Complaint Rating:

Company information:
Barrett Capital Exchange
Ontario
Canada

"Barrett Capital Exchange" claims to be a group of lenders when indeed are nothing more then brokers. They try to show that they are considering funding your project when they are indeed shopping the loan themselves with hopes that they will find the funding.

In the process, they charge hefty upfront fee's from all and then come up with excuses as to why they can not fund the loan. They receive and review your business plan before they charge the fee's and they lead you to believe that they can get the project funded by their group.From the onset- a conference call is then scheduled with Tom McKenzie who claims to be one of the investors who asks meaningless basic questions to make it look like they really are interested to fund the project. The fee's are then sent to Barrett and they send you a signed worthless retainer agreement. In other words, they cover their bases to protect themselves from being taken to court. This company makes a living out receiving fee's from honest people that believe Mr. McKensie when he claims after seeing your business plan that he can obtain within his group funding for the project. Of course, the fees at this point are not yet sent. This is to give a company owner hope so he sends Mr. McKenzie his due diligence fees with the hope that he will be funded. Yeah - GOOD Luck on that one!

Mr. McKenzie is actualy just another broker. His daughter, Michaela Barrett who claims is her company is a note taker.

Save yourself a headache and money and stay away from these jokers unless you like giving them another monetary contribution!