8889367423

http://yedda.com/questions/Global_Business_Fu ... er8625870021014

BBB AccreditationBack To Top This company is not a BBB Accredited Business.
BBB RatingBack To Top Based on BBB files, this business has a BBB rating of B-.

Reasons for this rating include:
  Length of time business has been operating.


Click here for an explanation of BBB Ratings.
Business Contact and ProfileBack To Top Company Name:   Global Business Funding Inc.
Company Address:   10161 Park Run Dr. #150
Las Vegas, NV 89145  
Phone Number:                  (888) 936-7423        
Original Business Start Date:   June 2008
Type of Entity:   Corporation
Incorporated:   2/17/2005 in NV
Principal:   Mickey Gines, President
Customer Contact:   Ron Franks, Customer Service Manager
BBB Accreditation Status:   This company is not a BBB Accredited Business.
Type of Business:   Business Consultants
Web Site Address:   www.goglobalfunding.com 
Products and ServicesBack To Top This business offers typical products and services for the Type of Business shown above.
Business ManagementBack To Top The BBB has no information regarding business management at this time.
LicensingBack To Top As of 1/15/2009, we confirmed this company has a valid local business license for the locale in which they operate.
Customer Complaint HistoryBack To Top When considering complaint information, please take into account the company’s size and volume of transactions, and understand that the nature of complaints and a firm’s responses to them are often more important than the number of complaints.

The Bureau processed a total of 1 complaints about this company in the last 36 months, our standard reporting period. Of the total (1) in 36 months, (1) was/were closed in the last year; (0) was/were closed in the previous 12 to 36 months.

Complaints Concerned:

 1 - Contract Issues
   1 - Failure to honor a contract or agreement


The 1 complaints closed in the last 12 months was/were closed as:

 1 - Resolved
   1 - Company resolved the complaint issues. The consumer failed to acknowledged acceptance to the BBB.

What pisses me off is that they get you to sign up with a small amount $3750. or less in some cases, and get your hopes up with a list of Foundations they found to give you $500,000.00. Then hit you with "You need to start a Non-profit corporation before the end of the Quarter to qualify to get funding and We can get to done fast for $6,500.00" or You need to have a Special Business Plan to get through the funding process, and we have company that does that kind of work for $8,000.00" and "We need to have a 28 page Executive Summary and Required Information filled out, and we have a company that will to it for $5,000.00.
As side from being totally way over priced, none of these extra items and fees are ever mentioned before they sign you up. And I bet no one ever gets funding with just the original $7500.00 fee.
Even if this company does get grant funding for there clients, which still remains to be seen, They are SCAM ARTIST for the way they do business and hiding the extra fees to get funding until they they get your initial $3750.00 down payment.
I'm sure there is a reason that all the Grant Finder are located in Las Veges Nevada. I found Global Business Funding, USA Grant Team, Corporate Capital Team and Company Funds, Inc.
Can all these be owned by the same people? Or is the State of Nevada, Home of legalized Gambling and prostitution just not concerned on how corporations do business?
I think they need to be reported to the BBB to get a history of complaints that will show up to any one that might be looking into giving them there hard earned money. And to the Federal Trade Commission and let them investigate them to see if the practice of all these hidden fees are really legal.

I meant $5000.00

Here is an update: Back in September/October I was told that they found my company funding for the 1st quarter of $300,000.00, All I needed to do is start a Non-profit and I would get the $300,000.00 for my business and I would need to put 5% ($15,000.00)of the funding into the Non-profit to be given out within a year.
They asked me for $6,300.00 to do the paper work to start the Non-profit. I found others that would do it for $800.00 to $2,000.00 but Global said they could get it done before the deadline so I went with them.
Keep in mind that this started in October. I got the corporation and the 501(c)(3)application papers late January after many calls. I sent the paper work to the IRS with the $750.00 application fee on January 31st.
No calls from Global and the Director of Funding never returns my calls.
I needed to send paper work the State of Florida to register to do non-profit work in Florida but needed a Certificate of Good Standing from the State of Nevada. When I ordered that from the State of Nevada, I was not in good standing because the filed corporation papers was missing the list of officers and had past the deadline. I had to send them $50.00 to fix it, and $75.00 for the Certificate.
It is 20 days till the end of the 1st quarter and no sign of any funding.
I don't think I am getting any thing for my company and the non-profit is the way these Funding company's get any funding for any one.
The last batch of Letters of Interest sent to the foundations was for my Non-Profit and nothing for my business that I originally signed up for.
I need the funding for my business soon or I'll go under.
When I asked about the change in tactics, They said when I got the non-profit corporation up that all funding attempts go for the non-profit.
If I do get any thing just for the non-profit it will not save my company because there is a conflict of interest claus in the non-profit corporation papers. I can not use my company to do the work of my non-profit and pay my company. I told this to Global and asked How am I going save my company if all the funding goes to the non-profit?
The customer service rep. which is all I can get on the phone any more told me that only 18% of the funding had to go to the Charity and the rest could be administration cost.
I'll post if I get any thing, but I am not going to hold my breath.

