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Business Profile

Small Business Loans

Strategic Business Funding, LLC

This business is NOT BBB Accredited.

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Complaints

This profile includes complaints for Strategic Business Funding, LLC's headquarters and its corporate-owned locations. To view all corporate locations, see

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Strategic Business Funding, LLC has 2 locations, listed below.

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    Customer Complaints Summary

    • 2 total complaints in the last 3 years.
    • 1 complaint closed in the last 12 months.

    If you've experienced an issue

    Submit a Complaint

    The complaint text that is displayed might not represent all complaints filed with BBB. Some consumers may elect to not publish the details of their complaints, some complaints may not meet BBB's standards for publication, or BBB may display a portion of complaints when a high volume is received for a particular business.

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    Complaint type

    • Initial Complaint

      Date:04/04/2024

      Type:Billing Issues
      Status:
      Resolved
      Resolved:
      The complainant verified the issue was resolved to their satisfaction.
      Unresolved:
      The business responded to the dispute but failed to make a good faith effort to resolve it.
      Answered:
      The business addressed the issues within the complaint, but the consumer either a) did not accept the response, OR b) did not notify BBB as to their satisfaction.
      Unanswered:
      The business failed to respond to the dispute.
      Unpursuable:
      BBB is unable to locate the business.
      In August 2022, I entered an options agreement with Antonio S******** of *** *****e fund, Cincinnati Ohio. The option agreement was modified the day of execution to exclude a fee of almost 4% of the proceeds., all documented via email from Antonio S********.

      For the first 3 months of the agreement, I was wrongfully charged for “stated” renter’s insurance. They refused to provide proof of policy, and only after I threatened reporting to the Attorney General, did they refund the premiums for the non existent policy.

      In November of 2023, an offer to sell the property was approved at full asking price, plus my free habitation until April 2024. The title search failed due to PML improperly registering the property with ********** ****** **. As a result, the buyer canceled the contract, and the error was not corrected until the proposed date of sale, December 18.

      A new sale contract was approved for almost 10k less, to be executed approx. 70 days from the initial offer, canceled for failure to properly register. The month of sale, (February, 2024), PML forced me to pay an illegal (almost 3x the state limit) of a late fee, with threats to stop the sale of the property. I informed them of the TN late fee limit, and they replied IN BOLD TEXT, that I must pay the inflated fee.

      At this time they also denied the revised option agreement with the reduced fee. Upon further investigation, they were overcharging me on real estate tax for almost 18 months, and were in arrears with Cumberland county in paying such tax. Only when uncovered by myself did they pay this tax, showing a lack of fiduciary duty.
      The property was sold on February 29, and *** *****e fund was in receipt to the proceeds. As of today, March 31, after repeated requests to provide the note closing statement along with my proceeds, they have REFUSED to provide the statement and my proceeds. Also refusal to refund tax overpayments. In last month I have experienced enormous stress.

      Customer Answer

      Date: 02/11/2025

      A financial settlement was negotiated and agreed upon, addressing the issues in my complaints.

      Thank You

      Bruce S****

    • Initial Complaint

      Date:08/25/2023

      Type:Service or Repair Issues
      Status:
      Unanswered
      Resolved:
      The complainant verified the issue was resolved to their satisfaction.
      Unresolved:
      The business responded to the dispute but failed to make a good faith effort to resolve it.
      Answered:
      The business addressed the issues within the complaint, but the consumer either a) did not accept the response, OR b) did not notify BBB as to their satisfaction.
      Unanswered:
      The business failed to respond to the dispute.
      Unpursuable:
      BBB is unable to locate the business.
      Business Sent over a term sheet and requested 1k to close on the loan.

      After going back and forth with them for 6 months I was advised they could not do the loan.

      Dawn ( my contact to Angelo ) blocks my email address the I get a lengthy email about a health issue.

      See an add that they are back in business and was greeted by Angelo's vm message. I've been cheated out of money and time on a fraudulent enterprise.

    Strategic Business Funding, LLC is NOT a BBB Accredited Business.

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