Patriot Funding Reviews: Is It The Right Choice?
Looking for financial assistance can feel overwhelming, especially when faced with multiple options promising relief. If you’re exploring funding solutions, it’s important to find a company that offers transparency, reliability, and terms that truly fit your needs.
Patriot Funding is one of many companies offering business and personal funding solutions. But how do their services compare? Are they the right fit for your situation? In this article, we’ll break down their offerings, customer experiences, and key factors to consider before making a decision.
What Is Patriot Funding?
Patriot Funding is marketed as a financial service provider specializing in assisting individuals and businesses with funding needs. They claim to offer access to flexible loans, including options for those with less-than-perfect credit.
While Patriot Funding presents itself as a direct lender, it’s actually a middleman that connects you to third-party financial providers. This means the loan terms and services you get may differ from what was originally advertised. This means they connect customers to third-party companies that provide loans or debt settlement services, rather than directly offering these products themselves. Many individuals are drawn to Patriot Funding through promotional materials, such as pre-approval letters for loans. Yet, concerns have arisen regarding the company’s transparency and the actual services they provide.
How Does Patriot Funding Work?
Patriot Funding’s process typically begins with potential customers receiving mailers or advertisements indicating pre-approval for a loan. These communications often highlight attractive terms, such as low-interest rates and simplified qualification processes.
When individuals respond to these offers, they are usually redirected to third-party companies. These partners then assess the customer’s financial situation and may recommend services like debt settlement or consolidation loans. Some customers have reported feeling misled by this approach, expecting loan approvals but instead being offered debt relief programs with different terms and conditions.
Patriot Funding Services: What Do They Offer?
According to their website, Patriot Funding offers the following services:
- Commercial Real Estate Financing: Providing funding solutions for purchasing or refinancing commercial properties.
- Equipment Funding: Assisting businesses in acquiring necessary equipment through financing options.
- Fix & Flip Financing: Offering loans tailored for real estate investors looking to purchase, renovate, and resell properties.
- Hard Money / Asset-Based Lending: Providing short-term loans secured by real estate or other assets, often used by investors needing quick funding.
Patriot Funding: Pros And Cons
| Pros | Cons |
|---|---|
| Flexible Repayment Options: Repayments are often tied to daily or weekly sales, which benefits businesses with fluctuating revenue. | Short Repayment Terms: While shorter terms can lower yields, they may strain cash flow for businesses needing longer repayment periods. |
| Quick Access to Funds: Fast approval and funding, often within 24-48 hours, is ideal for businesses needing immediate cash flow. | Fees: Yields for hard collateral deals start at 5.5% and can exceed 8%, while tech collateral ranges from 8% to 12%. Small ticket financing (under $50k) may incur yields as high as 11%-15%. |
| No Collateral Needed for Some Options: Unsecured funding options allow businesses to avoid putting up assets as collateral. | Credit-Based Fees: A-credit borrowers qualify for lower interest rates, while C-credit borrowers face higher fees, making it more expensive for businesses with lower credit scores. |
| Minimal Requirements: The qualification process is easier compared to traditional bank loans, with less emphasis on credit scores. | Collateral Requirements: For hard collateral deals, yields start at 5.5% and can exceed 8%, which may not suit businesses without valuable assets. |
| Customized Funding Solutions: Tailored funding options cater to the specific needs of small businesses, including small ticket financing. | Transaction Size Impact: Smaller transactions (under $50k) incur higher yields (11%-15%), making them more expensive compared to larger deals. |
Patriot Funding Reviews
Google Reviews
Patriot Funding has a low customer satisfaction rating, scoring 1 out of 5 stars on Google Reviews. Here’s what one customer had to say::
DO NOT DO BUSINESS WITH THIS COMPANY! They are collecting $4500.00 up front from small businesses to act as a broker for small business loans, non QM loans and up to hard money loans. The small business is presented with a contract that clearly states if a loan cannot be secured in 30 days, the small business will be refunded in full the deposit. However, once the deposit is processed, that’s when service absolutely stops.
When the first month came, and we began to request refund/reimbursement of the deposit, every excuse in the book was given. Pity pleas of “give me more time” “so-and-so died” “I didn’t respond to messages over weeks because I was at a funeral” and when held to the fire openly admitted he’s got several people coming after him and to just sue him so he can file bankruptcy! Small businesses are already struggling and if you’re one looking for a loan it’s very likely because your business NEEDS the money. Any connection with this company or its president will only do the opposite.
– Brian Shields
Let’s look at another opinion.
These reviews highlight dissatisfaction with transparency and communication practices, which are important factors to consider when choosing a financial service provider.
What People Are Saying Across Platforms
Exploring customer discussions on forums like Reddit can provide additional insights. Here are two notable cases shared by users:
Pre-Approval Letter Experience: A user received a letter claiming pre-approval for a loan. However, when they contacted Patriot Funding, the company instead offered debt settlement services. In the comments, others explained how debt settlement works and shared similar experiences.
Bait and Switch: One user asked for reviews about this company. Another person confirmed that the company is real but uses a “bait and switch” approach—offering loans at first and then suggesting debt settlement options. They noted that it’s up to each person to decide if the offer works for them.
These stories show why it’s important to do your research and ask questions before choosing a financial service provider.
CuraDebt Reviews
If you need help with debt, CuraDebt can provide the reliable assistance you deserve. As a trusted leader in the debt relief industry, we’ve helped thousands of clients reduce their financial burdens through proven solutions.
Here’s what some of our clients have to say:
Is This Company The Right Choice?
While Patriot Funding offers financial services that may appeal to some, their customer reviews and business practices raise concerns. The shift from loan offers to debt settlement proposals may feel misleading to those expecting straightforward loan options.
Choosing the right financial service provider can be challenging, especially when navigating unclear loan offers or unexpected terms. If you’re exploring your options, it’s essential to work with a company that prioritizes transparency and aligns with your financial goals. CuraDebt is here to help. With a proven track record and personalized service, we provide the support you need to navigate financial challenges.
Take advantage of our free consultation today and discover how CuraDebt can help you achieve a brighter financial future.