BridgePoint Capital predatory lending Irvine California
Similar to payday loans for small businesses with the exception that Bridge Point isnt the once lending. Bridge point capital says to help you get the financing your business needs and they do that by applying with as many credit companies necessary to get you the funds. All through credit cards with 25-30% interest rate. On top of int. rate charged by bank THEY charge 15%-20% of the total amount they got for you. (on $100k you pay them $15k upfront)
DO NOT SIGN POWER OF ATTORNEY. THEY WILL HAVE CONTROL TO APPLY ON YOUR BEHALF TO AS MANY LENDERS AS THEY WANT AND USE ACCOUNTS.