Central Business Funding TRUSTED BUSINESS REVIEW: Central Business Funding dedicated to total customer satisfaction. Central Business Funding takes unique approach helping businesses that the lending industry has never seen.
Hello everybody,
Long story short, I was trying to get a small business loan from Central Business Funding because all the major banks I tried weren't lending for startups. They charged me $250 for a risk assessment which I was told was just part of the lending process. I asked repeatedly if my personal credit score, which was in the mid to high 600s would be a major factor in trying to get a business loan. Everyone at Central Business Funding said that my score wasn't bad. They even wanted to charge me $1,500.00 so that they could put together a business plan for me, which I was able to produce in a weeks time due to procrastination and accounting work I hadn't done since college (almost 10 years).
After the smoke cleared, Central Business Funding sent me this in an email:
"Are you working on the credit at all? I copied Trevor on this email as well so he knows how things are going. He can help you go thru your credit or refer you to someone who can. I am showing the credit score at 634 which is under what most lenders require."
Central Business Funding took advantage of me. I charged several thousand dollars on a business line of credit expecting to consolidate everything with a business loan. Now my personal credit score has gone down due to high balances. I honestly would never have tried to start my business if Central Business Funding hadn't put the idea in my head that I could get a loan from them.
If you get anything from this report, be it this:
Do not trust Central Business Funding!!!! Save your money, get your credit score up, and try to do things in their own time. Dont rush or let anyone take advantage of you.
Good luck! Happy New Year!!!