Thanks for your interest in HoneyBook Capital! Please note that at the moment, this feature is available to limited users, but that should change soon — keep checking back!
What fees do I have to pay with HoneyBook Capital?
What fees do I have to pay with HoneyBook Capital?
Unlike traditional loans, HoneyBook Capital charges a single, fixed fee that is disclosed before you accept the loan. This means you won't face periodic interest charges, prepayment penalties, hidden fees, or late fees.
Your fixed fee will be clearly specified in the loan terms, so review them carefully before acceptance. This fee represents the difference between your loan balance and the loan amount.
Here's an example of the fixed fee on a Capital loan
Loan Amount: $2,000
Fixed Fee: $300
Total Amount Owed: $2,300
What is my interest rate?
What is my interest rate?
There are no ongoing interest charges. Instead, the total borrowing cost of your loan is just one fixed fee. There are also no prepayment penalties, no hidden fees, and no late fees!
How is my fixed fee calculated?
How is my fixed fee calculated?
The fixed fee for your loan is based on your sales history, your loan amount, and the repayment percentage. The fee will be clearly noted in your loan terms, so make sure to review carefully before accepting!
Still have questions? Feel free to send us a message by clicking the Question Mark icon on any HoneyBook page. Our team is always happy to help!