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Report: #1216017

Complaint Review: US Business Funding - MORRISTOWN Tennessee

  • Submitted:
  • Updated:
  • Reported By: COMFORT — MORRISTOWN Tennessee USA
  • Author Confirmed What's this?
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  • US Business Funding MORRISTOWN, Tennessee USA

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My name is Sam shah.I am with comfort suites hotel in morristown Tn.Last year I had Apply for a loan to buy equipment for hotel.Peter ribeiro was my sales person.I got approve for the loan for 150000.00. He send me approval letter and send me all paper works to sign....

He also requested a deposit for fiirst and last payment and loan fee total amout of 6189.50.So I Trust him and send my paper work and deposti to peter ribeiro.Now he got my check and he cashed it too.Its been one month my vendor for goods never recevie amount from peter so I called him and his assistant answer the phone and told that he his in hospital.

I have wait wait wait for his phone call I never receive call  from him and finally he called me in july 2014 and ask for more document to proccess this loan. Well I have been approve and I have send my deposit for loan to him he already cash my check. Now he his asking for more paper work befor he give any fund to my vendor.

Well this been going on and then he told me you get letter from his company legal department soon but its been more then nine month there is no letter on a phone call from them. Looks Likes They have ripme off for more then six thousand dollers. I like to tell all business owners and hotel owner bewere of this fraud before you do any business with u s business funding.If anyone like to help me or advice me in this matter please email me. 

Thanks and Be careful

This report was posted on Ripoff Report on 03/16/2015 07:28 AM and is a permanent record located here: https://www.ripoffreport.com/report/business-funding-verified/morriswn-tennessee-bess-peter-1216017. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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Updates & Rebuttals

REBUTTALS & REPLIES:
1Author
1Consumer
1Employee/Owner

#3 REBUTTAL Owner of company

Please see previous response

AUTHOR: Champ3 - (USA)

POSTED: Monday, May 18, 2015

This customer is fraudelent and misrepresented himself. 

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#2 Author of original report

Shah reply on lie and truth

AUTHOR: - ()

POSTED: Thursday, April 16, 2015

 Thanks for your rebuttal.I have send all documents to us funding then us funding approved me for my loan.Thats way I sent contract and deposit to u s funding.After cashing my deposit check he called me and said I will need more document before we can fund any money to vendors.I told him lets do one to one meeting and I will bring you all extra documents to you.Then he said it is to late now you will here from company legal department.It's been more then six month I never heard from there legal department.so I like to tell all business owner think about this then do business.

Peter Please tell your legal department to  contact me soon so I can present my self and all my legal document to u s funding.I have been receiving phone calls from other people they got ripoff too.I am gathering all info from them too.Please send my deposit back As soon as posssible .I haven't receive any funding from u s funding so you can not keep my deposit for funding.I don't know what's your problem.If you guys do wrong to hard working small business owner it will come back to you and that time you will need mercy from god.

Thanks

 

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#1 UPDATE Employee

Fraudulent Ownership

AUTHOR: Champ3 - (USA)

POSTED: Wednesday, April 15, 2015

US Business Funding found the customer to be fraudulent due to falsly stated information on the application. The customer stated he was the owner of the company for 20 yrs however while pulling legal supporting documents it proved the customer had in fact only owned the company for 12 months. At this time additional information was requested in order to try and help provide a loan however the customer refused to provide any further documentation. As it is fully stated in the agreement which he signed once any fraud activity is found the customer forfeits the deposit.

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