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Forward Financing Review

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Forward Financing Review

  • 3 comments
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Date Established
2012
Location
Boston, MA
Chris Motola

Chris Motola

Finance Writer at Merchant Maverick
Chris Motola is a writer, programmer, game designer, and product of NY. These days he's mostly writing about financial products, but in a past life he wrote about health care and business. He's a graduate of the University of Central Florida.



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3 Comments

Responses are not provided or commissioned by the vendor or bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the vendor or bank advertiser. It is not the vendor or bank advertiser's responsibility to ensure all posts and/or questions are answered.

    Michael Watts

    Organization Name: Hanover

    Most of these MCA Company’s hire people that have no idea about the Economy.. They Cold Call and have no idea about what they are talking about !! Promise Business owners anything just to say to there bosses they have a potential client !! Meanwhile just the owners make all the commissions on the deals and destroy a lot of companies!! Back in my day they would be hung out a window
    They are all full of sh*t and only care about what commission they get and pay the workers pretty much nothing

    • Organization Name: Hanover

    This comment refers to an earlier version of this review and may be outdated.

    KATHRYN R

    Organization Name: Precision Paving & General Contracting, LLC

    Exceptional Client Geared Company Our account manager is better than yours 😉 Ricardo J and the ENTIRE teamYou absolutely went above and beyond this morning. Like we discussed on the Phone owning a business is not for the faint of heart. We have had so many obstacles to overcome since receiving the loan -some of them have been with kind people and other obstacles – not so kind people-To the point that we didn’t even want to answer the phone. You are the example of someone who genuinely cares about their customer and not just their paycheck. You take pride in your job and are conducting business with integrity and high standards. I hope your company realizes what an asset you are and is proud to have you as a part of their family. Your approach with us – your client – is what we hope our foundation is based on. Rarely you will find businesses that share the same values and that is very unfortunate. Without the challenges that we are faced to overcome how could we ever truly appreciate what we have? Stay humble and stay kind!We want to thank you for connecting with us, truly understanding the issue and being willing to provide a solution. We wish you the best and look forward to having you as our account manager.

    5
    • Organization Name: Precision Paving & General Contracting, LLC

    This comment refers to an earlier version of this review and may be outdated.

    William F Malzone

    Organization Name: Xcellent Technology Solutions

    Fundamentally dishonest and dishonorable company. Borrowing money from organized crime would be a better alternative. Forward financing rights contracts and then doesn’t live up to them. To get around usury laws forward financing sells “advances” of future sales. The APY on a loan I reviewed that the majority owner had accepted prior to my arrival works out to 163%. More than that in order to make this legal forward financing puts in a clause that in the event of a business downturn they will renegotiate the offer …don’t expect them to honor this clause. Their reputation is poor even among other subprime lenders. After litigation they even balked at living up to the legally appointed terms of the settlement. We had to have our lawyer compel them to honor the agreement they had signed just a few months later. The mob’s 2 points a week is actually better and if you absolutely must borrow subprime borrow from a number of similar companies who are actually reasonable business people.

    1
    • Organization Name: Xcellent Technology Solutions

    This comment refers to an earlier version of this review and may be outdated.

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