Business and Community Financing Solutions

May 23, 2014At the advise of my attorney, please accept this notification that the above complaint will not be responded to through the Revdex.com, but instead thorough legal channels.You are put on notice that any negative reporting of this matter as a result of our
addressing this through the legal system instead of through your organization, will be aggressively challenged.Managing Partner

Review: I decided to open a franchise restaurant and needed a loan. I created a business plan and contacted three banks in my area but they did not want to help with an SBA loan. I took the advice of a friend and contacted a financial consultant, [redacted] from Business and Community Financing Solutions, LLC. We spoke in early February 2013 and agreed that we could expect to open on May 16th, 2013. For the next two months I heard very little from **. [redacted] but he assured me that due to my credit history and capital my financing was going to be easy for him to secure. It wasn't until April 11th that [redacted] first formally attempted to obtain financing for me but according to telephone conversations we had, he also brought two other franchises with him for consideration so I was competing with his other clients and I lost financing in this way twice.Over the next several weeks I found [redacted] to be less and less responsive in calls and emails until finally he attempted to set me up with another financial organization that charged $4500 for their services. I then knew I needed to approach banks on my own and I eventually got my own loan without BCFSOL. Bills from BCFSOL kept coming and so I offered to pay half the original agreement in compromise. I received no reply for months and then finally a bill arrived in the mail with penalties added. I've contacted a lawyer but they say that until I actually get sued, there's nothing they can do at this time. BCFSOL received a $1K down payment, did not furnish a business plan as stated in our contract, did supply a spreadsheet after several months and put my project behind by at least 4 months all while I was paying full rent and utilities on an empty building. BCFSOL now wants full payment plus penalties because our contract was not contingent on getting a loan. I contend that our contract required much more attention and productivity than was provided. I've written two letters to BCFSOL to state my case but have received no answer.Desired Settlement: For the reasons described above, I request that BCFSOL keep the $1k deposit but be owed no further compensation.

Business

Response:

May 23, 2014At the advise of my attorney, please accept this notification that the above complaint will not be responded to through the Revdex.com, but instead thorough legal channels.You are put on notice that any negative reporting of this matter as a result of our addressing this through the legal system instead of through your organization, will be aggressively challenged.Managing Partner