Rec'd a rebocall for business loans. Pressed 1 to speak to someone. The live person with an accent would not give me the name of the company until I provided him with my company name, my name, and my monthly revenue. So, I made it up. Once I gave him the info, he transferred me to Gary @ Capital Advance who I informed I would be reporting to the FTC and to enjoy his $10,000 fine. I also reported to DONOTCALL.gov.
Quote:Hi, this is Julia. Congratulations, your business has been pre-approved for a $250,000 small business loan.
Press 1 now to speak to a cash specialist. No credit check is required for the approval and we can get your loan finalized within the next 48 hours, regardless of what you need the funds for.
Once again, press 1 now or press 2 to be placed on our do not call list, thank you.
5 Red Flags of a Business Loan Scam:
No legitimate lender will ever guarantee your approval for a small business loan before you have applied. Period. If any person guarantees that you will qualify for a loan before having received your application and reviewed your financials-especially with such promises as "regardless of low or no credit"-you can assume that they are up to no good.