USA Funding

This is a bit shocking.... I realize I cannot identify the person making these false accusations (Based upon your rules), nor can I attach a copy of our standard contract (which the borrower read / agreed to and signed) (again based upon your rules) but for any person or Revdex.com official who has...

doubts, please reach out for me and I will provide you with supporting information proving this is nothing more than sour grapes and false accusations. We first went to see the client over a year ago and he was in such poor shape, we walked away from the deal (First thing that should prove our legitimacy as if we were doing the wrong thing for people, we would have told him we could help him then even if we could not.....Correct?).   After a year, his CPA (who refers us quite a bit of business) called us and said his situation was improving and showed us improved financials.  She said they would match the tax returns.  Based upon that (and the fact that we have 100% success rate with referral from that CPA) we moved forward.  We explained to the borrower (Clearly) and so did the CPA that we do not sell a tangible product, Meaning that in order to protect ourselves, when we are engaged, we collect a retainer fee and the borrower must provide us with the needed information to complete the package or they lose the fee.  This was further explained to the borrower by his CPA who read our contract many times.  The Client agreed, read our contract, agreed to it, signed it (Again, I have copies of this document) and wrote us a check and promised us that the needed information would be forthcoming shortly.   Just for information, our standard contract reads..... "If the applicant cancels or withdraws from the transaction, fails to provide on a timely basis any required information and/or documentation or misrepresents or fails to disclose any material facts to the transaction the $3,500.00 retainer fee will not be refunded".  This took place on June 20, 2014. After this, the borrower failed to get his CPA any information to produce returns, never filled out any of our forms and became extremely argumentative.  So much so that his CPA tried to reason with him and explain that the ball was in his court..... so he fired his CPA and demanded his money back.  We (Twice) wrote letters (which we have for proof) explaining that he failed to hold up his end of the contract and he agreed.  Apologized and agreed to move forward.  We are still waiting for his information and then I received this letter in the mail today.  I must tell you I am completely shocked.  This is nothing but a cheap shot from someone who failed to hold up his end of the bargain and because he cannot back out of a contract, he is trying to slander us with no proof.  I will happily meet anyone with the borrower, put all documentation on the table and let people judge for themselves.  We have been in business for over 25 years and I think this has happened a total of three times?  It is ridiculous that people can get away with this.  I was so upset, I just wrote the borrower this e-mail........... I hope this clears up any questions and I will happily forward this information to the Revdex.com should they request. Respectfully,

Complaint: [redacted]
I am rejecting this response because
THIS COMPANY MET WITH ME OVER A YEAR AGO, REJECTED ME BECAUSE WE WERE IN SUCH BAD SHAPE and the conditions did not improve and they should have walked away this time too. The Supposed CPA was hired in February 2014 and assisting us with a NJ STATE SALES TAX AUDIT. She was in no condition to say we were improving when we weren't. US FUNDING would have looked at the papers available they would have noticed we were in big financial distress and should have walked away a second time.
I Never failed to get my CPA any information to produce returns, and that shouldn't be assumed by US Funding. I did sign a contract with big promises, for a desperate business owner, I might have been slightly blinded, but feel like this CPA and Financial institution took advantage of this matter. This financial institute admits doing a lot of business with this CPA, but the CPA sent me an e-mail saying the opposite.
This CPA never tried to reason with me explaining the ball was in my court... Where does this person come with this?
I did first suspend this CPA when paper work wasn't remitted to US Funding and a Bill of $9,000 was issued to me. I couldn't afford to pay her and not get anything in return. I then fired her after she continued to interact with the state after I suspended her of her services.
I am filing a complaint with the Revdex.com to document this company, who I believe has to have better policy to get a $3,500 retainer from a desperate client.

I feel like this company, with the help of the CPA has swindled me out of $3,500, taking advantage of a naïve, desperate business owner. No work has been done to earn this retainer of $3,500 and therefore I requested my monies back.
The assumptions made between my relation with the CPA and myself are bogus. That I did not supply the CPA with the information are completely made up. MAYBE THEY BOTH REALIZED THAT I AM IN SEVERE BAD FINANCIAL SITUATION AND THAT I WOULDN'T BE ABLE TO QUALIFY.
This corporation should have had its facts from me, or my CPA (there trusted Associate) before retaining my funds.
Learning can be expensive at time... Taking advantage of Desperate people is just wrong and this complaint needs to be filed, if nothing else.

Regards,
[redacted]

Review: I'm trying remortgage my property and they said I qualify for a loan. They asked me to pay an application fee and they were going to move on my application and loan process. They met with me almost a year before and said I didn't have a chance but now it was possible. I paid 3500 dollars and got a huge list of information I needed to supply them. The new account that I had who brought them to the table never supplied the information. And then ask for my money back and they said I could not get it back because a process has already begun. I don't believe anything was begun. after talking to some financial advisors there is no way I would qualify for This should have never accepted my application and my Fee of $3500.Desired Settlement: I just want my money back and I would want future people to be aware

Business

Response:

