Home: Message List - Has anyone heard of The National Angel Investor Forum?

Re: Has anyone heard of The National Angel Investor Forum?

Countess — Wed, 25 Mar 2009 17:07:23 GMT

Class action is the only way to do it. And I'll bet there are plenty of people here willing.

Re: Has anyone heard of The National Angel Investor Forum?

tchadwick — Fri, 13 Mar 2009 16:04:54 GMT

SCAM!!!!! SCAM!!!!!!!!!! they charge you $250 just to have a conference call with them. they do it as a video conference with some fat guy that you can tell is not interested. a week later they email you a letter stating that they have decided to only fund 25% or something like that. at first it sounds like not too bad of a deal, but then you read they terms and they make it so unrealistic, that knowone in their right mind is ever going to take the money. Also, to prove that they have no interest in you or your deal, you will never hear from them again. i made the mistake and have moved on and found great people to work with, but these are not the ones. feel free to email me if you have more questions. i would like to get the word out to as many people as possible.

Re: Has anyone heard of The National Angel Investor Forum?

sfmusicgroup — Thu, 26 Mar 2009 18:18:09 GMT

Please email me at racketmaster@hotmail.com. The more people we have who feel that they have been scamed, the more likely a class action lawsuit will work. Thanks

Re: Has anyone heard of The National Angel Investor Forum?

madmatz — Thu, 02 Apr 2009 19:05:46 GMT

Yes some companies do charge underwriting/application fees. That is their choice. Our company does not as we make our money from results and keeping our clients happy; they in return send us more business.

There is nothing wrong with charging an up-front fee however, the entity must have the ability to follow through. There is something very wrong with charging a fee just to speak with someone so they may consider if your deal is even fundable. A credible institution will know if a particular deal is within range of their funding ability and if it within their funding niche.

Re: Has anyone heard of The National Angel Investor Forum?

madmatz — Thu, 02 Apr 2009 18:59:15 GMT

You have confirmed my original theory of this company after having communicated with them. Thanks for the information.

Re: Has anyone heard of The National Angel Investor Forum?

wilfin — Thu, 02 Apr 2009 17:44:44 GMT

Excellent post Listenup. Thanks for the updated info.

Re: Has anyone heard of The National Angel Investor Forum?

ggoodard — Thu, 02 Apr 2009 14:09:05 GMT

I know of two people (businesses) that have ha the misfortune of knowing National Angel Investor Forum. One of them was looking for a small Bridge Loan. This Bridge Loan of $25,000 was guaranteed by an independent Corporation that has been in business for over 15 years and has a great DnB rating. NAIL would not consider the DnB report. My client has wasted almost four months on them. Don't waste your time, just ignore them!

Re: Has anyone heard of The National Angel Investor Forum?

wilfin — Thu, 02 Apr 2009 04:30:38 GMT

One thing to consider. Never expect any lending or brokerage to extend a guarantee. If they ask for
an up front fee and actually "guarantee" a loan to you, be skeptical and then run,don't walk. There is never
a guarantee in anything.

Our company does charge a nominal upfront application fee. This is for processing, as it does take time,etc.
to prepare the loan application. You will see "upfront" in our docs there are absolutely no other fees other than
the compensation on the back end. All spelled out in writing, and no guarantee. Our nominal fees range from $200
to $379.00. Only guarantee we make is we work our behinds of for you as again we our compensation comes from
the back end if we are able to arrange and close a loan for you. In my opinion, that's how it should be.

Re: Has anyone heard of The National Angel Investor Forum?

wilfin — Thu, 02 Apr 2009 03:29:30 GMT

$250 is a very nominal fee. There is never,NEVER a guarantee. My company will charge a nominal
"upfront" fee which is an application fee. There is much paperwork that needs to be done,etc. However
our compensation comes from the backend, which only means IF we get you funded. Again our company
makes absolutely no guarantees other than we do our best. If I charge you $379.00 for commercial funding
upfront, I do not make a dime of that and frankly nor does my company. I do look primarily for large commercial
deals $2M up and make 2-2.5 points on certain deals. But that's on the back end only. It states so in our
documents.

Now, if a company is looking for merchant cash advances or factoring, we can help with that as well.

Call (910)547-3449 or email me at chris.harper@wfginc.net

Re: Has anyone heard of The National Angel Investor Forum?

Countess — Thu, 02 Apr 2009 03:56:32 GMT

smart thinking as in DON'T waste the money.