Beacon FundingReviews of beaconfunding.com

Our company been dealing with Beacon Funding for over 15 years. Always they offer the best rates. Never had problem with them. I recommend them to finance your next project.

Always very helpful and awesome customer service. Great company to work with.

"Inflexible Lender Forces Livelihood Threat Despite Proven Loyalty and Hardship" As a loyal, repeat customer, I am incredibly disappointed and feel let down by this company. Despite my proven history of financial responsibility, good-faith partial payments during a recent downturn, and extraordinary efforts made during vehicle downtime, the company is now threatening my livelihood over a $ 30% balance and refusing all communication or negotiation. I previously purchased and paid off a vehicle with this company without a single hiccup. In good faith, I returned for a second vehicle purchase. The representative assured me I was receiving the "same type of deal" as before. It was not. I was placed in a lease-with-option-to-buy agreement, which fundamentally changed my financial obligations and flexibility—a fact that was obscured during the sale process. My industry recently experienced a significant slowdown. Furthermore, the vehicle itself required extensive repairs—a full transmission and radiator replacement. This resulted in over six weeks of vehicle downtime with zero income for me. Crucially, even during that six-week period of no income and no vehicle use, I continued to make my full monthly payments. This demonstrates my commitment to honoring the contract. When the industry slowdown persisted, I proactively contacted the company to ask for a temporary restructure of the deal to lower payments until my finances stabilized. They refused outright. Communication has been appalling. It is nearly impossible to get a representative from the billing department on the phone. No one is ever available, messages are never returned, and my assigned account manager is dismissive, constantly deflecting responsibility by saying someone else makes all the decisions. I have not abandoned my contract; I am making continuous partial payments to keep the account current. With less than 14 months left on a 40-month contract, I expected a shred of understanding or flexibility for a loyal customer who has clearly demonstrated a commitment to payment, even under duress. Instead, they are pursuing action that threatens my entire livelihood. This experience has shown me that this company only cares about the bottom line and has zero regard for customer loyalty or real-world financial hardship. Future customers should be warned: do not expect any humanity or flexibility if you encounter a difficult patch.

Do not expect this company to help you if you are down. I had a large major client (Tricolor Auto) go bankrupt, and they were unable to pay me a large sum of money I was counting on to run my business. I asked Beacon for a 1 month payment deferral, and they insisted on adding $700+ of additional interest at the end of my loan for the minor deferral, which would have been a negligible effort for them. The representative stated "There will be a cost" and "We simple don't do deferrals". They have every right to stand their ground and leave you on the ground you fell to. There is no contractual obligation for them to lend a helping hand, and they didn't for me. If you’re a small business owner who needs flexibility during downturns, be aware that Beacon is not that kind of lender.

they are a lot better banks out there to deal with would highly recommend finding a different bank

They take out money from your account with out any proof or authorization and wont sent you any proof why they take it out, they do this often and wont refund it back !!! don't do business with them !!! Deepa and Anthonio are terrible personal to talk too !!! dont buy from them !!!

Bob Dubow was kind, understanding and provided encouraging and prompt response.

Jeff is a STAR! Thank you for your help. Our customers are always happy with response times and knowledge!