Run as far, and as fast, as you can from this Predatory Lending Firm. They will lend you money, and then use every unethical, immoral, and likely illegal tactic to try and get you to pay MORE than you owe. They are loanshaks disguised as "Merchant Cash Advance" firms and they will do everything they can to put you out of business. BEWARE>>>>>
They will contact your clients, associates, and others you deal with and tell them LIES; share your PERSONAL information without your consent, and basically threaten to destroy you if you do not give in to all of their ridiculous, outrageous and, very likely illegal predatory actions.
I was looking for a loan to pay off some higher interest loans. Very slow process (5 days). Contract was very vague and seemed a little fishy. Salesperson couldn't explain specifics. I was promised funds between 3-5pm Friday. After numerous phone calls and emails, jumping through hoops (depositing more money into my account) I was told they had my address wrong and I would have to wait until Monday for funds. Considering I sent them my commercial lease, I'm taken back as to why they would have my address wrong. I've taken loans before and I suggest National Funding. They delivered funds within 24 hours of my initial call. Everest really blew this one for me, the funny part is that I was asked multiple times to give them a review.. Beggars cant be choosers. However, I chose this path to simply save money. I am now past my payoff deadline, missed time on the job (paid employees) trips back and forth to the bank etc., which has in turn cost me thousands. If Everest would have been on the ball with this case, we both would have made money.
THIS IS A SCAM to GAIN ACCESS to Sensitive Information. DO NOT GIVE EVEREST BUSINESS FUNDING YOUR BANK INFORMATON OR QUICK LOANS DIRECT
Beware of Everest Business Funding and Quick Loans Direct out of Miami Florida. They are running a scam on small businesses to obtain your financial records and sensitive information based on a loan approval - which does not exsist. They tell you your approved, ask for contracts signed and access to your bank. DO NOT GIVE THEM THIS INFORMATION. I am contacting my States Attorney General and warning small business owners through the Better Business Bureau and Chambers of Commerce and NFIB.
I was dealing with a local broker who dealt directly with these people. This is a high risk business lender with ridiculously high interest and my credit is not as great as it once was. I have a popular BBQ restaurant and needed some capitol for a better sign, some new equipment, etc. After jumping through hoop after hoop for them, being grilled about things in my business and personal bank accounts, and generally being talked to like I am a 6 year old, this company backed out at the 11th hour!! Their reason? December revenue is lower than the last three months that showed growth each one. December slows down for the holidays! Everyone, including people NOT in business know this. Unless you are in a food court at the mall, December will be one of you weakest months. But these guys seem to want absolutely no risk and a guaranteed horse. Well, that are what banks are for. We do not need them if they want great credit, no debt, and large sales every month. These people will waste your time, as they did mine. I will be creating a website to tell my story and make sure no one else falls for their shenanigans.
Obtained high repayment business loan from Fast Business Funding which was changed over to Everest Business Funding. Daily withdrawals always taken from account with no missed payment until family had personal tragedy - family member murdered by husband leaving 5 children with no parents. Main business account where money was withdrawn got messud up; requested they change withdrawals to different account which they would not do.
Finally got slowly back on track but numerous payments retuirned.
Counted all daily withdrawals - deducted payments returned and realized account paid in full. Asked my bank to not allow any further payments from Everest in fall of 2015.. turns out I missed one 449.10 payment.
Through many E-mails trie to rectify situation; came to agreement if missing payment was sent account could be considered paid. Supposed to be done by end of November 2015 but my husband hospitalized with pneumonia & tb indicators.
Mailed check to satellite office
Unfortunately, our office in old building in rural town: lost telephone service and computer access & then computer crashed after lines repaired. Had no further calls or E-mail access with Everest through no fault of our business.
Got telephone message today from private investigator representing Recovery Services in Illinois. He is coming to inspect our personal home for tangible assets he can seize for their money. Spoke with a Mr. Slater who represents Everest who now wants $ 10,000 because of UCC we broke contract by requesting bank not allow any further deductions and breach of signed contract re: payments.
We borrowed $ 30,000 and paid them back twice the money which we agreed to do and did but made a 449.10 error.
We were desperate for money for working capital and I now know this is just another preditory firm preying on desperate consumers. But now to go from owing 449.10 to $ 10,000.00 is over the top. Told their represetative Mr. Slater the most I could afford to pay was $ 2,500.00.. not acceptable to him.
Don't know where to turn next.. do I have to hire an attorney which I can't afford. I would very much appreciate and welcome any suggestions anybody has for me.
