Exhibit 31.2

CERTIFICATION OF CHIEF
FINANCIAL OFFICER UNDER
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I,
Steven Kutcher, certify that:

1.
       I have reviewed this Amendment No. 1 to annual report on Form 10-KSB /A of CapSource Financial, Inc.;

2.
        Based on my knowledge, this annual report does not contain any untrue statement
                    of a material fact or omit to state a material fact necessary to make the
                    statements made, in light of the circumstances under which such statements were
                    made, not misleading with respect to the period covered by this annual report;

3.
        Based on my knowledge, the financial statements, and other financial
                    information included in this annual report, fairly present in all material
                    respects the financial condition, results of operations and cash flows of the
                    registrant as of, and for, the periods presented in this annual report;

4.
       The registrants other certifying officer and I are responsible for
                    establishing and maintaining disclosure controls and procedures (as defined in
                    Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

| | a)       

                     designed such disclosure controls and procedures to ensure that material
                    information relating to the registrant, including its consolidated subsidiaries,
                    is made known to us by others within those entities, particularly during the
                    period in which this annual report is being prepared;
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| | b)       
                    evaluated the effectiveness of the registrant's disclosure controls and
procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of
the end of the period covered by this quarterly report based on such evaluation; and
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | c)       
                    disclosed in this report any change
in the registrants internal control over financial reporting that occurred during the registrants most recent fiscal
quarter (the registrants fourth fiscal quarter in the case of an annual report) that has materially affected, or is
reasonably likely to materially affect, the registrants internal control over financial reporting;
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5.
       The registrants other certifying officer and I have disclosed, based on
                    our most recent evaluation, to the registrants auditors and the audit
                    committee of registrants board of directors (or persons performing the
                    equivalent functions):

| | a)       

                     all significant deficiencies in the design or operation of internal controls
                    which could adversely affect the registrants ability to record, process,
                    summarize and report financial data and have identified for the
                    registrants auditors any material weaknesses in internal controls; and
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | b)       

                     any fraud, whether or not material, that involves management or other employees
                    who have a significant role in the registrants internal controls; and
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

A
signed original of this written statement required by Section 302, or other document
authenticating, acknowledging, or otherwise adopting the signature that appears in typed
form within the electronic version of this written statement required by Section 302, has
been provided to CapSource Financial, Inc. and will be retained by CapSource Financial,
Inc. and furnished to the Securities and Exchange Commission or its staff upon request.

|DATE: January 17, 2007 | By: | /s/ Steven J. Kutcher                                          
|---------------------- | --- | ---------------------------------------------------------------
|                       |     |                                                                
|                       |     | Name: Steven J. Kutcher                                        
|                       |     | Vice President, Chief Financial andPrincipal Accounting Officer

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