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#1 |
Junior Member
Join Date: Mar 2016
Posts: 1
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Getting ready to start franchise business in the Denver area, was put in touch with Intervention Loan Firm in Dubaim they have approved a loan for my business for $400,000 USD. I understand that there is a legalization stamp required to be applied to these documents, Intervention Loan Firm is asking me to pay a processing fee of $500.00 for this to go through, suppose to hit my bank with in 5 business days. There is a statement after the loan agreement that says if monies are not put in account within the 5 business days, the $500.00 processing fee will be refunded in full within 3 business days, need to know if this is legal aaand if this firm is legitimate, they say that they are a world wide lender, just want to be sure before signing document aaand submitting banking information.
Thanks, Ben Davis |
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#2 |
Top Level Member
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Join Date: Oct 2012
Posts: 15,482
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One should shy away from foreign investors IMO.
__________________
Due to a recent promotion, I should now be referred to as Major Obvious.
I would not be trying to provide information and knowledge if I did not sympathize. Some days it is just not worth chewing through the restraints to face life. |
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#3 | |
Top Level Member
![]() Join Date: Dec 2013
Posts: 607
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If you can't afford to pay for competent professional guidance, vis-à-vis, then you have no business engaging in this business. |
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#4 | |
Guest
Posts: n/a
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STUPID AF DUDE |
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#5 |
Top Level Member
![]() Join Date: May 2016
Posts: 1,418
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#6 |
Top Level Member
![]() Join Date: Sep 2010
Posts: 8,591
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If you are skeptical about the company you should consult a lawyer to understand the legality of the terms and conditions in the loan agreement.
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