Do you charge any fees that are deducted from the advance at funding?

Often, yes.

Example:

• Approved advance: $50,000
• Origination fee: $750
• PPSA fee: $75
• Net funds you receive: $50,000 – $750 – $75 = $49,175

You should receive a funding statementshowing:

• Gross advance
• Each fee
• Net amount wired to your account

This makes it easy to see exactly how much working capital you actually receive.