• Report: #492900

Complaint Review: Small Business Funding

  • Submitted: Thu, September 10, 2009
  • Updated: Thu, September 10, 2009

  • Reported By: J — Pearl City Hawaii USA
Small Business Funding
5642 S. Eastern Ave. Suite G Las Vegas, Nevada United States of America

Small Business Funding is Scaming under a new name:Small Business Funding Services INC SBF has surfaced under a new name and is contacting old clients to work their scam. Las Vegas, Nevada

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 I was recently contacted by Small Business Funding Services Inc. The caller identified herself as Monica and wanted to give me an updated phone number for future contact. The number was 800-763-7056.


Since it had been more that a year since I had contacted SBF, I had completely written these people off to a painful learning experience. But I was curious so I asked Monica why would I want to call? Oh! to check up on the status of your grant of course Well then Monica why dont you give me that status report now?


Monica said please hold and happily transferred my call to a Mr. Mark Davis. By this time I am enjoying this ordeal only because the $3500 I spent foolishly was a long lost memory and I just couldnt wait to see where this was all going.


Mr. Davis was of course very serious. I think probably because, in his business career, he cut his teeth as a closer for a used car dealership. To my total surprise he informed me that the reason for the call was that my grant for $250,000 had been funded. I thought the reason for the call was for future contact to check up but then who am I to complain about such little details.


Here comes the best part. The foundation was ready to fund but Mr. Davis informed me that there was a stipulation. Imagine that, a stipulation. So, Mark what stipulation I asked. Well he said, the foundation has requested and put in place a Stipulation Order


So Mark, what exactly are the stipulations I asked? Marked explained in great detail what was needed. Some of it so involved I didnt even understand let alone know how I would possibly get it done. Now at by this time I was feeling like a hungry sea bass ready to swallow his bait.


So I asked my friend Mark what do we do now, how do we proceed? He said not to worry that they are more that qualified to take care of everything. All I need to do is send in the check for $4500.00 and my grant will be in the mail. GULP! There went the hook line and sinker.


So I asked mark to go ahead and email me back all of the details on the new company (SBF Services Inc) and the Stipulation Order.  At the end I have included their return letters and stipulation order.


I told Mark I would be happy to look the information over and get back to him the next day. Oh, and by the way Mark, what is the name of the Foundation that is interested in my project?


Marked informed me that he was very sorry but that was proprietary information he could not divulge. Silly me, what was I thinking. He then said if I wanted to prepare all of the Stipulation

Order my self he would be happy to pass it along to the foundation. RIGHT


When I spoke to Mark the next day (he called me twice) I told him that I understand why the Foundation needs to verify the validity of my business plan and who I am  just as he should understand why I need to verify who they are.


Thats when I saw Mark at his professional best. I am completely convinced his response was a result of his previous business experience.  Mark responded indignantly Well, if I didnt want the money he would fine some one who did and hung up the phone.




See their info below.





Small Business Funding Services, Inc

5642 S. Eastern Ave, Suite G

Las Vegas, NV. 89119

Toll Free 1-800-763-7056  Facsimile (702) 476-3209


Small Business Funding Inc. was incorporated in June of 2006 as a grant research and grant writing services company.  The company enrolled thousands of clients most of which were adequately serviced in the first two years of business.  In June of 2009, Small Business Funding ceased operations and released all their grant consultants and grant writers from their employment.  At the time of the closure, Griselda Bausch was the President of Small Business Funding Company.

In June of 2009, Small Business Funding Services, Inc. was formed and purchased some of the assets of Small Business Funding Company Inc.  It is important to understand, Small Business Funding Services Inc. did not purchase any of the outstanding liabilities incurred by Small Business Funding Company, Inc.  In essence, Small Business Funding Services did not purchase the Corporation of Small Business Funding Company, Inc. nor did Small Business Funding Services, Inc. agree to assume any of the outstanding liabilities associated with Small Business Funding Company Inc., its officers, shareholders, employees and clients.

Small Business Funding Services, Inc. is proud to welcome Kelly Montgomery as its new President and Chief Operating Officer.  With his vast experience in the grant writing industry and determination to serve the best interest of the clients, Mr. Montgomery hopes to deliver the original services contracted between the clients and Small Business Funding Services.  Small Business Funding Services will enjoy great success under his watchful eye.

While Small Business Funding Services will strive to provide quality services for its new clients as well as assist the past clients of Small Business Funding Company in pursuing their funding needs.  It is important to stress that in no way does Small Business Funding Services accept any responsibility or liability for the actions or inactions of Small Business Funding, its employees, its officers, or its directors.  Small Business Funding Services is simply stepping in and providing services for clients that were under contract with Small Business Funding Company in the hope of satisfying the client and establishing good will within the industry.

Small Business Funding Services looks forward to working with each individual client and ensuring that services are delivered in a timely and professional manner.


The Entire Dedicated Staff of Small Business Funding Services, Inc











Small Business Funding Services, Inc

5642 S. Eastern Ave, Suite G

Las Vegas, NV. 89119

Toll Free 1-800-763-7056  Facsimile (702) 476-3209






Stipulation Order

1)      Advisor and Adjuster on the account

2)      Supplementary Documentation

3)      Consumer/Community impact study

4)      Professional business plan

Advisor and Adjuster:  The foundation will appoint an official advisor and adjuster on the grant to monitor the allocation of funds. This advisor works with you, to insure that you are in compliance with the guidelines of the foundation. There will be mandatory quarterly meetings, in person, to review the books.

Supplementary Documentation:  This is a 200 to 400 page report proving that you are who you claim to be. (Examples: you are a U.S. Citizen, you are current on your taxes, you have an established business and many other aspects that relate to your business growing from grant funding).  It must be written professionally and eloquently. It must be leather bound and laminated. Additionally, there must be one master copy for the grant administrator and fifteen reproductions for the foundation board members.

Consumer/Community Impact Study:  This is a vast research through extensive technology of the community demographic, census counts, and geographic studies. (Example: who is moving and/or out of the community, employment creation, etc.)

Professional Business Plan:  This shows the allocation of every dollar of the grant to the project.


If you have any questions, please contact:

Mark Davis
Small Business Funding Services, Inc.
800-763-7056 ext. 228

This report was posted on Ripoff Report on 09/10/2009 01:55 PM and is a permanent record located here: http://www.ripoffreport.com/r/Small-Business-Funding/Las-Vegas-Nevada-89119/Small-Business-Funding-is-Scaming-under-a-new-nameSmall-Business-Funding-Services-INC-SB-492900. 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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