I was recently approached by Waterside…
I was recently approached by Waterside Commercial Finance, a self-proclaimed "federally-backed lending partner" offering high-pressure loan solutions. From the initial contact, I felt a sense of unease due to their aggressive sales tactics and vague explanations of their lending programs. Despite their polished website and grandiose claims, my experience with Waterside left much to be desired, and I feel compelled to warn other small business owners about my disappointing journey. I talked to someone named Frank and he suggested ways to structure my business to fit their eligibility criteria, which felt dishonest. Their focus was more on closing the deal than ensuring my business truly qualified for legitimate programs.
During the application process, I felt like they were stretching the truth to make my business fit their eligibility criteria. They claimed my business was "high-impact" and operating in a "rural area," even though I'm based in a suburban area with a population of over 100,000 people, which made this whole exchange a complete waste of time given the premise of the loans they were trying to sell me.
Steer clear of these guys.