Back in June 2012, I was told by Mr. Jack Wilson of Triangle Finance that I would qualify for a business loan for no less than 250,000. I expressed concern over my low FICO scores, but he assured me Triangle's network of lenders would be able to facilitate the loan. Being that my company was well organized (business plan, financial projections, etc) he advised me to rework the fiancials and quoted me an up-front price of $5200.00 to begin the process. Approximately 3 weeks went by and told me the market was soft, many lenders were sitting tight waiting for the election to pass. However, before going into an agreement with his firm, Mr. Wilson told me that I was "pre-approved" and implored the need for me to wire him the money so his lending network would see that we were serious.
Additionally, I was never turned down or pre-approved or sent a progress report. During the span of 10 months he has never reached out to me -- unless of course I initiated the contact. Bottom line is Mr. Wilson and his firm are not direct lenders nor is there discernable proof they have institutions that actually facilitate term loans or convertible debt loans. I feel Mr. Wilson lied about my company being pre-qualified - as he tells everyone this, and of course his contract absolves him of any wrong doing. The key is he takes up front money, makes promises through high pressure tactics, never advises whether you were turned down or approved. His business practices are very suspect. I am seeking a refund of $4500.00 less the work he did on my financial, which are no longer germane to my business forecast.