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...
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.......
Pumpuup4/3/2009 10:46 PM