Zip Capital Group LLC

We engaged Mr [redacted] ? on January 18, Mr [redacted] was assigned to [redacted] , his funding specialist.? Mr [redacted] filled out an application with us to pursue working capital for his business, [redacted] Law Firm? Based on the application that he provided and his credit, a conditional approval was issued to Mr [redacted] ? After processing this file, we came to discover that his situation deferred tremendously from what was initially disclosed.? ? Initially Mr [redacted] stated that his business brought in 50k a month and had no negative ending days on his statements(See Initial Application) Once we analyzed the statements, we discovered that he was depositing 20k-25k a month and had well over negative ending daysTypically based on those findings, the file should have been rejected, however, Mr [redacted] wanted us to still pursue our best efforts in obtaining funding for his business? [redacted] Law Firm was denied by our affiliate lenders because of low monthly deposits, poor credit, and too many negative ending days(Please see Lenders Responses)? As soon as we realized Mr [redacted] file would not be approved by our affiliate lenders, we gladly offered a full refund immediatelyA full refund was sent on January 28,(Please see [redacted] Refund) We also initiated a call to Mr [redacted] notifying him we no longer would be pursuing a loan and issuing a full refundAfter a full refund was issued, we were notified that the original $has NSFed with his bank.? At this point, Mr [redacted] is positive $and we are negative $495.? ? (Please see [redacted] NSF).? We believe if Mr [redacted] was forthcoming in the initial application, all this would have been avoidedHowever, what’s done is done, we initiated a full refund to act in accordance to good business practices? ?

We engaged Mr*** *** on January 18, Mr*** was assigned to *** ***, his funding specialist. Mr*** filled out an application with us to pursue working capital for his business, *** Law Firm Based on the application that he provided and
his credit, a conditional approval was issued to Mr*** After processing this file, we came to discover that his situation deferred tremendously from what was initially disclosed. Initially Mr*** stated that his business brought in 50k a month and had no negative ending days on his statements(See Initial Application) Once we analyzed the statements, we discovered that he was depositing 20k-25k a month and had well over negative ending daysTypically based on those findings, the file should have been rejected, however, Mr*** wanted us to still pursue our best efforts in obtaining funding for his business *** Law Firm was denied by our affiliate lenders because of low monthly deposits, poor credit, and too many negative ending days(Please see Lenders Responses) As soon as we realized Mr*** file would not be approved by our affiliate lenders, we gladly offered a full refund immediatelyA full refund was sent on January 28,(Please see *** Refund) We also initiated a call to Mr*** notifying him we no longer would be pursuing a loan and issuing a full refundAfter a full refund was issued, we were notified that the original $has NSFed with his bank. At this point, Mr*** is positive $and we are negative $495. (Please see *** NSF). We believe if Mr*** was forthcoming in the initial application, all this would have been avoidedHowever, what’s done is done, we initiated a full refund to act in accordance to good business practices

We engaged Mr*** *** ? on January 18, Mr*** was assigned to *** ***, his funding specialist.? Mr*** filled out an application with us to pursue working capital for his business, *** Law Firm? Based on the application that he provided and
his credit, a conditional approval was issued to Mr***? After processing this file, we came to discover that his situation deferred tremendously from what was initially disclosed.? ? Initially Mr*** stated that his business brought in 50k a month and had no negative ending days on his statements(See Initial Application) Once we analyzed the statements, we discovered that he was depositing 20k-25k a month and had well over negative ending daysTypically based on those findings, the file should have been rejected, however, Mr*** wanted us to still pursue our best efforts in obtaining funding for his business? *** Law Firm was denied by our affiliate lenders because of low monthly deposits, poor credit, and too many negative ending days(Please see Lenders Responses)? As soon as we realized Mr*** file would not be approved by our affiliate lenders, we gladly offered a full refund immediatelyA full refund was sent on January 28,(Please see *** Refund) We also initiated a call to Mr*** notifying him we no longer would be pursuing a loan and issuing a full refundAfter a full refund was issued, we were notified that the original $has NSFed with his bank.? At this point, Mr*** is positive $and we are negative $495.? ? (Please see *** NSF).? We believe if Mr*** was forthcoming in the initial application, all this would have been avoidedHowever, what’s done is done, we initiated a full refund to act in accordance to good business practices? ?