Reply from Geneva CapitalAug 13, 2025
Thank you for your feedback, Tom. While we regret that your experience did not meet your expectations, we feel it’s important to provide additional context that may be helpful to you and to others reading this review.
You originally reached out over 3 years ago in early 2022 to finance a CNC router. Our team spent several weeks working with you to review various lease structures, answer your questions about tax strategy, document processing, and buyout options, and to ensure the financing structure was clearly understood. You signed the finance agreement and authorized the manufacturer to build the machine to your specifications.
Several months later, just weeks before scheduled delivery, you contacted us stating that the machine felt like too much for your business. At that point, the manufacturer informed you of their 35% restocking fee - totaling $14,168 - which applies even if the machine is returned unused. Based on that information, you agreed that taking delivery of the equipment and exploring resale opportunities would likely be the most financially responsible option. We understand that things can change in a business, and this was consistent with how we’ve informally helped other customers in rare, similar circumstances. However, we made it explicitly clear that while we'd do our best to help, resale assistance was not guaranteed, nor part of the financing agreement. There were no “promises,” verbal or written, made by our staff regarding resale.
You also expressed concern about the “delivery and acceptance” form we requested post-shipment. This form is standard across the commercial equipment finance industry and serves to confirm that the equipment has been delivered in good order. This is a very important safeguard for all three parties (the vendor, the finance company, and you the buyer). Out of respect for your concerns, and to accommodate your hesitation around signing, we even modified the document’s language to indicate that the equipment had been delivered but not installed. This effort was intended to give you more flexibility given your desire to sell the brand new piece of equipment. The intention was never to apply pressure as you've indicated here.
Understanding your wish to sell the unused equipment, we continually reached out to better understand the situation from you. However, you did not respond to these inquiries and ultimately ignored us. Then, 2 years later you reached back out insisting we needed to help you sell the equipment. Despite claiming in your review that the equipment was never installed or used, there is substantial evidence to the contrary:
- You reached out to the manufacturer's support team on multiple occasions regarding machine setup and operation issues.
- You posted photos and videos of the CNC machine running in your shop on your publicly accessible Instagram account.
We understand that your business needs may have changed, and that this situation has been frustrating. However, our team made every effort to remain communicative, flexible, and respectful throughout the process - responding to emails promptly, modifying documents upon request, and going above standard lender expectations in an attempt to help.
While we respectfully disagree with your characterization of our team and our practices, we wish you the best and remain open to future dialogue.