Seek Capital

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Seek Capital Review

Seek Capital does the hard work for you to get funding for your business. Despite high fees, the convenience may outweigh the expense for many business owners.

    Erica Seppala
  • UPDATED

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Erica Seppala

Erica Seppala

Expert Analyst & Reviewer at Merchant Maverick
An expert in accounting, finance, and point of sale, Erica has been researching and writing about all things small-business since 2018. Erica's insights into personal and business finance have been cited in numerous publications, including MSN, Real Simple, and Reader's Digest. She is a graduate of Limestone College.
Erica Seppala
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2 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.

    Paul Harvey

    Organization Name: Polychrome Studios

    I was matched to Seek Capital through another site and within a few mibutes got a call from them. After speaking to the first representative I decided not to pursue working with them and asked the rep to remove me from their call list. I then received another 50 calls over the next 3 days from Seek, all reading the same script, and I asked everytime to be removed from their list and to stop calling me. After a dozen more calls the fourth day I had to block their number and email address to get them to stop.

    • Organization Name: Polychrome Studios
    unhappy customer

    Erica, you might want to google their review and it is clearly not excellent as you stated. Seek Capital did not want to communicate via email to confirm the fact I wanted cash deposited into my business checking account. The contract was signed due to the misleading conversation on the phone. My business doesn’t need to make any purchase, how would I get balance by using credit cards to transfer? The contract should be voided base on the fact that Seek Business mislead me to say the best, lying to me to say the worst. Now they sent me a $1000 early termination bill. I did not ask for termination. I only asked to confirm that I would be getting cash. They never did confirm. They can not confirm that because they can’t get that service. Then why they asked you to sign a contract? The following is the time line and I have emails and text to provide proof.Jul 1 – Hour long phone call with B.P.. Explained to her about my option trading business and stated that I needed Cash deposited into my business checking account. Jul 2 – Hour long phone call again with M.R.. Explained to him my need of cash. He explained his service and was positive he could get me 20k to 40k funds. The banks would charge for cash is 0 – 5%, interest rate is 0% for 9 to 12 months. Seek Capital’s fee is 11.99% of funds less than 40K and 9.99% of funds above 40.1K. I needed to purchase the $595 liquidation service in order to get cash deposited into my business checking account. He told me they had bank relationships and never explained that liquidation service is balance transfer. Signed the contract. Jul 2 – Read reviews online after I signed the contract. Many of their customers complained that they only got the credit cards but not cash or loan. Jul 3 – Received email from G. P. my Client Support Representative. She requested five action items from me to complete and to make appointment with her to discuss about the funding application. Jul 3 – Replied G. P.’s email to confirm that I would be getting cash deposited into my business checking account and the cost associated with the service. I canceled the Bank negotiations service in this email as well. Never got a reply from her. Sent the same email to B. P. as well and never heard back from her again.Jul 9 – Received email from I. M.. He answered my email and listed 10 of the service I would be getting. In the answer, he stated that I would be getting the liquidated funds not cash advances. Liquidated fund is balance transfer. This is not what I have asked in the phone conversation with both B. P. and M. R.. If my business doesn’t require to make charges using credit cards, how would I have balance? I replied I. M.’s email with more questions and never received a reply after. Jul 13 – I.M. texted me on my phone requesting me to give them a call at 323-2386-100. I replied and requested to communicate via email. I sent him another email with questions to make sure that I would be getting cash at the fees we had in the contract. Again no reply email.Ju 14 S. with Seek Business texted my phone wanting to set up appointment to speak. I replied to communication with email again.Jul 15, 16, 19 texted and called my phone wanting to set up appointment to speak despite that I asked to communicate via email. They did not want to communicate via email to confirm the fact I wanted cash deposited into my business checking account. The contract was signed due to the misleading conversation on the phone. My business doesn’t need to make any purchase, how would I get balance by using credit cards to transfer? The contract should be voided base on the fact that Seek Capital mislead me.I demand that the contract void because it was signed under untruth answers.

    1

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

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