Capital Funds Inc. Broker Review

Warning Investors Capital Funds Inc. – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements

Introduction

In the ever-evolving landscape of small business financing, Capital Funds Inc. emerges as a contender. Promising flexible terms, rapid approvals, and competitive interest rates, this lending institution seems like a beacon of hope for entrepreneurs seeking financial assistance. But can you trust them with your business’s financial future? Let’s delve into various aspects to provide you with a comprehensive review.

Regulation and Compliance

Before considering Capital Funds Inc., it’s essential to address the regulatory aspect. A major red flag emerges when we turn our attention to the Alberta Securities Commission (ASC), which issued a stern warning about this company. The ASC, in a public advisory dated September 23, 2020, labeled Capital Funds Inc. as a potential investment scam. It was brought to light that the company lacked registration to sell securities or provide investment advice in Alberta.

Adding another layer of complexity, Capital Funds Inc. appears to have connections with a company named Capital Group, which also finds itself on the ASC’s Investment Caution List. Investors are, therefore, cautioned to exercise extreme vigilance when dealing with these entities and advised to thoroughly verify the registration status of any firm or individual offering investment opportunities.

Reputation

Capital Funds Inc.’s reputation or, in this case, its lack thereof, should raise concern. The company’s background, ownership, and even its location remain shrouded in mystery. While their website suggests a Canadian base, it offers no specific provincial or city details. On their Facebook page, they’ve listed an address matching another legitimate entity, iCapital Financial Services Group Inc., based in Toronto, Ontario.

However, the confusion doesn’t stop there. On their LinkedIn page, they claim a New York City location, which does not align with the phone number they’ve provided, featuring a +44 country code typically associated with the United Kingdom. This raises questions about the company’s legitimacy and whether they’re registered or licensed to operate in any of these jurisdictions.

Customer Support and Customer Reviews

When it comes to evaluating a company, one of the most significant indicators of its reliability and quality is its customer service and customer reviews.

Customer Support: Unfortunately, contacting Capital Funds Inc. is far from straightforward. Their website offers only an online form and a chatbot for communication. There’s no readily available phone number or email address to reach them directly, making the customer service experience less than ideal. The chatbot, too, falls short of expectations, only gathering basic information without providing any substantial assistance or answers to inquiries.

Customer Reviews: Scouring the internet for reviews of Capital Funds Inc. doesn’t yield promising results. On Trustpilot, for instance, only two reviews exist, both awarding the company a mere one star and warning prospective clients to steer clear. Allegations of upfront fees followed by disappearing act scams are among the grievances. It’s a bleak picture painted by these reviews.

On Google Reviews, only three reviews exist, all granting five stars and praising the company for a swift and hassle-free loan process. Yet, these reviews are marred by suspicions of being fake, given that they originate from accounts with no other activity or reviews on Google and provide no specific details about their experiences with Capital Funds Inc.

Services

Capital Funds Inc. claims to offer four types of services: equipment financing, merchant cash advances, invoice factoring, and lines of credit. Regrettably, their website lacks crucial information regarding how these services operate, the eligibility criteria, interest rates, fees, and terms and conditions. This opacity raises concerns about the transparency and trustworthiness of their offerings.

– Equipment Financing: This type of loan facilitates the purchase or leasing of equipment for businesses.

– Merchant Cash Advance: It provides businesses with a lump sum in exchange for a percentage of future credit card sales.

– Invoice Factoring: This service allows businesses to sell unpaid invoices to a third party for immediate cash.

 

– Line of Credit: It provides businesses access to a predetermined amount of money that can be drawn as needed.

Conclusion

In conclusion, Capital Funds Inc. leaves us with numerous questions and uncertainties. The warning signs and red flags raised in this review highlight the company’s questionable reputation, lack of transparency, and regulatory concerns. These factors, coupled with the dubious customer reviews and a lackluster customer service experience, call into question the trustworthiness of Capital Funds Inc.

For anyone in search of business loans, it’s strongly advised to steer clear of Capital Funds Inc. and explore alternative options offered by more reputable and credible lending institutions. Numerous legitimate online lenders provide fast, flexible, and transparent financing solutions for small and medium-sized businesses, ensuring a safer and more secure financial future.


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