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  • Report:  #1262430

Complaint Review: Seek Business Capital TRUSTED BUSINESS | Ripoff Report Verified™ …businesses you can trust. Seek Capital provides consulting services & funding procurement to small businesses across America. Seek Capital solves one basic problem: small businesses need fast access to financing.

  • Reported By:
    Matt — Gresham Oregon USA
  • Submitted:
    Tue, October 20, 2015
  • Updated:
    Thu, September 27, 2018
  • Seek Business Capital TRUSTED BUSINESS | Ripoff Report Verified™ …businesses you can trust. Seek Capital provides consulting services & funding procurement to small businesses across America. Seek Capital solves one basic problem: small businesses need fast access to financing.
    6420 Wilshire Blvd. Suite 600
    Los Angeles, California
    USA
  • Phone:
    1-855-978-6106
  • Web:
  • Category:

ABOUT THE RIPOFF REPORT BELOW:

Ripoff Report would like to let readers know that Ripoff Report emailed this customer so the member business could make things right with them. When a business joins the Corporate Advocacy Program, Ripoff Report emails everyone from the past so the member business can make things right with them. Of course, everything within reason. In order to confirm that the complaints were resolved, Ripoff Report is copied on all responses so we can insure that the member business did right by their customer.

STATEMENT FROM SEEK CAPITAL:

After reaching out to the client, he apologized profusely and acknowledges that he was emotional and should not have complained before reaching out to us for assistance. Client would like to rescind this complain. We worked with the client and provide an amazing experience to him where he actually posted a review on both our Facebook and Yelp pages. This complaint prompted our team to be even more proactive to reach out to our clients.

NOW TO THE ORIGINAL REPORT THAT WAS FILED

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 I originally requested $20-25,000 in funding. When I spoke with Carl (Bernie) Garland he said that they could probably get me almost twice as much with cash capabilities. I said perfect as I need cash too! Bear in mind that these are business/personal credit cards. Here's the issue, I have two mortgages and one is from my previous marriage. This is impacting my debt to income (DTI) ratio and I already knew that prior to contacting Seek Capital LLC. I'd been turned down elsewhere on my own prior so I took a chance with them as a last resort. I made it clear to Bernie after his underwriting team approved me based solely on my credit score (which is greater than 730) that I had two mortgages and he made it clear to me that his "professional" underwriters shouldn't have an issue. Two months go by (not fast service which they advertise) and I begin receiving declined credit card inquiries in my mail including one even stating "no third party applicants please apply on your own" so now I'm skeptical ESPECIALLY when I'm assured by Bernie that Seek has a "GREAT relationship" with these lenders. Seek did however manage to aquire one $14,000 personal credit card. Gabe Feldman contacted me saying that they've done all that they can do and that they need to bill me for 11.99% of $14,000 which amounts to $1,678.60 I'm using the business start up capital for Real Estate investing so there's not a whole lot that I can do with a $14,000 credit card, less the $1,678.60 that I owe them. ... My advise is this, if you're going to use their services, can you really feel confident in what they say? I signed the contract so I'm liable to pay even though they come up incredibly short. If you've got the credit and you have a fair understanding of how it all works, GO IT ALONE!! You don't need a third party applying for you.

2 Updates & Rebuttals


Scammed? More like mislead.

#3Author of original report

Wed, October 21, 2015

 I never said that I got scammed. I certainly could have but I won't go that route. I was mislead over the telephone. My original post was to warn folks to be skeptical of their assurance. I made several points clear to them in which I was told that it wouldn't be an issue, otherwise I would've backed out. A consumer should have confidence in a product.


Jamon

Humbdolt ,
Alabama,
USA

I don't understand you complaint

#3Consumer Suggestion

Wed, October 21, 2015

 You asked for 20 to 25 k? And you got 15k. They clearly explain the fee they charge for there services. You understood that when you agreed to the deal. To say that is a scam is negligent on your part. It is disappointing they couldn't get you more money but I'm sure they used all there resources which is why it took longer than expected. You basically got what you came in asking for, where you couldn't get it on your own. This is not a scam

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