Americas Business Capital
Americas Business Consultants Business funding deception, lying about SBA financing Pennsylivania
- 02-27-2012
- 35
I hired Mark E Bailey of Americas Business Capital (& Americas Business Consultants) to be an intermediary for a SBA loan. He is a confidence man & swindler who should not be trusted. If I paid him to prepare &process a loan and the loan was just denied, I would not be filing this report. He played my emotions and swindled $30,000 from me and my little company.
Mr. Bailey said (in August) "we will close the loan this Friday, please send me a $2,500 progress report today." A day or 2 before "closing" he would claim something (he never previously asked for) was missing and the closing wouold be delayed. I would provide the something, but there would not be a closing.
Mr. Bailey said "The bank requires a site visit to your facility, the letter of intent will follow the site visit by 2 days, please send me a $2500 progress payment today." He then delayed the site visit several times and then said "the bank does not require a sitye visit."
Mr. Bailey claimed the bank approved the loan, "please send a $2,500 progress payment", then a week later some lawyer (outside the bank) questioned the business plan.
Mr. Bailey said "I hired a business consultant to re-write your business plan for the bank, please send a $3,500 payment today". When the money was not in his account that same day he said "I guess you do not want the loan, I will cancel the process." Mr. Bailey would not send me any edited or re-written business plan that I paid for. Mr. Bailey claimed "I only have to show you my results, that is the loan being granted."
Mr. Bailey claimed to arrange a private bridge loan which he was personally collatorizing with a real estate holding, "please send a $2,500 progress payment." There was no bridge loan.By December I stopped drinking the Kool-Aid.
I can go on with more detail, but I think you get the point. I fell victim to this scam, please do not follow in my footsteps.
Company: Americas Business Capital
Country: USA
State: Pennsylvania
City: Lancaster
Address: 590 Centerville Rd #106
Phone: 8003248809
Site: americasbusinesscapital.com