation is domestic or international, 'one time' as opposed to ongoing, risk of returns, etc.
The variables for Purchase Order Financing are too many to cover here. Contact us to discuss these variables with you. What follows is a description of fees for Accounts Receivable Financing.
Initial set-up expenses
Every client costs Capital Solutions some money to set up. Those costs include preparing and filing UCC-1 forms, courier and other initial expenses. We pass these costs onto you with absolutely no mark-up. The cost we pay is the cost you pay.
These fees rarely exceed $250 and you will only incur them one-time-when we set-up your account.
Additionally, we assess a separate $350 one-time initiation fee to open an account with Capital Solutions. The initiation fee is fully refundable when you decide it is time to end your relationship with Capital Solutions. All you need do is ask.
Best of all, you do not have to write a check to us to get started. We will let you hold on to your cash and simply deduct an amount from the first invoice we fund to you.
On-going Fees
Capital Solutions charges fees from 2.45% to 2.95% per month for most of the services we offer. In other words, if we agree to fund $50,000 in invoices in one month, we will take a fee of between $1,225 and $1,475 for our services and for our risk.
Your final rate will be determined by the following factors:
- How many active customers do you have and how evenly is your business spread amongst them.
- Credit ratings of your customers
- Possibilities of returns - services are generally never returned but goods often are.
- The value of the invoices you want us to fund. The more money you want funded, the lower the rate in many cases.
- Average amount of an individual invoice.
- Your business experience and history.
- How well sales are documented for verification purposes.
We do not charge any other ongoing fees like line fees, monthly maintenance fees or line renewal fees. With our fee calculator, you can see how our fees will impact your bottom line.
Miscellaneous Expenses
We will, from time to time, incur expenses as part of our work with you and will ask you reimburse us for them. These expenses may include wire transfer fees, FedEx charges and the like. We bill you for these expenses at our cost and do not make any extra money from these charges.
If you agree with us that our rates and fees are among the most reasonable in the industry, then get started using one or more of our services designed to help your business grow. Contact us now for more information about financing or to learn about the costs of any of the services that Capital Solutions can provide to your business.
