Processing fee from Legitimate lender

[davisbt58]

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

[Disagreeable]

One should shy away from foreign investors IMO.

[Sax]

Originally Posted by davisbt58

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

Why the blazes would any reasonably intelligent individual be asking total strangers, and anonymously at that, complex legal questions pertaining to a matter of such financial import and consequence?

If you can't afford to pay for competent professional guidance, vis-à-vis, then you have no business engaging in this business.

Originally Posted by davisbt58

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

STUPID AF DUDE

[adjusterjack]

Originally Posted by Unregistered

STUPID AF DUDE

Same could be said of you since you posted a useless comment on a two and a half year old thread.

[Lexus]

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.