Jay M.
Deceiving and Dishonest!!
Ben, Cedric and Ian were very helpful and knowledgeable, so I thought!!!. They approved my business with Working Capital very fast and accurate but was not transparent with the fine print. When asked if I am able to refinance in 60days or so will I be able to go into a lower and better term loan, preferrably monthly instead of weekly, they both said Yes. Here it is Sept 2022, all my weekly payments on time, now they are asking for more paperwork than the original loan. Furthermore, come to find out they charged my company a high and unusual ,almost half of my loan amount, Advanced cost on top of what my loan was for. This was not explained to me and on the Business Backer contract there is a term "Future Receivable Cost". Apparently, this the apparent Advanced Cost according to my first billing statement, which was not explained to me either and ironically generated after I signed the contract. Lastly, when I gave Ben and Dana (Business Backer) a call to see why things changed its like they/Ben had developed a convenient memory loss of what was originally said to me. Its companies like these that prey on small businesses because we are just getting started and may not know much. Karma is real!!! If you know whats good for you... Please do not fall for the kindness of companies like this. That claim to want to assist your business...I will not be working with them again.



