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7 Replies Last post: Nov 6, 2008 4:01 AM by galvanics

any experience with Business Funding Services? Claims they

Mar 28, 2009 6:20 AM

Click to view retail05's profile Professional retail05 4 posts since
Mar 28, 2009
help obtain loans and grant money. www.businessfundingservices.net ... I co-own a small business that is maxed out with cc debt ... need to desperately refinance our exisiting debt but worried about scams.
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Click to view LUCKIEST's profile SCORE LUCKIEST 7,935 posts since
Aug 6, 2007
1. Re: any experience with Business Funding Services? Claims they Mar 28, 2009 9:38 AM
in response to: retail05
Business Funding Services, Welcome

Who are you?? Where are you?? What kind of Business??

How long have you been in business??

Talk to me, LUCKIEST
Click to view dealersfirst's profile Professional dealersfirst 6 posts since
Mar 26, 2009
2. Re: any experience with Business Funding Services? Claims they Mar 28, 2009 12:05 PM
in response to: retail05
retail05,

There is unfortunately a lot of Grant BS on the internet these days, this is what I would what out for:

1. Is there a verifiable business address listed, and not a UPS mailing center.
2. If it is a true Lending institution the company should have a corporate structure listed on the site.

Check out Businessfunding Services' Terms of Service Page, see copy of it below:

"TERMS OF SERVICE

BUSINESS FUNDINGS SERVICES,
INC. DOES NOT PROVIDE ANY GRANT FUNDING OR LOANS TO INDIVIDUALS OR
BUSINESSES. BFS, INC. ONLY PROVIDES GRANT RESEARCH, AND GRANT WRITING
TO HELP INCREASE YOUR CHANCES OF RECEIVING FUNDING. WE WILL PROVIDE ALL
UPDATED RESEARCH ON ACTIVE FOUNDATIONS GIVING OUT GRANT MONEY FOR YOUR
SCOPE OF RESEARCH. WE THEN WILL PURSUE THE GRANT ON YOUR BEHALF, ONCE
THE GRANT HAS BEEN WRITTEN ALL CORRESPONDENCES WILL BE HANDLED BY
CLIENT WITH SPECIFIED FOUNDATION. WE HANDLE ALL THE PACKAGING AND
APPLICATIONS FOR LOANS, WE DO NOT GUARANTEE ANY TYPE OF FUNDING OR LOAN
FROM ANY FOUNDATION OR ADMINISTRATION."

You should be able to find some helpful information here

http://www.usa.gov/Business/Self_Employeds.html

Also the Small business administration at www.sba.gov

Remember most Legit Government sites are .gov

Check these out:

www.whitehouse.gov REAL SITE
www.whitehouse.com BOGUS WHITEHOUSESITE

www.sba.gov REAL SITE
www.sba.org BOGUS SBA SITE

Hope it helps

David G

www.dealersfirstaffiliates.com

Click to view retail05's profile Professional retail05 4 posts since
Mar 28, 2009
3. Re: any experience with Business Funding Services? Claims they Mar 28, 2009 12:05 PM
in response to: retail05
Children's boutique in evanston, IL .... been in business over 4 years. Have a business plan from when we started the business. We were on an upward track last fall until economy tanked in Oct. Sales are okay but need to refinance our inventory debt for better cash flow.
Click to view ggoodard's profile Mogul ggoodard 79 posts since
Nov 29, 2008
4. Re: any experience with Business Funding Services? Claims they Mar 28, 2009 3:15 PM
in response to: retail05
There are firms that will provide working capital against current assets. If you would like to email me at the email adderess in my profile I will be happy to point you in the right direction.
Click to view ilyab0dner's profile Mogul ilyab0dner 63 posts since
Aug 27, 2008
5. Re: any experience with Business Funding Services? Claims they Mar 29, 2009 8:02 PM
in response to: retail05
You may consider a business credit card. Here are some useful tips.

A true business credit card is a line of credit that is taken in the name of the business, under the business' credit. Activity, whether good or bad, is reflected on your business' credit report through D&B and other financial institutions, and the liability for any debts incurred and bills owed is with the business.However, some companies out there offer "business" credit cards which they require a person guarantee for. These institutions will often ask for a personal guarantee, and will almost always ask for a social security number from the person applying for the card. If this is the case, the credit card is not a business credit card, but is simply a personal credit card which is used for the business. The business is not liable for bills and debts - you are.When applying for a credit card for your business, watch out for areas asking for your SSN (and not your TaxID or EIN) and be wary of any credit card that asks for a personal guarantee. By ensuring that your credit card is in the name of your business, you can help to build your business' credit, while avoiding creating problems with your own.


Many companies offer a list of credit cards that are issued under the business name only. Those lists typically run $300-$900, depending on the quality of the information inquiring. I would suggest starting your search online via google or yahoo. Search for "strong business credit" (just like that in quotes) to find services that sell the information.


Good luck,

Ilya Bodner

Small Business Owner

Initial Underwriting Group

Click to view ggoodard's profile Mogul ggoodard 79 posts since
Nov 29, 2008
6. Re: any experience with Business Funding Services? Claims they Mar 30, 2009 8:14 AM
in response to: retail05
Please view my profile and email me if you think I can be of assistance.

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