I own a small business (Pub and Grill). We were trying to do a refi and an expansion loan.
Upon being referred to this lender and giving all the financial information requested, we were told that everything looked good and they demanded a 3000.00 retainer to continue negotiations.
For the next 6 months, the lender; (Rick Adams-North American Funding), remained elusive. When contact was made, I was told he was working on it.
During this period I was told it was a workable deal and (without him actually stating it) that I needed to 'make' the numbers look good for the banks he was dealing with.
The workable deal never happened and i never got any of the 3000.00 back. Now I can't even get in contact with him. How many other small business are being taken by these sharks?
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