Business ProfileforGood Funding

In June 2022, I contacted a company named ******. They connect lenders with small business owners who lack sufficient credit history or business tax reports for traditional loans. Initially, I was introduced to a lender called Good Funding, who supposedly wouldn't conduct credit checks for approval. They offered a "purchase on receipts" arrangement, where 19% of our weekly sales would go towards repaying a $****** loan. However, the contract ended up stating $******, with fixed payments of $****** per week. Despite the disparity from what I was initially informed, I tried to manage the payments and even requested lower amounts, which were agreed upon for a few months. Out of nowhere, one of the owners, ***** ******** declared he wanted the remaining $***** paid immediately and threatened legal action if I couldn't comply (June 2023). This demand was confusing since I had started with a reduced payment plan. I confronted ***** and his co-partner, *******, but was met with legal threats. Reflecting on my interactions with ******, I realized their promise of no credit involvement was false. When Good Funding requested additional information and contracts outside of ******, I should have been more cautious. It became apparent that both ****** and Good Funding were predatory lenders. Unfortunately, due to this situation, I'm forced to file for personal and business bankruptcy. I'm constantly contacted by ********* ******* from the Law Office of ****** *******, who threatens a UCC1 lien against my personal credit. They hold power through a contract I signed, misled by their predatory lending tactics. Their threats now extend to serving and suing me personally. A word of caution to small business owners and individuals: Beware of Good Funding, ***** *******, his associates, and ******.