Jed A.
I enquired about business funding a…
I enquired about business funding a while ago, Mitch Reeves kept onto me for about 6 weeks to help. After at first thinking he was a decent guy and here to help I had him find me some appropriate business funding. He found me a line of credit. Being busy I asked him to send me an email with break down of interest, fees and monthly repayments. He gave me initial monthly payments (based on 6 months) and said the interest was 18%. He got me approved and send through contract he was eager for me to sign that day. On the contract it had 28% with $3500 worth of fees over the year plus the usual $750 application fee. None of which he mentioned in the email. When I questioned the rate he couldn’t explain to me why there was two rates involved or what the different one was. When I said he should understand the rates well enough to explain them - and if he’s giving credit he should. He agreed that he should be able to and then told me “we should just leave it there” essentially denying my business for asking clarity on the rate. This is the most shady broker / lender in the business. Stay away. Terrible experience. I will be taking this to AFCA.




