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Posted by
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credit to start a business
Posted by jojoca on 5/3/17 at 10:04 pm08
I went through a company called Capwell Funding to get capital to start a business. It seemed so easy. I have a great credit score, so they said you are accepted to "the program". I gave them my info and I got approved for over 100,000 dollars worth of business credit cards (4 total). Resulting in a 9.9% fee of what I was approved for, that I have to pay this company. Could I have just applied for these business credit cards, all at once, myself and have been approved without Capwell funding? and saved that large fee?? Thank you for any input!!
quote:
Resulting in a 9.9% fee
dude... you could've received a line of credit worth close to that or a small business loan for almost half the interest rate with a great credit score.
why didn't you look into a bank first? then you could've applied for a business credit card for day to day expenses.
re: credit to start a businessPosted by iknowmorethanyou on 5/4/17 at 5:52 am to jojoca
I've got some ocean front property in Arizona for sale.
re: credit to start a businessPosted by Fat Bastard on 5/4/17 at 9:03 am to jojoca
There is a company called pathway financial who does this also. I refused to do business with them as too many red flags went up for me when I interviewed them on the phone for real estate funds. They offered me credit cards also from a shelf company. Just go get a LOC from your bank either unsecured or secured for 7 or 8%.
re: credit to start a businessPosted by Fat Bastard on 5/4/17 at 9:56 am to jojoca
this is one of the reasons I did not do business with pathway financial
The company you are dealing with COULD be cut from the same cloth. be very vigilant and careful. there are scammers out there at every corner of every market.
The guy he is referring to named "ryan" is the same clown i talked with on the phone.
The company you are dealing with COULD be cut from the same cloth. be very vigilant and careful. there are scammers out there at every corner of every market.
The guy he is referring to named "ryan" is the same clown i talked with on the phone.
This post was edited on 5/4 at 9:56 am
re: credit to start a businessPosted by jojoca on 5/4/17 at 10:24 am to Fat Bastard
How long would that take??
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