BriteCap FinancialReviews of britecap.com

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EXCELLENT STAFF. RESPONSIVE AND CORDIAL. I HAVE BEEN WORKING WITH BRITECAP FOR A COUPLE OF YEARS NOW. ESTABLISHING TRUST WITH BUSINESS ASSOCIATES IS IMPORTANT. IT SHOULD BE REWARDED WITH BETTER TERMS AS RISK DECREASES. I WAS UNABLE TO REVIEW THE TERMS WITHOUT SIGNING THE OFFERING.

Wasn't a smooth transaction to say the least. Then there was a distrust action thrown into the final funding process. After being told only statements for a 90 day period was all that was needed, after being told I was approved by multiple employees I was asked to prove additional transactions over an above the stated requirements. There was an element of distrust by the BriteCap loan "consultant". Also after it was promised Management would call to discuss the matter and my concerns there was a withhold of who could or would actually address issue. Management never called. At 35% interest rates you would think there would be far more interest to provide satisfaction for a new client.

Upgraded loan was premptive in issuance.

My experience wasn’t the greatest. After being giving 3 offers, I decided to take an offer from another partner. They sent me all the documents to sign and accept the offer only to be told I couldn’t get that offer. To much confusion and definitely not transparent.

They were very good in getting the finances, a little on the expensive side but did not have to jump through hoops to get the financing. My only problem is that they also wanted me to move my merchants account to them and now I am waiting much longer to see the money from the credit card receipts.

Ive been using forwardline for the past 9 mos. Here's my honest input on everything. 1. I was told I could use my existing equipment by the sales rep. - Not True. They sent me new equipment. So i am stuck paying on my Clover, and on the equipment they sent me. My clover is costing me $70 a month. Forwardline only reimburses upto $500. This will not cover my clover equipment. Mislead me on this. 2. I was told money would be taken out on each transaction. 20% of each transaction. NOT TRUE they lump up the total and withdraw a large sums at one time. Not per transaction as I was led to believe. 3. They will charge you processing fee for your credit card transactions. Their fees are higher than what mine were. This is what really upset me. Im paying more for processing fees now than before. I was told that forwardlines fees would be comparable if not cheaper than my old processor. 4. Card Processing- You do have to switch to their processing system. Originally I was told I could use mine (NOT TRUE) 5. Loan has to be paid in 18months. Overall its ok. many of the things that the sales rep told me had loop holes or were not true. Also- this week I had a large lump of money taken out $2,000 plus a $400 card processing fee. Our old processing fees have never hit $400 even on our best sales months. This week my account is negative $200. Im really disappointed right now. Lastly - they send you all those flyers that say your pre approved upto $150,000. NOT TRUE!!!! this is just a gimmick, when you call they only approve you for how much you process. I usually process around $15K a month I got a loan for $18K. Well I just received my forwardline card processing statement. On a month that we did $14,000 we were charged $435.44. Our old processor would have been around $200. So thats the truth behind forwardline.

So far my experience is ok...Paul seems like a nice enough salesman but I was misled from what the loan entailed being a credit card processing company to having to send in my paid for compliance good machine to them to hold....am grateful for the loan but time will tell if I regret this dicission or not....