The Small Business Authority - Newtek, Newtek Business Services RIP OFF, con artists, terrible customer service, DON'T DO BUSINESS WITH THEM NEW YORK, New York
These people are barely above loan sharks...do not do business with them, there is a very high turnover in their offices, every month there was a different person who had no idea of your loan; they advertised technology solutions but it consists of one hourly worker typing an excle spreadsheet; they are con artists; their factoring agreement is some 50 pages long and you see multiple figures nobody explained this, they are con artists in that they were collecting 29% fees; I know 5 companies that have gone out of business because they did deals with The Small Business Authority; i ha dto have 2 separate set of books: one to run my business and cover taxes etc. the other to keep track of the SBA reports..Gary Golden a VP there said after my business folded "..I guess we didnt help you..." DUD! Dont do business with these folks. they are a 3rd tier finance company