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Business Funding Center Reports & Reviews (1)

I received a letter with an official-looking check in the amount of $67,119.56 dated 2/27/15 from Business Funding Center signed by Sharon Kennedy. It was made out in my name and the company I am currently affiliated with under my name. According to the letter, they are promising funding for the business with no restrictions and say that approval is guaranteed. They also say that the funds are reserved until a certain date (approximately 6 weeks after the date on the check). They claim to offer a "unique" financing program and say they will guarantee approvals when others decline.



During my first phone call, I spoke with someone named either Scott or David. He calls his company “new wave funding,” and said my company needs to be doing $10,000 in monthly revenue in order to qualify for the loan. He told me he will need to see bank records to verify our gross sales. I said that isn't possible since the CEO passed away in December 2014, and I no longer have access to any records. He said he was sorry we can't qualify and hung up.



I called back to speak with someone else because I had the feeling they were not being honest -- after all, the letter states they will guarantee the funds! The second gentleman said we need to be making $8,000-10,000 in gross sales in order to qualify. He was condescending in how he spoke to me, as if he didn't think I understood finance or business. I have had my own company, so I had very little patience for his tactics. I told him that it felt as if they were doing a bait-and-switch and that I was going to report them. He said he would relay my dissatisfaction to their market manager, and I hung up.

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