ED Magedson – Founder
Capital Alliance1950 E. 17th St – 3rd Floor Santa Ana, California USA
Capital Alliance Capital Alliance Group Business Loan Working Capital SCAM Santa Ana California
Greg Baker from Capital Alliance contacted my business on 7/18/2013 - he offered to find us $50,000 loan and that we were "pre-approved". He called me from (408) 636-1555. I initialy ignored him but he was very eager and called about 2 times per day.
He sounded legit - he would offer us not $50,000 - but $27,000 towards the purchase of some new equipment for our facility opening in Chicago. All we needed to do was pay a $295 processing fee and then they would draft via ACH withdrawl $251 per day from our account every business day for 6 months. this is a pretty high interest loan - but our lines of credit are quite full at the moment and our cash flow is good enough to afford the interest.
Well, Greg Baker and Capital Alliance is total scam. they have no loans and no "preferred lenders". Upon getting our application and details - they charged the "application fee". [continued below]....
Its a total scam - the only thing they want is the application fee of $295. You give them your bank info as part of the app - and kiss it goodbye...
Watchout for these guys and RUN if they call you!
This report was posted on Ripoff Report on 08/05/2013 10:48 PM and is a permanent record located here: http://www.ripoffreport.com/r/Capital-Alliance/Santa-Ana-California-92705/Capital-Alliance-Capital-Alliance-Group-Business-Loan-Working-Capital-SCAM-Santa-Ana-Cali-1073369. 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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