SevenOaks Capital AssociatesReviews of sevenoakscapital.com

Betsy was a nightmare. Wanted things her way or no way. My first time factoring and OMG. She was requesting paperwork from 4 and 5 months ago that I was already paid for supposedly. Claiming this person and that person doing their paperwork like this or that. Never correct. So now I have to get a CPA to go over all my paperwork. GARBAGE!!! Oh yeah she works from home with kids or some type of noises in the background while you are trying to have a conversation. Then she try to be nice nasty! You better run!

Worked with this company in the past and it was a nightmare

Terrible factoring company. They make you pay an escrow fee from each factored load. You are suppose to receive the money back once the load clears, and that doesn't happen. This was a terrible and very unprofessional experience.

My company had a horrible experience. Seven Oaks advertised in a staffing agency group for nurses. I explained our clients used a third party payor. Their staff verbalized understanding in December so we signed an agreement with them. January a payment was sent to us by mistake they held onto the check for weeks despite being told the day the checks were received that it belonged to a different company, we were billed an ACH fee for the funds so we instructed seven oaks to return the check back to the 3rd party company the client used to pay their bills, they refused and sent the funds directly to the clients leaving us with the fee. Then they refused to pay the ACH fees and deduct it from our reserves so we could no longer get ACH"s from the 3rd party company despite being aware of this prior to us signing an agreement with them. Then they emailed on 2/9 at 11:26am and stated effective immediately they would not fund our invoices anymore, and we had just sent over invoices so we could run payroll. We had to practically beg them to fund the invoices sent over on 2/9 and they stated to take that as our notice and next week we needed to figure something out. The following week they sent an email to both our company and our clients accusing us of misappropriating, only to find out that the funds went to our old funding company because the third party payor would not ACH funds anymore due to Seven Oaks not allowing the ACH fees to be processed. The third party payor used the last known address we had before we started to have funds ACH'D ( which was our old funding comp in Missouri we are in SC, there is no way we received the funds). We paid $9422.50 to Seven oaks out of pocket so we could move on with another funding company and for 3 days they lied stating they did not have it, we also had the old funding company still send the other funds to them as well (in good faith) since we did not have the release letter. So Seven Oaks had about $17,000+ and we only owed them $9422.50. We contacted our lawyers to send a demand letter for the release letter and ACH of the $7900+ that was owed to us by seven Oaks, and before the lawyer could send the letter seven oaks sent the release letter and than a day later they sent the funds. Per them they are not equipped to handle third party payors or staffing agencies. That being said they need to not advertise to staffing agencies. They defamed us to our clients with false allegations and accusations that were proven to not be true, held funds unnecessarily, terminated our contract with not even a 24 hours notice. I would not recommend, and highly suggest companies look elsewhere for funding because Seven Oaks business practices are unprofessional and subpar at best.

I have been bounced around to new processors, call in for a credit check on a company that they approved and told us they would factor the load but when we send it in were told no we can’t buy that one. Very poor way to run a factor company and I will be leaving as soon as I have time to look around .

Not recommended to do business with them