• Report: #1032359

Complaint Review: GCR CAPITAL COMMERCIAL FINANCING

  • Submitted: Mon, November 03, 2003
  • Updated: Mon, February 20, 2006

  • Reported By:Troy Missouri
GCR CAPITAL COMMERCIAL FINANCING
200 9th Ave N., Ste. 130 Safety Harbor, Florida U.S.A.
  • Phone: 877-735-1584
  • Web:
  • Category: Loans

GCR CAPITAL COMMERCIAL FINANCING WHAT A SCAM! WHAT A RIPOFF! Safety Harbor Florida Safety Harbor Florida

*UPDATE Employee: In Response to Allegations Against Our Company

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I have had a home-based business doing daycare for many years. We recently moved to a new location, so I needed financing to rebuild my daycare in our new home. I needed money for a new playground set, and to finish my basement to make it into the playroom. I had lost all these things when we sold our old house, so I needed to replace it all, and start over.

Upon talking to Jeff Inman since, possibly, May, he assured me that I was approved for a loan, and that there was a $15,000 check on his desk for me. He told me that I had to send a check to him for roughly $1,500 to get started, and that I just needed a vendor. I sent the check, STUPID ME! I found a vendor who would work with me, in August. The vendor felt very leary, but said he would help ME. Jeff told me to allow the vendor to come in and set up the playground equipment, and that he would mail him a check that day, and I would get money to finish my basement with. DID THAT HAPPEN? NO!!!!

All of a sudden, Jeff told me that there were things that appeared on my credit report, after the equipment was put in, and that we needed to ride it out until it got cleared up. What a lie! They took my money, lead the vendor and me on, and let it go. Miraculously, Jeff Inman is no longer with the company, and we are stuck.

My warning is to everyone who needs a business loan. DO NOT GO WITH GCR CAPITAL COMMERCIAL FINANCE! They will take your down payment for the loan, and never give you the loan. You will be out that money, unless there is something done about it. I will do all I can to tell my story to everyone who is looking for business loans. GCR CAPITAL IS A FRAUDULENT COMPANY, AND THEY RIP PEOPLE OFF!

It really disgusts me how this company who claims that they will do all they can to help someone build their business up, and they do nothing but take advantage of that person.

TOTALLY UNHAPPY CLIENT

Lori
Troy, Missouri
U.S.A.

This report was posted on Ripoff Report on 11/03/2003 05:01 AM and is a permanent record located here: http://www.ripoffreport.com/r/GCR-CAPITAL-COMMERCIAL-FINANCING/Safety-Harbor-Florida-34695/GCR-CAPITAL-COMMERCIAL-FINANCING-WHAT-A-SCAM-WHAT-A-RIPOFF-Safety-Harbor-Florida-Safety-1032359. 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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Updates & Rebuttals

#1 UPDATE Employee

In Response to Allegations Against Our Company

AUTHOR: Nicole - (U.S.A.)

GCR Capital receives sometimes as many 400 applications a month and last year alone funded almost 10 million dollars in applications for businesses across the country.

Although it is unpleasant to hear that some clients are unhappy with our company, obviously many more are extremely pleased with our services based on the amount of transactions we receive and fund.

We pride ourselves in working with several niche groups; once such group includes harder to fund transactions, who typically have less than average credit or time in business. Unfortunately these individuals also seem to be less likely to understand typical parameters or pratfalls of a business financing transaction and take normal problems extremely personally. Often we find misunderstandings ensue purely because someone did not take the time to read their contracts, or pass them to a qualified person for review if they did not understand them.

We do not believe we are exempt from mistakes and try extremely hard to make things right if that happens. However, we also deal with many problems from our clients that create hurdles that we try to work with. Leaving off the names of guarantors with bad credit, overestimation of time in business, wanting money for other than the reason stated, are typical things we see every day. The list could go on and on, but suffice it to say that each client believes that when they are doing something, that they are right in doing or feeling the way they do about the situation, and often their re-telling of the story is not exactly the way the notes in the files describe the situation. Belaboring this point can become a he-said, she said which rarely has value for either side. Typically we find it best to act within the parameters of the contract they signed in resolution, which may or may not make that client happy with the situation. As a small example, we have people who are unhappy when a refund does not include the processing fees; almost every leasing company, bank or financial institution charges a non-refundable processing fee. This is hardly unusual, or cause to believe that we are in some way unethical, and is very clear on our documentation.

My hope is that your readership realizes that there are two sides to every story. It is very difficult to see one's name in print citing a something negative, however experience has taught us that not every one will be happy, but we take pride in knowing that the list of happy clients far, far, exceeds those that feel they had a bad experience.

Sincerely,

Judy DiVincenzo, the Board of Directors, and the Staff of GCR Capital
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