Complaint Review: WMC Funding Verified TRUSTED Business | Ripoff Report Verified™ …businesses you can trust. WMC funding is a financial services company which employs financial executives with a broad range of experience in developing and growing businesses of all size. WMC Funding takes a hands-on approach with every partner. WMC Funding believes that helping propel your business to the next level is done by working around your sales cycle and future projections.

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. The author of the Ripoff Report below never responded to our offer to help them.

STATEMENT FROM WMC FUNDING:

Merchant came back for more funding and the lender he did the deal with - was closed for the holidays. As were we. He proceeded to put up the report without having a single conversation with us. Furthermore, he had violated the terms of the agreement and had taken other deals which put the initial funding at risk (3 more payments on his books = greater risk, which we have proof of as well.). Merchant knew that we used another partner to fund because of the risk involved which is evident by the other partner's LOGO on EVERY page. In addition, prior to funding, he went through 3 separate calls which explained that we referred him over. We attempted to fund him again, we attempted to resolve the issues, to no avail. Moving forward, we have established several more customer service agents at WMC - however, we cannot vouch for the other party. It's unfortunate that the merchant has a negative outlook, however, we attempted to do right by him countless amounts of times even though he violated the agreement. In addition, the merchant received an EXCELLENT rate on his 12 month term

NOW TO THE ORIGINAL REPORT THAT WAS FILED

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Was contacted by phone  end of october 2015 about buisness funding. was told that i could get 10 % interest. submited 12 months bank records etc. was with ON DECKat the time and  had a small balance remaining was looking to get more funding for the up coming year.. the intial loan was $50.000 at 31 % .. was told throughout the process that there would be a 30 day  review and that as long as i didnt get more additional funding from another source i would be given another $50.000 forgiving the interest on the first loan making it 15 % overall.  I HAD TO PROVE MYSELF FIRST . salvatorre was the liason throughout the process and said we will  be talking at 30 days  21 payments .

i called and sent in my bank statements to show that all payments where made and no additinal funding...  THEN NOTHING.. no call backs ..nothing.. that is when it became apparent that they had lied about who they where. what i had done was sign a loan with credibly at 31 %.. And  had been coached by salvatorre through the underwriting process  which he claimed to be neccessary as a 30 day underwriting insurance to show i was worthy.. not just SAL . but the whole staff is an organized con ... they create a carrot to hold out in front of you with verbal promises that they are the money people and  how much they want you as a longtime future customer ....and its all for a quick commision check... 

i have been truly been harmed in the fact i ddint get the actual funding i needed for the upcoming year... only half. and at an interest rate that i was promised would go away after 30 days.. the actual lender turned out to be the underwriting processors and i was coach by SALVATORRE on what say and not say in order to get the  intial process started...   They are very very good at this , and beyond a doubt i know there has to be other victims ... what i say is true as god my witness... and iam open to any inquireys in regards to WMC Funding and Salvatorre.

  i work hard to make my buisness run and pay my 20 employees.. and these guys have just set me back...without a care in the world im sure..