Los Angeles, CA asked in Business Law for California

Q: Small business credit say I’m prequalified then talk to me so rude and deny me any credit. Can I do something?

1 major loan company called me 3 times a day after they denied my new business credit to offer my business credit then they tell me I don’t qualify. The next day that same company that denied me over the phone sends me a very elaborate message that my business is qualified for 255k at 3.5% and that the money can be in my business account by that afternoon so I called and the person on the line treated me rude and says my business is not qualified for 255k at 3.5 % I’m tired of it , they are causing me stress ! I have a business plan for profit and all I need are the funds to make my business ( wealthland corporation) a success

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1 Lawyer Answer
Julie King
Julie King
  • Monterey, CA
  • Licensed in California

A: Block their phone number on your cell phone and don't answer their calls on a work or other landline. They are obviously not professional. Be cautious about companies that say you are "pre-qualified for loans" because those ads almost always say, IN SMALL PRINT, there is no guarantee that you will qualify even though the large print says you are already pre-qualified. Try the SBA - Small Business Administration for a loan if no bank is working with you. Best wishes.

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