Funding is an integral part of running a business; it is important for every business to get optimum funding and its effective utilization to develop a profitable and sustainable business. To fulfil this need for businesses, many firms like Kennedy Funding are providing funding-related services, where they assist businesses, gather information about their requirements, and find investors for them. This model is successful in many countries, as businesses that lack connections but have the potential to grow and get funding and expertise of an investor. But what happens when a funding company starts scamming businesses and investors? It would result in disastrous situations and huge money losses.
In this post, we will discuss a funding firm, Kennedy Funding, which is accused of doing a scam and also unveil the details mentioned in the Ripoff Report, so keep reading.
What Is Kennedy Funding?
Founded in 1987, Kennedy Funding provides bespoke funding solutions to a variety of firms. Their services are related to acquisition, construction, land, development, bankruptcies, and more.
Their services help clients to borrow loans from lower amounts to higher amounts, such as over $50 million. In its nearly 4 decades of serving, they have expanded its business to multiple countries, including the United States, Canada, the Caribbean, South America, Europe, and more.
They have employed a large number of professionals in their organizations to help clients get money faster and solve special circumstances that arise in a business.
Kennedy Funding’s services are praised because of the following:
- Fast turnaround
- Higher loan of over $50 million
- Maintaining a maximum 75% loan-to-value ratio
- Short commitment and delivering solutions faster
What Is The Ripoff Report?
The Ripoff Report is an online platform for customers where they can publish their honest opinion about a brand, and others can read it to make an informed decision. The review published on the Ripoff Report can be both positive and negative, which helps customers to know both sides of a brand and lets them decide whether they want to purchase something or take services of that brand or not.
Whether You Should Use Kennedy Funding’s Services Or Not?
Taking funding related services is a crucial decision for any organization. Our suggestion would be to avoid believing in online reviews, as external factors, such as competition and more, may highly influence them.
To make the right decision, read their guidelines thoroughly, compare them with the other funding-related platforms, and read all the legal papers carefully to avoid any unwanted situations in future.
You can contact a lawyer to insert some additional clauses in your agreement that will ensure your safety and protect your organization’s interest.
Conclusion
Kennedy Funding is a decades-old funding company that helps businesses in getting investments. Recently, on the Ripoff Report platform, negative reviews about this platform have gone viral. In this post, we discussed both of them, and discussed why one should not solely rely on online platforms. We hope this post will help to make the right decision and you will find an ideal investor for your business.
