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There are no fees for submitting your Borrower Application to our lender database. You only pay Privex.com a success fee if you ultimately accept on offer for, and actually receive, financing and are funded by the lender of your choice. This success fee is one-half percent (0.5%) to one percent (1%) of the loan amount. Specifically, it is 0.5% for funded loans on commercial real estate property, 0.75% on other funded commercial/business loans or lines of credit (excluding equipment loans or leases) and 1% on funded equipment loans or leases. In order to avoid smaller non-qualified users from using Privex.com we have established a minimum success fee for this and any service of $12,500. |
