Has equity bank lied to you? Changed terms last minute? Charged you for appraisals and never did a loan?
I encourage you to file a complaint with the Kansas banking commission! https://www.osbckansas.org
Also reach out to me with your story so we can join teams to make sure they do not continue these terrible business practices. I have already come a cross several with similar stories as mine.
417-214-8185
For me equity bank changed terms on multiple loans.
Added early payoff penalties without my knowledge.
Delayed loans on projects that were supposed to be funded in July 2019, finally ordered appraisal in October 2019 ($5500) then told me April 2020 that they were no longer doing the funding.
Now I have paid close to $20,000 in costs on a $175k project and will need to pay another bank the same fees to finish the project and get a better rate. 6.125% where other banks are at 4.25%-5%. Plus a $6000 early pay off penalty.
They were also supposed to be funding a 60 unit apartment complex and kept delaying the purchase to the point I was going to lose $50k in earnest money, $6,500 in appraisal fees, and much more. Luckily I called a real bank and within 3 days they put the entire loan together and funded it saving me all that money. Keep in mind equity bank lied to me and screwed me around for 4 months on what they did in 3 days. No rate comparison equity was trying to screw us.
To add some credibility to my post.
I own several strong businesses and a 250 unit rental portfolio. I am not just someone that is begging for a loan.
There is much more that we have dealt with which will all come out very soon. But I should also add that equity is in a lawsuit for defrauding investors (google it).
I hope this review will save many people that are on the fence of doing business with this financial institution, or if you currently are I recommend making a move right away!
Let's force a change! read more
