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I received this funding offer. Does anyone know if it is a scam?

by SEO4hire
12 replies
I am seeking an investor and/or funding for a startup idea that I have, and received a response to one of the ads that I posted on Craigslist. I have actually received 2 responses where the terms are silimilar but slightly different. It seems like it might be a scam, but I can't quite figure out how I would get scammed if it is. Here is the email:

Am private lender/Investor and I can give a short and a long time loan
without any hidden payment.

Use our UNSECURED (No Collateral) As a Business product or Home, this will
not show on your personal credit report. Home Equity Lines of Credit,
Business Credit Lines, Business Credit Cards and Personal Major Credit
Cards, Most Transactions funded in full in 3 days.

Here are the terms below:

• No UPFRONT MONEY
• No Financial Statements,
• No Tax Returns
• No Asset Documentation
• Competitive Rates- starting at about 0 % to 1.9% for 1st 6-15 months
• Secure and Confidential
• Minimum Loan is 50K
• FREE Consultation• NO Lawyer Fee
• 6% Interest Rate.
• No Prepayment penalty
• 30 Years Loan Duration.
• No Vat/Tax during Transfer.
• No Transfer Charges.
• Low Document loans available

Kindly get back to me if you are serious in getting your loan from us.

Is anyone familiar with this? If so, is it legitimate or a scam? Please post your thoughts and/or experience if you have looked into something like this.
#finding #offer #received #scam
  • Profile picture of the author travlinguy
    Originally Posted by SEO4hire View Post

    I am seeking an investor and/or funding for a startup idea that I have, and received a response to one of the ads that I posted on Craigslist. I have actually received 2 responses where the terms are silimilar but slightly different. It seems like it might be a scam, but I can't quite figure out how I would get scammed if it is. Here is the email:

    Am private lender/Investor and I can give a short and a long time loan
    without any hidden payment.

    Use our UNSECURED (No Collateral) As a Business product or Home, this will
    not show on your personal credit report. Home Equity Lines of Credit,
    Business Credit Lines, Business Credit Cards and Personal Major Credit
    Cards, Most Transactions funded in full in 3 days.

    Here are the terms below:

    • No UPFRONT MONEY
    • No Financial Statements,
    • No Tax Returns
    • No Asset Documentation
    • Competitive Rates- starting at about 0 % to 1.9% for 1st 6-15 months
    • Secure and Confidential
    • Minimum Loan is 50K
    • FREE Consultation• NO Lawyer Fee
    • 6% Interest Rate.
    • No Prepayment penalty
    • 30 Years Loan Duration.
    • No Vat/Tax during Transfer.
    • No Transfer Charges.
    • Low Document loans available

    Kindly get back to me if you are serious in getting your loan from us.

    Is anyone familiar with this? If so, is it legitimate or a scam? Please post your thoughts and/or experience if you have looked into something like this.
    Could be legit. There are plenty of real lenders out there. Only way to tell is to communicate with them. Ask for references, business license, etc. Good luck.
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  • Profile picture of the author brutecky
    Looks like a scam to me.
    Also why in the world would you look for an investor on Craigslist? If your serous thats not the way to find one.
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    • Profile picture of the author travlinguy
      Originally Posted by brutecky View Post

      Looks like a scam to me.
      Also why in the world would you look for an investor on Craigslist? If your serous thats not the way to find one.
      Really? I've actually had good experiences with dozens of legitimate businesses on Craigslist. Realtors, service providers of all types, private individuals. Craigslist is a goldmine if you approach with caution and use common sense.
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      • Profile picture of the author djhickory
        Originally Posted by travlinguy View Post

        Really? I've actually had good experiences with dozens of legitimate businesses on Craigslist. Realtors, service providers of all types, private individuals. Craigslist is a goldmine if you approach with caution and use common sense.
        100% TRUE
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      • Profile picture of the author SEO4hire
        Originally Posted by travlinguy View Post

        Really? I've actually had good experiences with dozens of legitimate businesses on Craigslist. Realtors, service providers of all types, private individuals. Craigslist is a goldmine if you approach with caution and use common sense.
        My overall experience as well
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    • Profile picture of the author SEO4hire
      Originally Posted by brutecky View Post

      Looks like a scam to me.
      Also why in the world would you look for an investor on Craigslist? If your serous thats not the way to find one.
      A couple of years ago, a friend of mine had good luck locating an investor on Craigslist, so I thought that I would give it a shot. Due to some bad choices in my early twenties, my credit is average at best, so I thought I would give it a shot. I would like to try some crowdfunding sites, but cannot think of a way to pitch my idea without giving away the concept.
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  • Profile picture of the author Venturetothetop
    Rookie mistake - starts message with 'I am an investor' ends with 'from US'

    If I remember correctly the Nigerian emails always said you had free money when they started their chats.... my guess is that it's either a pay per lead marketer (legit) or a scammer.
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    • Profile picture of the author SEO4hire
      Originally Posted by Venturetothetop View Post

      Rookie mistake - starts message with 'I am an investor' ends with 'from US'

      If I remember correctly the Nigerian emails always said you had free money when they started their chats.... my guess is that it's either a pay per lead marketer (legit) or a scammer.
      Good point. I wrote back to them asking them for a website or some type of proof that the offer is legitimate. We'll see if I ever get a response.
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    • Profile picture of the author Steve B
      Come on . . .

      A 30 year loan of more than $50K with no financial statements, tax returns, or asset documentation?

      You're wasting your time.

      Steve
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      Steve Browne, online business strategies, tips, guidance, and resources
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      • Profile picture of the author travlinguy
        Originally Posted by Steve B View Post

        Come on . . .

        A 30 year loan of more than $50K with no financial statements, tax returns, or asset documentation?

        You're wasting your time.

        Steve
        In 2007 I got a loan for $200,000 with only a credit check and my signature.
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        • Profile picture of the author Meharis
          Originally Posted by travlinguy View Post

          In 2007 I got a loan for $200,000 with only a credit check and my signature.

          OK. Everyone back to square one after this answer...

          Meharis
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  • Profile picture of the author Kevin Williams
    Yeah, I'm thinking that it's probably someone trying to redirect you to a CPA-type offer for loans, which may be legit, but also probably not helpful.
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