ECP Business Capital Reports & Reviews (1)
ECP Business Capital Contacts
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SCAMPULSE
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SCAMPULSE
If you know any contact information for ECP Business Capital, help other victims by adding it!
Scammer's website ecplending.com
Scammer's email [email protected]
Country United States
Total money lost $45,000
Type of a scam Advance Fee Loan
However, they informed us that in order to qualify, we would first need to take a smaller loan of approximately $30,000 and repay nearly $50,000 over the course of 8 weeks. They claimed this was a necessary step to "establish a credit relationship" with them. We clearly communicated that we were not interested in this arrangement, as the repayment terms seemed extremely high—about $3,500 per week, or nearly $14,000 per month.
Despite our concerns, they insisted this was the only way to qualify for the line of credit we were requesting. Based on their assurances that the full line of credit would follow, we agreed. Unfortunately, once the 8-week period ended, they ceased all communication. They stopped responding to our phone calls and emails, and they are still debiting funds from our account.
Their actions appear to be deceptive and predatory. Based on our experience and similar reports we've come across, this seems to be part of a broader pattern of fraudulent behavior. We are reporting this in hopes of preventing other businesses from falling victim to similar tactics.
Please let us know if you have any questions or need further information. I can be reached by phone at (720) 339-3542 or via email at [email protected].