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  • Report:  #1530920

Complaint Review: Bridge Venture Capital

Bridge Venture Capital uses Credit Advance LLC as the lead-in MCA company Promised a $300,000 business line of credit but first had to complete a $30,000 MCA payback. Never provided the LIne of Credit Aventura, Fla. Florida

  • Reported By:
    Brian — Aurora United States
  • Submitted:
    Wed, January 31, 2024
  • Updated:
    Mon, February 12, 2024

Was contacted by someone named Brian out of Michigan who had Ashton Lewis out of Miami, Fla contact me representing a company called Bridge Venture Capital.  No web page - said they have too many clients and didn't need to  pay for a website.  Sent me a term sheet and a contract for $300,000 LOC at 14% APR and 2% minimum monthly payments. Required me to complete payments on a $30,000 MCA.  I paid it off in two days, paying back $40,000.  They kept telling me funds were being wired to my account; set up a so-called "portal" for drawdowns, etc.   No line of credit ever showed up.  I was defrauded of $21,000.

 

 

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