I started dealing with this company when it was known as Capital Network or Capnet to secure financing for a piece of equipment for my business. At the beginning everything seemed fine. I was asked to fax over a quote for my equipment and a credit application. I faxed both over and by the next day I was called back with some payment figures and an interest rate of 6% for the equipment that i wanted. I thought this was going to be a seamless transaction. When they gave me the payment figures they asked me to fax over a copy of a check for the first and last payment, which i did, even though i had never done any type of financing that required me to do that before. I was told my equipment would be paid and in my hand within one week.
After that week passed i kept calling my sales rep, who in turn kept dragging their feet trying to make up excuses why it was not done yet. Then my rep tells me that my original approval had expired and my payment when up. The rep said that the rate was only 9% but come to find out it was around 28%. My rep then started saying i couldnt get my money back because the transaction was approved and that he had to keep it for the work he has done.
In short this company eventually had to change its name to Imperial Meridian Capital or IMC Capital because of the amount of lawsuits being brought against it. Heck they even moved locations because of all the bad deals they were doing. The founder of the company no longer even is part of the company because all of the bad new going on here. This company is doing nothing more but taking advantage of business owners that are struggling during this hard economic time. They are nothing but a bunch of brokers that shop your transaction to find it a home. Nothing more but car sales types that will lie to you to make their money.
Do not deal with this company! They will keep your money, lie to you from the start and then will put you on with there BOSS who is nothing more but another sales rep trying to make money. Liars and cheats. If you need a loan or a equipment lease go to a bank and speak with a commerical loan officer, he can put you in direct contact with a leasing company if he cannot do the deal. This company is a bunch of liars. There all liars here is some of the cheats that work there you need to watch out for, Reuven Birnkrant, Kellee Khalli, Blake Johnson, Ryan Vanson. I dont even know if this is there real names, heck they may change them from day to day. Dont deal with them, and dont send them money. Ask them for the loan papers before you send them anything and to be honest i wouldnt even send them anything. They are all liars and cheats. Not even a Better business rating on them.
And if you look at there career site it talks about all the money you will make and its prolly from all the lying and cheating you will do.
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