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    6 Replies Latest reply on Mar 30, 2009 8:14 AM by ggoodard

    any experience with Business Funding Services? Claims they

    retail05 Newbie
      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.
        • Re: any experience with Business Funding Services? Claims they
          LUCKIEST Guide
          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
          • Re: any experience with Business Funding Services? Claims they
            dealersfirst Newbie
            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

             

            • Re: any experience with Business Funding Services? Claims they
              retail05 Newbie
              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.
              • Re: any experience with Business Funding Services? Claims they
                Wayfarer
                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
                • Re: any experience with Business Funding Services? Claims they
                  ggoodard Adventurer
                  Please view my profile and email me if you think I can be of assistance.