[SmartAdvanced]

https://www.ftechcapital.co/

Person running it goes by the name of "Michael Richards"

Whoever this is, it looks pretty incredible (definitely serves the purpose..)

[abfunders]

Whoever this is, it looks pretty incredible (definitely serves the purpose..)

Looks incredible, but take a look at the bottom line and run the numbers:
"Funding offers two categories of products (a) Merchant Cash Advance and (B) Revenue Based Funding"

The terms he's quoting on the equipment loans are $514800 over 120 months, which is a joke (and SBA doesn't do working capital loans very well), and 52 weeks for $500k total payback is $506480, that's a 1.013 fact rate.

Good ole bait and switch.

[RCG]

Yes, i thought that looked odd as well, and i'm new to all of this, but thought the rate and terms he stated sounded pretty unbelievable

Thank you

[RCG]

ty for your input