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Updated almost 4 years ago, 02/25/2021
This company is MESSED UP
On or about February 1, 2020 we applied for business funding with Seek Capital LLC. Sergio spoke with us in detail and we asked him about the difference between a bank loan and the "revolving line of credit" being presented by Seek Capital. He insisted this was a better option than both a bank loan and a credit card and that we should see funding as early as 24 hours. We already had a business credit card in our possession we had obtained prior and with a 750/760 credit score, our company was looking for a cash option for funding.
After explaining the fee structure briefly to us, we opted for the application fee and a DUNS account to be created plus for Seek Capital to act as a liaison for business lines of credit. What we received was a poorly executed Duns account with the wrong information, personal credit card applications that will not reflect on our business credit reports and sales people who avoided all important questions. On several occasions, we noticed inconsistencies in what was told to us over the phone and made a decision to lower the funding amount. Then at one point, when we inquired about cancelling we were told "you're going to owe the money anyway". So, under duress, we proceeded.
The process was rushed by Sergio and Zacky, and after speaking in detail with Zacky about the fraud Seek Capital, LLC committed and their lack of candor, we sent a written request to void the Limited POA and stop all further dealings with their company. Zacky avoided several scheduled meetings and phone calls from us, and we will be attaching all email correspondence along with all other consumer complaints. The Agreement was only signed by one principal in our company and not by Seek Capital, LLC. Further, the Agreement was only valid until 2/3/2021 so any dealings with Seek Capital, LLC were not legally bound.
After Zacky pushed our account to collections and stopped picking up all emails and calls, we were sent to Pamela who seems to be more concerned with defending the company rather than assisting us and complying with their terms and conditions which state "Seek Business Capital's goal is to provide you with excellent service. We want you to be 100% satisfied. If you are not, please contact us right away and we will correct the situation, provide a refund or offer credit that can be used for future Seek Business Capital orders". When we asked for the DUNS account to be corrected, the company blamed us for wrong information but would not explain how the process was done. Is this ported from the IRS or what? She refused to send us the copy of the "application" where the information came from. They are seriously out of control. We are being forced and threatened to pay fees for 1 business credit card obtained and the invoice for 1 conditionally approved personal credit card. To avoid collections, we were forced to pay this fraudulent company. They refuse to answer questions!
They will most likely respond with the cut and paste responses we see on all the other sites where they have been reported. Seek Capital LLC is running an "advanced fee scheme" under the guise of being financial business lenders and consultants. An Advanced Fee Scheme as defined by the FBI is "a victims pays money in anticipation of receiving something greater such as a loan and receives little to nothing in return". The "finder" aka Seek Capital LLC had no intention or the ability to provide financing as advertised on their website and in several phone calls.
Seek Capital LLC also has an expired California Financing Law License as of December 2019, number 60DB0-87717 (this is PUBLIC RECORD) - and should be reported to BBB, FBI and the State of California Department of Business. I have emails where they call themselves lenders, brokers and sometimes consultants. So many other consumers have this same issue and they need to be investigated further.