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  1. #1

    Ever heard of IBC Funding?

    This company takes small businesses and turns them into corporations. They then use your credit score and the fact that you now have a corporation to go get a loan of any amount. It is split up in $50,000 increments from different banks. This company then gets 10% for consulting fees upfront. You then get an opportunity to invest the money with a 3% intrest rate return every mounth. It turns out to be $1,500 for every $50,000 you invest. I understand that the investment part could be good but the idea of someone getting 10% of a $50K loan is kind of fishy. Has anyone heard of any scams like this?

  2. #2
    Join Date
    Jun 2006
    Posts
    3,120

    Re: Ever heard of IBC Funding?

    From americaoneunsecured.com FAQ

    What are the costs involved? We believe that reputable firms do not charge upfront fees of any kind for financing. Therefore, all our efforts are guaranteed at no cost to you, until your loan is approved and you have funds in hand. At that point we have a loan consulting fee that varies based upon the amount of financing you receive and the type of loan program with which we assisted your needs. Your personal loan consultant will clearly explain our fee structure, both verbally and in writing, before we proceed. Many loan programs have no fees and there are never any obligations on your part.

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