ED Magedson – Founder
Biz Funding Building1050 E. 3300 S. Ste. 205 Salt Lake City, Utah USA
Biz Funding Building Scammed out of $1999 for unsecured business loan and business plan, received inaccurate copy/paste business plan, no loan and told to get a business credit card, only money seen was mine leaving my account for their fraudulent hands Salt Lake City Utah
Our first contact was with James Michael of Direct Business Lending. Next, Adam was our contact person. After he convinced us that we could easily get a business loan in less than 30 days, we paid the $249 fee.
We were then directed to Adam, Katara, and Robert at Biz Funding Builder. They required $1750 to write a professional business plan for submissioin, establish a business credit report and to receive "business coaching" which ended up telling us to register with Dunn and Bradstreet and to get inquiries off our credit report. They "nicely" let us pay in two installments of $1000 and $750.
After much questioning and complaining, I finally received a business plan. It was a very unprofessional copy and paste document with inaccuracies, including changing the document to our name and business.
We were next sent to their "lending partner" Direct Businss Lending. Terry May was the guy that was suppose to get our loan. Again, after much complaining, he finally said that he could get us business credit cards. To which I stated that we did not pay $2000 for credit cards that we can get those ourselves for no charge.
I am now receiving emails on how to grow our business from Hawkeye Management. I believe that they are the parent company of this major scam operation.
We have good credit ratings and could have used local financing. We just thought this plan was faster and we knew we needed a professional business plan in hand.
This report was posted on Ripoff Report on 06/06/2013 01:00 PM and is a permanent record located here: http://www.ripoffreport.com/reports/biz-funding-building/salt-lake-city-utah/biz-funding-building-scammed-out-of-1999-for-unsecured-business-loan-and-business-plan-1056972. 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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