Our company contacted Steven Nitsberg, founder and owner of Health Capital Investors, about providing a credit facility. Steven Nitsberg's father Michael is also involved with the "business" as a marketing rep. The Nitsbergs were very aggressive in their sales pitch and when asked about their ability to scale with our company's needs they indicated that their family had made a significant amount of money in the oil industry and had hundreds of millions to lend. They also mentioned several times that Steven Nitsberg was a graduate of West Point and Harvard. They stated that they had funded many transactions, but would only provide references after we entered into a term sheet and paid the diligence fee. Based on their repeated assurances, we paid the fee.
Once the diligence fee was paid, the Nitsbergs became very unresponsive and would not provide the references and certain other information that we had requested in order to diligence them. The financing was targeted to close by October 31, and by mid-November they had still not done any material underwriting. After several emails went unanswered we made the decision to seek financing elsewhere and within two months had closed on a credit facility with a reputable ABL. I know of another individual who ran a similar advance fee scam for years and as a result is serving 18 years in prison. We would be very interested in working with other individuals who were scammed by the Nitsbergs to see that they meet the same fate.
Steven lost a great deal of money in his business. He was desperate for cash and is a stubborn man who will not give up his business or die trying. He scammed not only businesses but his top employee and his own father. I saw a pattern of complaints and have extremely compelling evidence that he committed fraud.
Health capital investors and steve nitsberg still at it!
Steven nitsberg and his company, health capital investors. The continued complaint is that steven takes so much time and resources from potential clients including upfront underwriting fees, but it seems he hardly ever closes a deal. Steven claims to be on the cutting edge of the industry with servicing and capital, when we have seen no proof that he can or will actually close a deal and service it. He prays on the desperate brokers in the industry recycling the same deals over and over. He claims no bs or run around on his company website that has not been updated since 2005! not exactly cutting edge and from our own experience’s and others, that seems to be the only thing he delivers on, bs and the run around.
Please contact us via the link through so that we can get a measure on how many have actually, a. Secured funding without any upfront fees from health capital investors, b. Paid upfront underwriting fees only to end up with a long drawn out process that does not conclude in an actual funding. C., can identify his “in-house” service abilities. While it is common to use outsourced servicing companies, steven claims to have a substantial in-house service team.
Exerpt from their website. “we specialize in providing capital to healthcare providers nationwide including doctors, medical practices, nursing homes, hospitals, home healthcare companies, rehab clinics and others with our working capital, acquisition and accounts receivable financing programs. Currently, we finance healthcare clients whose funding needs range from $100,000 to $100 million. Our standard of service and knowledge of the healthcare industry is unmatched by commercial banks or other finance or factoring companies. Health capital provides flexible, asset-based loans and/or accounts receivable purchase fundings at highly competitive rates, with no hidden fees. Call us today and within 30 days health capital's funding programs could be working for you.”
Health Capital LLC Reviews
Our company contacted Steven Nitsberg, founder and owner of Health Capital Investors, about providing a credit facility. Steven Nitsberg's father Michael is also involved with the "business" as a marketing rep. The Nitsbergs were very aggressive in their sales pitch and when asked about their ability to scale with our company's needs they indicated that their family had made a significant amount of money in the oil industry and had hundreds of millions to lend. They also mentioned several times that Steven Nitsberg was a graduate of West Point and Harvard. They stated that they had funded many transactions, but would only provide references after we entered into a term sheet and paid the diligence fee. Based on their repeated assurances, we paid the fee.
Once the diligence fee was paid, the Nitsbergs became very unresponsive and would not provide the references and certain other information that we had requested in order to diligence them. The financing was targeted to close by October 31, and by mid-November they had still not done any material underwriting. After several emails went unanswered we made the decision to seek financing elsewhere and within two months had closed on a credit facility with a reputable ABL. I know of another individual who ran a similar advance fee scam for years and as a result is serving 18 years in prison. We would be very interested in working with other individuals who were scammed by the Nitsbergs to see that they meet the same fate.
Employee of Steven Response
Steven lost a great deal of money in his business. He was desperate for cash and is a stubborn man who will not give up his business or die trying. He scammed not only businesses but his top employee and his own father. I saw a pattern of complaints and have extremely compelling evidence that he committed fraud.
Steven- Fraud
Did you report him to law enforcement?
Health capital investors and steve nitsberg still at it!
Steven nitsberg and his company, health capital investors. The continued complaint is that steven takes so much time and resources from potential clients including upfront underwriting fees, but it seems he hardly ever closes a deal. Steven claims to be on the cutting edge of the industry with servicing and capital, when we have seen no proof that he can or will actually close a deal and service it. He prays on the desperate brokers in the industry recycling the same deals over and over. He claims no bs or run around on his company website that has not been updated since 2005! not exactly cutting edge and from our own experience’s and others, that seems to be the only thing he delivers on, bs and the run around.
Please contact us via the link through so that we can get a measure on how many have actually, a. Secured funding without any upfront fees from health capital investors, b. Paid upfront underwriting fees only to end up with a long drawn out process that does not conclude in an actual funding. C., can identify his “in-house” service abilities. While it is common to use outsourced servicing companies, steven claims to have a substantial in-house service team.
Exerpt from their website. “we specialize in providing capital to healthcare providers nationwide including doctors, medical practices, nursing homes, hospitals, home healthcare companies, rehab clinics and others with our working capital, acquisition and accounts receivable financing programs. Currently, we finance healthcare clients whose funding needs range from $100,000 to $100 million. Our standard of service and knowledge of the healthcare industry is unmatched by commercial banks or other finance or factoring companies. Health capital provides flexible, asset-based loans and/or accounts receivable purchase fundings at highly competitive rates, with no hidden fees. Call us today and within 30 days health capital's funding programs could be working for you.”