Reply from Greenbox CapitalJul 3, 2023
Dear Brian,
Thank you for taking the time to leave a review. We take all feedback seriously and we appreciate you bringing this issue to our attention.
To address your comments; a setup fee and tax return are common components with many lenders in our space when funding reaches a certain threshold. We provide this information upfront to business owners who apply with us directly, and partners, to avoid wasted time in applying for a product that may not be a good fit for their business needs.
Regarding the 8821 form, the default form requests 10 years of history. It was following your inquiry when our team member reached out to inquire if we can revise the form, to service you the best we can. There was no malintent, but rather a service-oriented Greenbox Capital representative communicating the standard format of the 8821 form provided by Tax Guard. Tax Guard is an entity separate from Greenbox Capital. Per their terms, Tax Guard will reject altered forms that do not meet their specifications, which you experienced firsthand.
We understand each business is unique and how it is important that business owners clearly understand our process to determine if it’s aligned with their needs. Unfortunately, when working with 3rd parties, some communications can fall through the cracks. We recommend before applying for financing through a third party requesting the lender’s name and reach out directly to ensure you have all the necessary information needed to make an informed decision.
At Greenbox Capital, we believe it is important to conduct business where there is mutual alignment. Unfortunately, in this case, there was not. Per our policy, when funding is not yet final, we retain the right to rescind an offer based on a variety of factors that can influence a funding decision. In this case, this was the right decision for our company.
Greenbox Capital Team