I received a short term business Loan from World Business Lenders for $15,000. They were very nice and said they were going to give me a great rate and just before closing they changed the interest and told me about the additional fees. At the time I needed the money for my business. I was doing and could not back out at the last minute and signed the loan for 15,000. It was for 188 payments at $127.27 a day, 5 days a week, which comes to a total pay back of $24,052.85 in 9 months. That is $8,458.85 in interest plus a processing fee of $594.00. Throughout the loan process the people I spoke to were rude to me and told me I should not have gotten the loan and when I tried to find out what my payoff amount was it was like trying to find a needle in a haystack. I would be transferred to different voice mails and no one would return my calls. I even talked to a Vice President and when I explained my issues, he was even ruder then the other people I talked to. I have had loans in the past from other companies and the processes were great and I could always access my account online or over the phone to see where I stood on my loan. WBL, would act like you were a pain in the rear if you wanted information about your loan.
WBL is preying on small businesses that are in need of cash and are ripping them off. My loan is almost paid off but wanted to let everyone know to stay far away from this company, they are literally raping small businesses.
World Business Lenders Reviews
I received a short term business Loan from World Business Lenders for $15,000. They were very nice and said they were going to give me a great rate and just before closing they changed the interest and told me about the additional fees. At the time I needed the money for my business. I was doing and could not back out at the last minute and signed the loan for 15,000. It was for 188 payments at $127.27 a day, 5 days a week, which comes to a total pay back of $24,052.85 in 9 months. That is $8,458.85 in interest plus a processing fee of $594.00. Throughout the loan process the people I spoke to were rude to me and told me I should not have gotten the loan and when I tried to find out what my payoff amount was it was like trying to find a needle in a haystack. I would be transferred to different voice mails and no one would return my calls. I even talked to a Vice President and when I explained my issues, he was even ruder then the other people I talked to. I have had loans in the past from other companies and the processes were great and I could always access my account online or over the phone to see where I stood on my loan. WBL, would act like you were a pain in the rear if you wanted information about your loan.
WBL is preying on small businesses that are in need of cash and are ripping them off. My loan is almost paid off but wanted to let everyone know to stay far away from this company, they are literally raping small businesses.