Onramp FundsReviews of onrampfunds.com

My name is Jonathan. I had recently, in the last two years, made an offer with this company, and they seemed to be very helpful. Up until now, they asked me to review some of my credit items, in which I have made efforts to pay every one of them off. And it seems that this company, even though I've showed good faith to pay off everything, and good faith with them, they have declined my application. So at this point, I would like to say in big letters, buyer beware. They do not support you. They're not there for you. Even if you've shown good faith with them, it doesn't matter. Their underwriters are largely unprofessional, and is why I'm giving one star review. On top of that, I do not recommend them to anybody, and I would not waste your time and your effort. Buyer beware. Buyer beware. All over again.

No one returns phone calls or e-mails. Unprofessional, rude. More to come.

This company is a fraud. They charge $200 for $1000 and have to be paid in 30 days. Avoid at any cost.

Will put your business in a hole

Really bad experience. Communication after pre-approval was really bad and even after you connect your Shopify account, your business banking, your Shopify balance account and send bank statements you won’t get an update unless you reach out and ask. I was able to secure 2 loans with Shopify capital before they even completed my he 1st one.

total rip off

We recently applied for a loan with this company. Our business is averaging $50K in monthly revenue and has been operating for 7 months. As requested, we provided 3 months of bank statements and connected our Shopify and WooCommerce accounts to verify our income. The representative handling our account even mentioned they were impressed with our performance. After submitting all the information, we were pre-approved for $74,000. However, the application was later denied because our business was considered "too new.", but they "support" startups, make it make sense. This is confusing, if the time in business was a deciding factor, why would we be pre-approved in the first place? It seems the time in business should have been verified at the beginning, not after all documents were submitted and a pre-approval was extended. If the company actually requires a longer time in business, that should be clearly communicated upfront. Otherwise, the process feels misleading and can waste valuable time for applicants. I hope the company reconsiders how they present their requirements and pre-approval process to make it more transparent and fair for future applicants.

02/14/2025 ON RAMP FLAGGED AND REMOVED MY PRIOR REVIEW, COMPLETE LACK OF TRANSPARENCY!!! I AM REPOSTING TO WARN BUSINESS OWNERS!!! FIRST and FOREMOST My experience and others that have left similar negative reviews about OnRamp Funds, is that OnRamp does not care about building relationships or helping a business. If I could give this company negative stars I would. This so called "business lender" or "eCommerce lender" preys upon small businesses and small business owners seeking to acheive their dream by charging sky-high interest rates that many businesses (as the reviews indicate) cannot ever fully repay. OnRamp Funds/E Commerce Lending lures you in with promises of "fast and easy funding" but they conveniently bury the real cost of their loans in fine print-only for you to realize later that you may have signed your entire business away to OnRamp Funds/E Commerce Lending. THINK ABOUT THIS BUSINESS OWNERS: ONRAMP FUNDS is located in Austin, Texas. OnRamp is a Delaware Corporation. E Commerce Funding LLC is the main entity referenced in the so called loan or lending agreement and is a Nevada LLC. This is the truth. OnRamp Funds is NOT accredited by the Better Business Bureau. This should alarm anyone seeking their services. The so called loan or lending agreement will specifically state the following: THIS AGREEMENT IS SUBJECT TO AND GOVERNED UNDER THE LAWS AND RULES OF THE STATE OF NEVADA! HERE IS WHERE IT GETS INTERESTING: ALL LITIGATION AND CLAIMS OR DISPUTES ARE REQUIRED TO BE HEARD OR FILED IN STATE OR FEDERAL COURT IN TRAVIS COUNTY (Austin) TEXAS. What honest company would need to be located in Texas, yet require the terms of the so called loan agreement be subject to the laws of The State of Nevada? If you buy a car in Texas from a legitimate auto dealer, the loan documents do not seek to enforce laws that are only favorable to the auto dealer or lender from a completely DIFFERENT State. Why would E-commerce Funding LLC/OnRamp Funds, located in Texas NOT make the so called loan agreement subject to laws of The State of Texas? Is it because Texas law makes it an even playing field and Nevada makes it all in favor of E Commerce Funding LLC/ On Ramp Funds? When you sign the so called loan agreement you will also waive your right to trial by a jury, jurisdictional rights and many other constitutional rights. E Commerce Funding LLC/OnRamp Funds is currently suing SEVERAL small business owners, you guessed it in Travis County, Texas. Please search the Travis County Court Records and you will see. Be concerned, this could be you or your business if you fall behind on payments, no matter how many payments you may have made to On Ramp Funds, Inc. If you peruse through the so called agreement, you will notice that the actual "lender" or money prvider is E COMMERCE FUNDING LLC, OnRamp Funds is listed as an AFFILIATE. Why is OnRamp Funds listed as an affiflaite? OnRamp Funds on its website claims to be the so called lender or funds provider. Why is OnRamp Funds, Inc. appearing to hide the existence of E Commerce Lending, LLC.? They cannot nor will they deny this, they will just omit this fact. The typical reply from OnRamp Funds to nearly every complaint and I am sure to this complaint will be, "The customer or business owner did not make timely payments", or "we tried reaching out to the business owner and the business owner never responded." In most cases the businesses in the reviews indicate that the businesses made significant payments towards the amount owed, exorbitant interest rates and fees charged by OnRamp Funds. The business has a bad month or two and OnRamp Funds swoops in and crushes the business by instructing its debt collector to send UCC Lien notices to each and every platform or payment provider available, Pay Pal, Amazon, Stripe, etc., threatening to sue the above referenced platforms if they release any funds to the business on the notice. The notice instructs the platforms to hold funds for the benefit of OnRamp Funds, Inc under threat of legal action. The business must satisfy every cent or condition claimed in the UCC Lien Notice by OnRamp Funds according to the notice. All monies of the business held in the various payment platforms are frozen and held pending full payment to OnRamp Funds. OnRamp Funds will assess all collections fees, default fees, late fees, interest fees, any fee associated with the so called agreement is also held or "frozen" for sole benefit of OnRamp Funds. The subject business has no say in this. I find this to be reprehensible and unfair. I hope anyone reading this review will give pause prior to entering into any agreement with OnRamp. My experience is that OnRamp will not help you or work with you, which could result in the loss of your business and your hard work towards your dreams.