Forums: Discussions for entrepreneurs and small business.

I`m not sure how setting up LLC`s work as far as verification and setup, but someone told me they called that address (the business center) and they said they never heard of SIF Group.  Not sure if that means anything, however.

What business center are you talking about? The building that they are in? This is straight from the Colorado SOS website. All im saying is in 2004 there was a comany called bankers funding and the name was changed to SIF group last month and they have always had the same address that they are advertising on their website. I`m not saying that means they are legit, I am just saying that there is some truth as to what this Liz is saying. If we could get someone to say that they got funded, I would be all about going with this company...

The location of SIF is in a business center in CO. Springs (1-866-862-1880)...maybe they have a virtual office?  Shouldn`t they have a suite #?

Nope I do not have a suite number. So you called that nimber and asked for them? Has the person that had a friend go through them heard back from them yet? One thing I found is there is a different name and address from the bankers group llc than the SIF goup LLC.

Someone told me they called.  I did not because I`m not sure if it means much.  I think many LLCs are setup without a physical address.

A partner of mine got into the program in March, the program gives a time line of 29 business days to fund. If the company and program was started Friday, March 6th, the earliest someone could of enrolled would of been Monday, March 9th. That would only be 19 business days. Most of the funding should be taking during the 3rd week of April.  It is too soon to judge.

Well please keep us informed Unsecured55. We are all very curious. Has he heard anything from them as far as aperwork or any communications since he has started the process?

I will, he received a welcome letter after he joined and is simply in the middle of waiting. Both of us have tried various unsecured lending sources. He just happened to try SIF. The $695.00 fee is refundable according to the contract. Those of us who have lost up front fees,will take that with a grain of salt, however.

  I  also inquired about this business loan. So they will supposedly use this loan that you get from SIF to trade stocks with.

  I find it very fishy because in the brochure they send they say absolutely no upfront fees, but later in the 4th page document they say that we need a $695 refundable reservation fee to show us that you are serious. They say they will refund it after your approved for the loan. Furthermore they ask you to wire the $695 fee with the paperwork.

  If it walks like a duck and quacks like a duck, it`s a freaking duck. This has scam written all over it! Stay far away and warn others.



Update: Here is the dialogue from an email and response that I just received. Understand that the email that I`m replying too sent me all this information on SIF yet gave me this retarded answer...

Hello,

I`ve read over the information, but essentially if I`m reading this correctly you would still require a $695 "reservation fee". If I`m serious about the program and I want to proceed then why would i need to pay this fee upfront, if in the end your going to refund me. Can I get around this upfront refundable fee?

Answer: I have nothing to do with the program man. I am not a reseller or a broker. I think you have me confused. I`m just a trader who trades peoples money. I am currently going through the program now so I cannot speak for it yet but I have no reason to believe it wouldn`t work. Everything fundamentally makes sense.

My reply: Well I would figure that whoever was sending me this info would be able to answer questions.......

Found this on goggle search. Beware.......

SIF (DBA) SECURED INSURED FUNDING GROUP SUPPOSEDLY RUN BY RANDOLPH OWENS (scammer Wesly Owens maybe)

DO NOT SEND $695 TO THESE SCAMMERS. THEY JUST WENT INTO BUSINESS ON 3/6/09.

PLEASE PEOPLE PAY ATTENTION TO AGREEMENTS WITH SPELLING ERRORS AND BAD GRAMMER.