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  • Processing fee from Legitimate lender

    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

  • #2
    Re: Processing fee from Legitimate lender

    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.

    Comment


    • #3
      Re: Processing fee from Legitimate lender

      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.

      Comment


      • #4
        Originally posted by davisbt58 View Post
        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

        Comment


        • #5
          Re: Processing fee from Legitimate lender

          Originally posted by Unregistered View Post
          STUPID AF DUDE
          Same could be said of you since you posted a useless comment on a two and a half year old thread.

          Comment


          • #6
            Re: Processing fee from Legitimate lender

            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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