I would say that the setup fee you’re referencing is not industry standard. Every PO financing company is different, but typically there are no fees to process a transaction. You’ll just be charged a fee starting when the lender delivers payment to your distributor. There certainly shouldn’t be any fees for them to approve you to process transactions, since you haven’t received any benefit at that point. The company you’re looking into might say they fund purchase orders, but they might actually not be a straight purchase order financing company. I would look into our recommended list of PO financing lenders before signing anything. Good luck!