This is a bit shocking.... I realize I cannot identify the person making these false accusations (Based upon your rules), nor can I attach a copy of our standard contract (which the borrower read / agreed to and signed) (again based upon your rules) but for any person or Revdex.com official who has doubts, please reach out for me and I will provide you with supporting information proving this is nothing more than sour grapes and false accusations. We first went to see the client over a year ago and he was in such poor shape, we walked away from the deal (First thing that should prove our legitimacy as if we were doing the wrong thing for people, we would have told him we could help him then even if we could not.....Correct?). After a year, his CPA (who refers us quite a bit of business) called us and said his situation was improving and showed us improved financials. She said they would match the tax returns. Based upon that (and the fact that we have 100% success rate with referral from that CPA) we moved forward. We explained to the borrower (Clearly) and so did the CPA that we do not sell a tangible product, Meaning that in order to protect ourselves, when we are engaged, we collect a retainer fee and the borrower must provide us with the needed information to complete the package or they lose the fee. This was further explained to the borrower by his CPA who read our contract many times. The Client agreed, read our contract, agreed to it, signed it (Again, I have copies of this document) and wrote us a check and promised us that the needed information would be forthcoming shortly. Just for information, our standard contract reads..... "If the applicant cancels or withdraws from the transaction, fails to provide on a timely basis any required information and/or documentation or misrepresents or fails to disclose any material facts to the transaction the $3,500.00 retainer fee will not be refunded". This took place on June 20, 2014. After this, the borrower failed to get his CPA any information to produce returns, never filled out any of our forms and became extremely argumentative. So much so that his CPA tried to reason with him and explain that the ball was in his court..... so he fired his CPA and demanded his money back. We (Twice) wrote letters (which we have for proof) explaining that he failed to hold up his end of the contract and he agreed. Apologized and agreed to move forward. We are still waiting for his information and then I received this letter in the mail today. I must tell you I am completely shocked. This is nothing but a cheap shot from someone who failed to hold up his end of the bargain and because he cannot back out of a contract, he is trying to slander us with no proof. I will happily meet anyone with the borrower, put all documentation on the table and let people judge for themselves. We have been in business for over 25 years and I think this has happened a total of three times? It is ridiculous that people can get away with this. I was so upset, I just wrote the borrower this e-mail........... I hope this clears up any questions and I will happily forward this information to the Revdex.com should they request. Respectfully,

Consumer

Response:

Review: [redacted]

I am rejecting this response because

THIS COMPANY MET WITH ME OVER A YEAR AGO, REJECTED ME BECAUSE WE WERE IN SUCH BAD SHAPE and the conditions did not improve and they should have walked away this time too. The Supposed CPA was hired in February 2014 and assisting us with a NJ STATE SALES TAX AUDIT. She was in no condition to say we were improving when we weren't. US FUNDING would have looked at the papers available they would have noticed we were in big financial distress and should have walked away a second time.

I Never failed to get my CPA any information to produce returns, and that shouldn't be assumed by US Funding. I did sign a contract with big promises, for a desperate business owner, I might have been slightly blinded, but feel like this CPA and Financial institution took advantage of this matter. This financial institute admits doing a lot of business with this CPA, but the CPA sent me an e-mail saying the opposite.

This CPA never tried to reason with me explaining the ball was in my court... Where does this person come with this?

I did first suspend this CPA when paper work wasn't remitted to US Funding and a Bill of $9,000 was issued to me. I couldn't afford to pay her and not get anything in return. I then fired her after she continued to interact with the state after I suspended her of her services.

I am filing a complaint with the Revdex.com to document this company, who I believe has to have better policy to get a $3,500 retainer from a desperate client.

I feel like this company, with the help of the CPA has swindled me out of $3,500, taking advantage of a naïve, desperate business owner. No work has been done to earn this retainer of $3,500 and therefore I requested my monies back.

The assumptions made between my relation with the CPA and myself are bogus. That I did not supply the CPA with the information are completely made up. MAYBE THEY BOTH REALIZED THAT I AM IN SEVERE BAD FINANCIAL SITUATION AND THAT I WOULDN'T BE ABLE TO QUALIFY.

This corporation should have had its facts from me, or my CPA (there trusted Associate) before retaining my funds.

Learning can be expensive at time... Taking advantage of Desperate people is just wrong and this complaint needs to be filed, if nothing else.

Regards,

Review: [redacted]To Whom It May Concern

USA Funding promised me that I would be eligible for loan, depending upon my credit I which I payed CPA for the required information that USA funding requested needed but first required to give them a fee of $2,500.00 and sign contract that if they were not able to obtain a loan that a balance of $2,000.00, would be returned this is going on for 8 months and still waiting for a yes or no answer if a loan was possible, the rep for this company continues to make promises, but going on another Month. This company USA funding said they were backed by loans from federal government Please help [redacted]Desired Settlement: To stop companies from trying to take advantage of guarantee loans, and obtaining a fee up front in order to receive a loan, This kind of business I feel is trying to rip off consumers, with your help may be this will stop.

Thank You

Business

Response:

I have been working for USA Funding for the past 25 years and I must say, I have never ever seen this before. Please see attached, the borrower (who is copied on this e-mail) was issued a letter of intent from [redacted] (one of the largest SBA preferred Lenders in NJ) after they put his business through the underwriting process. They issued this letter of intent almost a month ago. They (as customary) mailed the letter of intent to his business to be signed and returned (Which never happened). The borrower called my office three weeks ago complaining that he never received this commitment and [redacted] (his loan officer) mailed ANOTHER copy to his business as well as to his home. Again, he states he never received it. I have also attached a copy of my contract to prove we have complied with the terms of our agreement. I just spoke to the borrower who stated to me “Hey, I get a lot of mail from banks, maybe I opened it and didn’t realize it was a letter of intent”. I am at a loss. I have now faxed the borrower and included him on this e-mail. My next e-mail is to the bank asking them to keep his file open. Other than a carrier pigeon, I am out of options. Please remove this erroneous claim, it bothers me when people utilize your service as a means to annoy professionals they are working with. Respectfully

This man [redacted] is a fraud if you want to lose you money go for it. He basically promised us a loan right from the beginning after taking my money. He then told me I had to get my score up and made me work and get my credit score up. After a week before the year was up I told him my score was good now, and he requested more money. He did Zero work and took my money. I followed up with him every month and gave him updates he knew my father was ill and just had a heart attack and I requested the money back in the beginning but he said dont worry get your score up and I already have a Lender for you. Everyone stay away from him and his company. USA funding should fire this guy.