Well the 1st quarter has ended and the promised grant money for the 1st quarter never happened. My repeated calls to Oliver Prescott Director of Funding goes unanswered and not returned. I have to say at this point that this a SCAM and you should not sign on to any Grant finding companies. They got me for $11,000.00 of credit card money.

Hello, please forgive me for my bad english, I am originaly form Argentina and English is my second language. I sent this company around 9,000.00 with the promise that thy have found a fundation that will send me 750.000 to open a Christian Day Care in the state of Maryland. Mr. Price contacted me and even asked me to open a bank account ( no interest) for the company to deposit the money there. First it was on January that the money will come, then it was february, because the taxes time for companies, then a the end of February I called, and I receibed a call back from Carlos telling me that this foundation need adicional information and they were working on it, they never mention that to me. I did borrowed the money from a bank and I am paying interest on theloan. They told me that in the financial statemnets I could writte down the monery that I borrowed to be reimburse to me. Well since the end of fabruary nobody answer my calls, or my e-mail. How can I get my money back? Please could you help me? Miriam

RUN!!! THEY STEAL MONEY!!!! DO NOT GIVE THEM ANYTHING!!!

People stay away. bogus company. I lost 7625.00!!

Hay “ED” or whoever:
Thank for helping me making up my mind. You see I too was approached & was offered the “deal” ($7560... $3750 up front rest after …). I was skeptical yet rifting toward greedy side, “ the easy way” to give the boost to my small company; between you & my pour buddy “Alex” I am convinced that the best is for me to stay away from these guys. & get my .01% interest on that $2000 which would of being the down payment.  I am out. Thanks to all of you for sharing.
I kind like to sign off as “ED”. LOL

Why is Las Vegas soooooo bad?!  There is prostitution everywhere dumba--! Now there is gambling almost everywhere dumba--! Whooooo, Las Vegas....grow up there are good and bad people everywhere.  Seems like you're looking for a reason to be negative.  It takes money to make money and if you are a smart business person, then you can make an intelligent decision.

I got a called from a Bill yesterday and he told me there was no cost and they take their money when I get money.  He emailed me some information about GBF but it looked questionable so I googled them and found this.  

Thanks for helping me not waste time.

The phone number they called from was a Las Vegas number -  702-506-0064


Thanks for saving me tons of money!!!

TheDamonic.com

I am up to just under $50,000.00 that has been kept from these scumbags.

Call the FBI in Las Vegas!! Call the BBB and report them and the attorney general of Nrvada. I did!!

Miriam,

I have been told that you have 6 months to dispute a credit card charge.  If you paid that way, call your credit card company immediately.

My experience with GLOBAL BUSINESS FUNDING, LAS VEGAS was horrible.

August 21, 2008
ROSA ZUNIGA, global business funding GRANT ELIGIBILITY SPECIALIST,  888-936-7423 X444
ROSA ZUNIGA contacted me about funding small business owners with their grant writing services.

*She told me that Global is the middle man for the 1st year to help locate foundations to fund my small business.
*She said 40% letters they sent to foundations gets rejected but do be patient because they come through
*She said there are over 80,000 foundations in their database, however looks like 100 foundations that fits my criteria that can fund me now and said I WOULD GET FUNDS BY DECEMBER IF I put a deposit of ($2,500) down today, but the TOTAL FEE IS $7,500. She said there will be no more fees after!!!!
She stated that the 2nd part of the grant of the fee, we don’t have to pay til we receive the grant! ($5,000)
*She said 99% of foundation ask for a letter of intent, their grant writer/Paralegal sends proposal to foundations for us.

