I was looking for a business loan or business line of credit for my company. My understanding with Seek they had people working within banks and other financial institutions that could get both secured. Seek just opened personal credit cards in my name. With approximately 12 credit inquiries to my credit , my score took a hit. Plus they did not secure any business lines of credit.
Thanks for working for us when we really needed help everyone else was full of BS thanks.
I was looking for a cash line of credit and all I got was funding for personal credit cards when I could have done that on my own. To add insult to the injury, I had to pay 9.99% of the APPROVED amount, not USED amount. This does not help small businesses succeed at all. This company should not be in business.
Too many mistakes made, cost of acquiring the money far more than expected would have leveraged good credit to pursue a different form of credit.
Seek Business Capital is a scam. They falsely advertise as "business capital" when all they do is apply for personal and business credit cards which only accomplishes destroying your FICO score and ultimately leaves you with 29.99% interest rate payments burdened by usually small businesses. Seek pressures you to sign there "contract" and then threatens litigation if you don't pay them first. They take the "total" amount in credit cards and charge you 11% even though you cannot get cash from the cards. They are currently under investigation by the New York State Attorney General, the BBB and the Consumer Financial Protection Bureau. They are a criminal organization.
Do not use this company. They charge an excessive fee for basically filling out credit card applications for you. They do not the relationships with banks that they claim to. Stay away from Seek. I am shocked that Lendio is associated with them