Seek Capital
MCA Review
Is Seek Capital a Legal MCA or an Illegal Disguised Loan?
We Listen • We Fight • You Win
Is Seek Capital's Offer What It Appears to Be?
Seek Capital, LLC (also doing business as Seek Business Capital) is a Los Angeles-based business consulting company, founded in 2014, that advertises itself as a source of "business loans" and "unsecured business lines of credit" for new and growing companies. In practice, its stated model works differently: rather than issuing a loan directly, Seek's team submits applications for business and personal credit cards in the owner's name, then charges a one-time fee — historically advertised as around 9.99% to 10% of the credit obtained — once the cards are issued.
That structure matters. A credit card is not the same instrument as a term loan, a line of credit, or a merchant cash advance, and it carries its own interest rates, credit-pull impact, and personal liability considerations. Before you share financial information, sign a services agreement, or pay any fee, it's worth understanding exactly what Seek Capital is proposing to do with your name and credit profile — and what happens if you want to cancel.
Grant Phillips Law represents business owners nationwide in reviewing financing and funding-services agreements before they sign, and in resolving disputes when an arrangement doesn't work out as promised.
The FTC Complaint
Allegations
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"Loans" That Are Actually Credit Cards
The complaint alleges Seek advertises access to cash "loans" and "lines of credit," but instead submits applications for credit cards — often personal cards — in the business owner's name. -
Undisclosed Fees
According to the complaint, Seek charges roughly 10% of the total credit obtained as a fee, which many clients allegedly did not understand until after cards were issued. -
High-Pressure Sales Tactics
The FTC describes telemarketing follow-up calls that some clients called "incessant" and "harassing." -
Early Termination Fees
The complaint alleges an early termination fee of up to $995 — even for clients who cancel before any application has been submitted on their behalf. -
Restrictions on Negative Reviews
The FTC alleges Seek's contracts prohibited clients from posting negative reviews for three years — a practice the complaint says violates the Consumer Review Fairness Act.
How Seek Capital's Funding Model Reportedly Works
Application & Assessment
You provide business and personal financial details for a "funding viability assessment." Be cautious about how much sensitive information you share before you understand exactly what will be done with it.
Advisor Outreach
A "funding advisor" contacts you to discuss estimated credit amounts and fees. This is the stage to get every fee, term, and cancellation right in writing before you sign anything.
Credit Card Applications
Rather than issuing a loan, the company applies for credit cards — often in the owner's personal name — on the client's behalf. Confirm exactly whose credit is being used and what liability follows.
Fee Invoice
Once cards are issued, a fee (historically around 9.99%–10% of the credit obtained) is invoiced. Discrepancies between what was promised and what's billed are worth flagging to an attorney immediately.
Contact Information
Seek Capital, LLC
Important: Before you share financial information, pay any fee, or sign a services agreement with Seek Capital or any funding company, have the offer reviewed by an attorney. Contact Grant Phillips Law first for a free legal review.
The Solution You Need
We Fight For
Your Business
How We Protect Your Business
Grant Phillips Law deploys proven legal strategies to protect your business — whether you're negotiating a merchant cash advance, a credit line, or a funding-services agreement.
Funding Agreement Review
Before you sign, we review the fee structure, credit application scope, and cancellation terms a funding company is asking for, and explain what they mean for your business and your personal credit.
Negotiation Support
Our attorneys negotiate directly with funding companies and their counsel to secure fairer terms — or an exit from a bad agreement — before it costs you more.
Dispute Resolution
If a funding relationship goes wrong — undisclosed fees, unauthorized credit applications, or an unfair termination charge — we help business owners hold the other side accountable.
I was drowning in MCA debt with daily debits draining my account. Grant Phillips Law negotiated a settlement I never thought possible. They genuinely care about their clients and fight hard for results. I can't recommend them enough.
— Verified Client • Business Owner • Grant Phillips Law
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