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Updated about 5 years ago on . Most recent reply

User Stats

2,113
Posts
195
Votes
Alex Hamilton
  • Property Manager
  • Baton Rouge, LA
195
Votes |
2,113
Posts

Rod Aycox Limited Liability Company

Alex Hamilton
  • Property Manager
  • Baton Rouge, LA
Posted

I Googled Rod Aycox before applying for a business line of credit and it appeared from his apparent wealth he could make private Loans.  I Applied and got my company approved for $10,000 on terms that were so good, it just didn't seem to be true.  Then came the "Red Flag".  $850 processing fee required up front that could not be taken from the Loan proceeds.

Only a copy of my Drivers License was sent with the application to an approval letter which did not indicate any up front fees were clearly required.   Just wanted to know if anyone has sent this Lender an up front Fee, as I'm sure I'm not the first person who finds up front fees for Loans a problem.  If someone on BP moved forward on a leap of faith, I would like to know.

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