Everest Business Funding Reviews
Run as far, and as fast, as you can from this Predatory Lending Firm. They will lend you money, and then use every unethical, immoral, and likely illegal tactic to try and get you to pay MORE than you owe. They are loanshaks disguised as "Merchant Cash Advance" firms and they will do everything they can to put you out of business. BEWARE>>>>>
They will contact your clients, associates, and others you deal with and tell them LIES; share your PERSONAL information without your consent, and basically threaten to destroy you if you do not give in to all of their ridiculous, outrageous and, very likely illegal predatory actions.
I was looking for a loan to pay off some higher interest loans. Very slow process (5 days). Contract was very vague and seemed a little fishy. Salesperson couldn't explain specifics. I was promised funds between 3-5pm Friday. After numerous phone calls and emails, jumping through hoops (depositing more money into my account) I was told they had my address wrong and I would have to wait until Monday for funds. Considering I sent them my commercial lease, I'm taken back as to why they would have my address wrong. I've taken loans before and I suggest National Funding. They delivered funds within 24 hours of my initial call. Everest really blew this one for me, the funny part is that I was asked multiple times to give them a review.. Beggars cant be choosers. However, I chose this path to simply save money. I am now past my payoff deadline, missed time on the job (paid employees) trips back and forth to the bank etc., which has in turn cost me thousands. If Everest would have been on the ball with this case, we both would have made money.
THIS IS A SCAM to GAIN ACCESS to Sensitive Information. DO NOT GIVE EVEREST BUSINESS FUNDING YOUR BANK INFORMATON OR QUICK LOANS DIRECT
Beware of Everest Business Funding and Quick Loans Direct out of Miami Florida. They are running a scam on small businesses to obtain your financial records and sensitive information based on a loan approval - which does not exsist. They tell you your approved, ask for contracts signed and access to your bank. DO NOT GIVE THEM THIS INFORMATION. I am contacting my States Attorney General and warning small business owners through the Better Business Bureau and Chambers of Commerce and NFIB.
I was dealing with a local broker who dealt directly with these people. This is a high risk business lender with ridiculously high interest and my credit is not as great as it once was. I have a popular BBQ restaurant and needed some capitol for a better sign, some new equipment, etc. After jumping through hoop after hoop for them, being grilled about things in my business and personal bank accounts, and generally being talked to like I am a 6 year old, this company backed out at the 11th hour!! Their reason? December revenue is lower than the last three months that showed growth each one. December slows down for the holidays! Everyone, including people NOT in business know this. Unless you are in a food court at the mall, December will be one of you weakest months. But these guys seem to want absolutely no risk and a guaranteed horse. Well, that are what banks are for. We do not need them if they want great credit, no debt, and large sales every month. These people will waste your time, as they did mine. I will be creating a website to tell my story and make sure no one else falls for their shenanigans.
Obtained high repayment business loan from Fast Business Funding which was changed over to Everest Business Funding. Daily withdrawals always taken from account with no missed payment until family had personal tragedy - family member murdered by husband leaving 5 children with no parents. Main business account where money was withdrawn got messud up; requested they change withdrawals to different account which they would not do.
Finally got slowly back on track but numerous payments retuirned.
Counted all daily withdrawals - deducted payments returned and realized account paid in full. Asked my bank to not allow any further payments from Everest in fall of 2015.. turns out I missed one 449.10 payment.
Through many E-mails trie to rectify situation; came to agreement if missing payment was sent account could be considered paid. Supposed to be done by end of November 2015 but my husband hospitalized with pneumonia & tb indicators.
Mailed check to satellite office
Unfortunately, our office in old building in rural town: lost telephone service and computer access & then computer crashed after lines repaired. Had no further calls or E-mail access with Everest through no fault of our business.
Got telephone message today from private investigator representing Recovery Services in Illinois. He is coming to inspect our personal home for tangible assets he can seize for their money. Spoke with a Mr. Slater who represents Everest who now wants $ 10,000 because of UCC we broke contract by requesting bank not allow any further deductions and breach of signed contract re: payments.
We borrowed $ 30,000 and paid them back twice the money which we agreed to do and did but made a 449.10 error.
We were desperate for money for working capital and I now know this is just another preditory firm preying on desperate consumers. But now to go from owing 449.10 to $ 10,000.00 is over the top. Told their represetative Mr. Slater the most I could afford to pay was $ 2,500.00.. not acceptable to him.
Don't know where to turn next.. do I have to hire an attorney which I can't afford. I would very much appreciate and welcome any suggestions anybody has for me.