Warning on Nicholas Simo owner of Spartan advance out of brooklyn. They send fake Term loan docs with multiple MCA contracts and tell the merchants they are getting a term loan meanwhile they fund multiple MCA's. We did one deal with this iso. They Charged the client a 23,000.00 closing fee for a a fake Term loan. They use the proceeds of the advances to secure the closing costs they charge and then dont pick up the phone.

Funder Beware of these two companies they are a fraud ring and are under FBI investigation.

And this is why we need regulation in the industry because of crooks like these guys that send fake contracts and charge upfront fee's.