Some of the things Rosa said that they will need to know are:
1. How long are we in business
2. Is our company profitable?
3.  Do we have a business account?
4. Anyone disable?
5. Anyone in the military?
6.  Marketing  cost?
7. Rent cost to lease a building?

Like an idiot, I sent in payment for the down payment of $2,500!
August 28, 2008
I was contacted by OLIVER PRESCOTT, Director of Corporate Funding AT 888-936-7423 X455
He reiterates that he has 15 YEARS EXPERIENCE in this field
OLIVER PRESCOTT asked me some Profiling questions
I was matched up with 10 foundations and told letter of intents would be sent to these foundations.  I will received copies of these letters for my records.  

Step 2: consist of more comprehensive and intensive research which will broaden the scope to identify additional foundations on my behalf.  I will need to speak to their SR. FUNDING EXECS.  A 45 minutes appointment will be set to take place and I will need to express what my company does and its goals.  


Sept. 17, 2008
OLIVER PRESCOTT, Director of Corporate Funding AT 888-936-7423 X455
Told me that in order to get funding quicker, I needed to open a 501C NON PROFIT.
The kicker with the 501C is the waiting period will take 10-12 months to complete paperwork
They need to file out of Nevada for business license for the 501C
HOWEVER THEY CAN EXPEDITE IF I PAY $6,300
1-He ask me to establish a NON PROFIT corporation
2-Complete 415 filing and establish officers
3-501 corp, list officers
4-Global will provide the 501C 1 year FREE paralegal services

OLIVER PRESCOTT, Director of Corporate Funding said he will faxed over paperwork over to the verification dept to call to verify my information. I will need to put down $6,300.
***Oliver said if all goes well, I should get funding by December 2008 or early January 2009!
Sept. 19, 2009
I proceeded with this idea and sent them $6,300!!! (Which I regret immensely now!)
Oct 17, 2008
I received a fax from MERCEDES TIPPIDEAUX, DIRECTOR, WRITING DEPT. for GBF 888-936-7423 x420
The fax states that (LOI) Letter of interest is being sent to 4 foundations.

Nov. 14, 2008
CARLOS from GBF call to tell me there is no new updates on my account. He is aware I have two different entity going on 1. My for profit business 2. My non-profit business
Dec. 17, 2008
SUSAN DAVLIN, legaltaxresolutions@yahoo.com
SUSAN DAVLIN, She works with Global on helping with the 501C, business license & anything pertaining to tax. She told me that I am approved on 12/3/2008 to receive my 501C. She said the STATE OF NEVEDA sent over my approval to GLOBAL and that GLOBAL has my 501C ARTICLES OF INCORPORATED docs for my NON PROFIT 501C.

Dec. 22, 2008
I received a fax from MERCEDES TIPPIDEAUX, DIRECTOR, WRITING DEPT. for GBF 888-936-7423 x420
The fax states that (LOI) Letter of interest is being sent to 5 foundations.

Jan. 14, 2009
I received my NON-PROFIT 501C Articles of Incorporated
OLIVER PRESCOTT, Director of Corporate Funding  I had to fax over a letter to Oliver to call me. They don’t answer their phones, so the only communication I have with them is a fax machine.


Jan. 17, 2009
Received additional requirements I need to submit to GBF for the 501C
Jan 16, 2009
Talked to OLIVER PRESCOTT, Director of Corporate Funding  
I submitted the required docs for the 501C
He keeps telling me I WILL KNOW IF I GET FUNDING BEFORE THEY DO????????????????????

Feb. 2, 2009
I faxed Oliver to call me for updates!

April 4, 2009
Carlos with GBF called to update me. All he said was letter of intents been sent out to foundations!

May 27, 2009
I received a fax from GBF stating that they identify 4 foundations for my 501C, they said to create and send letters will take their letter writers 3, 4 weeks to complete.  How hard is it to write a letter and mail it out!

