I was contacted by Al Copland of Capital Alliance by telephone, he said he was afilliated with Visa-Card, Master Charge card and American express.He offered me an opportunity for additional income. All I had to do was provide them with merchants in my area that would be eligable for terminals to read Credit cards.
The company in retun would apply for leads from banks that had turned down bussiness loans, and they would asign 1500 of those account to me.
I would receive $500 for every account that agreed to except the terminals and would receive 1% residuials for everything they recored through their terminals, my expense would be $10.000 by credit card only.
I communicated with Al for one week and emailed over 300 prospect accounts to the company but never received response from anyone.
Greg Baker from Capital Alliance contacted my business on 7/18/2013 - he offered to find us $50,000 loan and that we were ""pre-approved"". He called me from (408) 636-1555. I initialy ignored him but he was very eager and called about 2 times per day.
He sounded legit - he would offer us not $50,000 - but $27,000 towards the purchase of some new equipment for our facility opening in Chicago. All we needed to do was pay a $295 processing fee and then they would draft via ACH withdrawl $251 per day from our account every business day for 6 months. this is a pretty high interest loan - but our lines of credit are quite full at the moment and our cash flow is good enough to afford the interest.
Well, Greg Baker and Capital Alliance is total scam. they have no loans and no ""preferred lenders"". Upon getting our application and details - they charged the ""application fee"".
..... THEN (and ONLY THEN) did they call us back seeking conditions we could not meet to go ahead with the loan.
Its a total scam - the only thing they want is the application fee of $295. You give them your bank info as part of the app - and kiss it goodbye...
Capital Alliance Reviews
I was contacted by Al Copland of Capital Alliance by telephone, he said he was afilliated with Visa-Card, Master Charge card and American express.He offered me an opportunity for additional income. All I had to do was provide them with merchants in my area that would be eligable for terminals to read Credit cards.
The company in retun would apply for leads from banks that had turned down bussiness loans, and they would asign 1500 of those account to me.
I would receive $500 for every account that agreed to except the terminals and would receive 1% residuials for everything they recored through their terminals, my expense would be $10.000 by credit card only.
I communicated with Al for one week and emailed over 300 prospect accounts to the company but never received response from anyone.
Greg Baker from Capital Alliance contacted my business on 7/18/2013 - he offered to find us $50,000 loan and that we were ""pre-approved"". He called me from (408) 636-1555. I initialy ignored him but he was very eager and called about 2 times per day.
He sounded legit - he would offer us not $50,000 - but $27,000 towards the purchase of some new equipment for our facility opening in Chicago. All we needed to do was pay a $295 processing fee and then they would draft via ACH withdrawl $251 per day from our account every business day for 6 months. this is a pretty high interest loan - but our lines of credit are quite full at the moment and our cash flow is good enough to afford the interest.
Well, Greg Baker and Capital Alliance is total scam. they have no loans and no ""preferred lenders"". Upon getting our application and details - they charged the ""application fee"".
..... THEN (and ONLY THEN) did they call us back seeking conditions we could not meet to go ahead with the loan.
Its a total scam - the only thing they want is the application fee of $295. You give them your bank info as part of the app - and kiss it goodbye...
Watchout for these guys and RUN if they call you!