Kim M.
What to expect
They responded in a timely manner and professional manner. However to be more candid....i was told if my average sales per month are $20,000 they can loan me approximately $10,000. So at $250k a year gross dont expect much. I tried to find out their process and lending amounts through research but found nothing. So i thought i would share this tid bit of information. I was better off going through square capital or pay pal for more funding and seems from the info provided a better rate for payback. Also....they do run your credit and outsource funding. Again they werent bad but its a lot of documentation to find out they want to give you not so much. I didnt have any specific amount i wanted. I just found that my business didnt need your services. I qualified....Just not worth the fees they charge. I think the company should be more open to how they work. They do not fund their own loans.
Response from ZinchJan 3, 2017
Thanks for your review. We understand your disappointment in not qualifying for the amount of cash you desired, but our funding amounts are based off the business's cash flow (personal assets and credit are not a determining factor) so that we don't overburden the business with repayment, therefore the amount of cash we're able to lend varies with each business that applies. Additionally, we want to correct a statement you made regarding outsourcing the funding; MCS is not a broker or rep, and as a result we do not, under any circumstance, outsource funding.