May 29, 2009
GABRIELLE MARTINEZ called to get me on the phone for JEFFEREY KING, Dir. Of Resolutions 888-936-7423 x427 (he suppose to be the one that gets me funded so he says)

He said I am approved for 750k and he found 2 foundations that will fund me. HOWEVER, I will need to put down $4,200!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I told him I was told the same story when I first began my journey with them with Rosa Zuniga and Oliver Prescott! He said Rosa Zuniga is FIRED now. ????  He said I need to fill out 3 pages of supplemental documents and that cost $4,200!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! to get it started!!!!!!!
The deadline to give him $4,200 is mid June.

That’s basically my story so far. I will NOT continue to work with them anymore. As a matter of fact, can we call get together to file a class action?

To all the people out there on this forum,

    Just wanted to say thanks to Yoeddie for taking your time and effort to stop these guys. Fortunately, i was smart enough to google gb funding and founds tons of info on this particular company. I too was called from them and was looking for funding to expand the current family restaurant. But with my own finances and not rely on family retained earnings. So, i decided to move forward. They called me,but not sure how they got my number. Anyways to make a long story short, i got a discount and paid 2k up front. blah blah, couple weeks later they told me they found companies that can get me the money. I was like wow, I spent 2k, and i can get 500k in my back account.
      It was great until they told me i need them to do the supplemental docs. Being in business school, we have been through all this excercise and paperwork, which includes, executive summary, market analysis, strategy implementation, and so on. I did one and it was like 45 pages. The guy, i forget his name, said no, its about 400 pages long. I was wondering, how can it be so long. anyways, i ask how much ( there is price to everything.) he said $9000. I was in my mind like holy [***]. I said no way. Then he said other corporation are cheaper let me find another foundation that can do it for cheaper.
       So few weeks went by and i got called from another guy. Not going to list his name but he said he found another foundation for me. This time the fee is $4700. I said give me a day or 2. So know im here doing research and found u guys on this forum, and i have concluded this:

In the beginning the service is 7,500. i got it down to 2k. pay the rest when we all get funded. That was cool. they said they would do all paperwork for u and get u funded. If a year past, and they did not hit 100k mark( which is your fund) then they give u another year. After reviewing all the comments in these forums, i understand why they change their names to different names after 2 years in business. Such as gb funding to go global funding. Its to run away from old clients that are in the [***] hole. In business school they teach u that if u run a great business, u want to keep the name and logo very honorable and recognizable. This company has failed to do that. Changing it so often.

Also seems to me they buying time, buy shuffling us around to buy time, (say about 2 years before they close their doors) and start up another place in the same industry. What happens after the first year if no funds? Then they move onto the second year where they close all doors.

Im sick of speaking to so many different ppl from this company. Its just a waste of time. Thanks Yoeddie for all u have done. U can add me to the list of ppl u saved. I would like to thank all for posting in here so we all can get a taste and experience of what is going on.

thank you for your responses... I just received a call from a Teresa Camin. It just didn't feel right when she faxe over a document this morning that had the BBB report for ther company... WTF! no good company does this without a customer asking for the report. Thanks I will give this Teresa a hard time see how they feel about scaming desperate small business owners.

Nathan

Like you I also gave $2500.00 and get no response.I would like to think that there are people out there that can help expand our small businesses so we can take people off the unemployment line. If this does turn sour, what steps will you take to obtaining your money back in the shortest time frame.

Please be aware that this scam is now operating under the name "Silver State Holding". Same people, Rose, Jessica, and so on, same scam, new company name. A quick check shows they've changed their "business" name a half dozen times, but have yet to stumble upon changing their OWN names. :)

Don't be mislead. This [***] is toxic.

Julius,
I am in the same boat.  However I was working with USA Grant Team. I think they may be the same outfit.  I did not hear from them so I called local businesses in there vacinity.  I reached the building manager. He went to their suit on Tropinana Blvd. and told them I was very upset with them. Tom called me and said that they are just short handed.  Next Mercedes e-mailed me with a grant application.   Mercedes Trippeaux was the grant writher for them as well. My Story is about the same as yours.  I would love to get a class action suit if possible.  I am very disapointed because I was opening an inclusion for children with moderate to severe disabilities. You can reach me at earlyessentials@verizon.net