Bank of America has no intention of providing people like me with any small business financing of any kind-not even a credit card to enable me to establish a credit history and ease cash flow for albeit a huge price.
Our business is a national distributor of specialty foods under our own brand. Both of us worked for corporations for over 30 years before starting a business. We never expected to be able to borrow seed capital, or have a credit card to start with so we put our own substantial investment into the startup. We have no debt in the business after living on it, paying our mortgages, providing a car for deliveries, paying for premium health insurance for our family, caregiving for our quadraplegic son, and putting two children through college in the first three years of our business. Now that the business has proven itself, we need bank financing to scale.
Bank of America has been sending mail to us for months. Finally, I sent in an application because the deals started looking good and we need to establish credit to expand the business which is now profitable. Turned down.
I am so disgusted with this country's banking businesses. I know that this application was sent to me as a part of a fraud on the American people to make the US government think that Bank of America is lending to small businesses. Small Business to most of us means a person like me who starts a business and has all their assets tied up in it. Small Business to Bank of America means a business with volume each year of up to $100 million dollars. I do not have a chance in hell of getting any access to Bank of America lending. I am a woman. I am a small business that provides good jobs and benefits but I AM JUST NOT GOOD ENOUGH FOR BANK OF AMERICA. I call it FRAUD. They are going through the motions.
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