ED Magedson – Founder
Capital Partners, L.L.C101 N. Main Ave., Suite 215 Sioux Falls, South Dakota United States of America
Was going to purchase equipment from a company online and they advertised low interest loan. I work for a construction company in Oklahoma and sent this company all details to ready the loan. When the paperwork was faxed, it was NOT a loan -
it was a lease agreement which showed no pay off and the interest was at 27% if after 60 months the equipment was paid.
I contacted my employeer as this company is operating out of Burbank, CA with Ram Tire across from the UHaul company. They also have offices in Utah. They sent me references and I could not get any return on their information.
This report was posted on Ripoff Report on 12/09/2009 12:56 PM and is a permanent record located here: http://www.ripoffreport.com/r/Capital-Partners-LLC/Sioux-Falls-South-Dakota-57104/Capital-Partners-LLC-Financial-Pacific-Leasing-LLC-Advertised-a-loan-but-sent-a-lease-536608. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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