Complaint Review: Capital Finance Associates - Salt Lake City Utah
- Capital Finance Associates 50 West Broadway 3rd Floor Salt Lake City, Utah USA
- Phone: 1-866-441-7029
- Web: http://www.capitalfinanceassociates...
- Category: Loans
Capital Finance Associates Fraud or scam to rip-off small business owners Salt Lake City Utah
*REBUTTAL Individual responds: fake documents - time for jail
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This is a totally fraud company that is looking to make money from small business owners. They know the small business owners need help with securing funds and they target this group for their grand scheme. I would like to share the experience that I had so that no body else get caught and fall for this fraud or scam.
Vince is the first person who will call and let you know that they have great funding options with excellent rates, I was told the following.
Start Up Business Loans
- $10,000-250,000
- 1-10 Year Terms
- 3.25-8.25% Rates
Once you agree to proceed further he will assign you to funding adviser. James was the one who was assigned to look at my file. He came back with the information that I had great credit score and I will get the entire funds requested at 0.9% - 3.25% within 48-72 hrs. He promised and boasted that they are the fastest in market in securing funds and that Lenders are ready and agreed to fund if I complete the following - Business Plan, DUNNS & website. They then get money out of this by offering to get this completed on my behalf for a fee of $1500. This amount could be anything they decide. I never wanted this service but in order to secure the best funding option agreed to it. After completing all this I still did not receive any funding. It was more than a month and still no funding. James talks and promises a lot in his marketing pitch, so please do not fall for his promises. As soon as they get the money it’s a whole different story, he will not even talk to you and say that the file is with a different department, a convenient lie.
When I tried to reach talk to James, he does not pick up the phone. He states that he is very busy with other customers and cannot talk to me without appointment and that my file is with fulfillment and he does not know anything further on it. This is a grand lie, as I called him from different phone numbers and he picked up, confirming that he is not at all busy. He keeps on asking me what is this number you are calling from, it is not listed. When a company is very much interested on my phone number that they do not have listed that is a red flag that they are doing something fraud. I knew this is just a small team of 2-3 people working together to rip off people. Once they got the money then they started talking about process and I have to wait, this was not the promise that they made when initially talking to customers. It has been more than 6 weeks and still they are not able to secure funding, please do not fall for this scam.
This report was posted on Ripoff Report on 04/14/2017 09:30 AM and is a permanent record located here: https://www.ripoffreport.com/reports/capital-finance-associates/salt-lake-city-utah-84101/capital-finance-associates-fraud-or-scam-to-rip-off-small-business-owners-salt-lake-city-1367716. 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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#1 REBUTTAL Individual responds
fake documents - time for jail
AUTHOR: anna - (USA)
SUBMITTED: Friday, June 23, 2017
can we get in touch some how, my email- ratushina@gmail.com im in FL , im tyring to get as many complaints about them as i can , they did same to me, took $1250 and nothing was done, we paid them to register our company with state of florida , get tax ID #, prepared business plan, nothing was done. I opend dispute with my credit card company and u know what they did, they provided fake business plan for some other company stating its for our company and they did all job that we paid for !! they all have to go to jail, im filing a complaint with State of Utah Division of Consumer Protection and FBI so they can invistigate this company very quick and send them to jail for fake documents and scaming people. this should be stoped asap


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