Midwest Corporate Credit vs Fund And Grow

[Eric M.]

Which one of these funding sources are better?

[Kerry Mertz]

I applied for a business line of credit with Midwest Corporate Credit after reading about them in the forums on BP. I went through the initial application, I was preapproved and then I received a disclosures email through DocuSign to proceed with the application process. In the fine print it states the following:

"The client agrees to pay a consulting fee of 10% for all unsecured financing. The client agrees to pay 10% of the approved amount of unsecured financing to Midwest Corporate Credit within 15 days of approval date. Client agrees to pay a late fee of 20% APR, prorated daily, for each day that the payment is delinquent past the due date."

Be very careful and read the fine print.