Before withdrawing a business loan, you’ll be asked to choose between two types of convenience fee: a Processing Fee or Subscription Fee.
Processing Fee would be best if you don’t plan to withdraw often, or if you are using your line as an emergency fund. You will be charged 1.99% of your business loan withdrawal amount, and will only be charged whenever you use your credit line.
Subscription Fee would be best if you expect to withdraw a new business loan from your line frequently. You would have unlimited withdrawals for the entirety of your credit line validity period. The fee will vary depending on your chosen frequency of subscription fee repayment: Annual (3.99% of line amount), Bi-Annual (4.8% of line amount), or Quarterly (6% of line amount).
