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          Summar Financial, LLC has 1 locations, listed below.

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            Business ProfileSummar Financial, LLC

            Factoring Service
            BBB accredited business

            Contact Information

            2299 SW 27th Ave

            Miami, FL 33145-3433

            Visit Website
            Email this Business
            (786) 406-7300

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            Customer Reviews

            1/5

            Average of 3 Customer Reviews

            Read ReviewsStart a Review

            Customer Complaints

            2 complaints closed in last 3 years

            0 complaints closed in last 12 months

            Read ComplaintsFile a Complaint

            BBB Rating & Accreditation

            BBB accredited businessA+

            Accredited Since: 11/8/2018

            Years in Business: 20

            Customer Reviews are not used in the calculation of BBB Rating

            Overview of BBB Rating

            Related Categories

            Overview

            We create tailor-made funding solutions with a human touch: * Freight factoring * International factoring * Invoice factoring * Supply chain finance * Purchase order finance This way, you can focus on expanding and growing your business.

            Products & Services

            * Freight factoring * International factoring * Invoice factoring * Supply chain finance * Purchase order finance Our programs are Non-recourse/Credit guarantee and tailor-made. Dedicated, fully bilingual Account Executives.

            Business Details

            Location of This Business
            2299 SW 27th Ave, Miami, FL 33145-3433
            Email this Business
            BBB File Opened:
            12/22/2015
            Years in Business:
            20
            Business Started:
            3/2/2004
            Business Incorporated:
            3/2/2004
            Accredited Since:
            11/8/2018
            Licensing Information:
            This business is in an industry that may require professional licensing, bonding or registration. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met.
            Type of Entity:
            Limited Liability Company (LLC)
            Business Management
            • Mrs. Martha Hernandez, Marketing Director
            • Mr. Luis Cabrera, Operations Director
            Contact Information

            Principal

            • Mr. Alvaro Otoya, Managing Member

            Customer Contact

            • Mrs. Martha Hernandez, Marketing Director
            • Mr. Luis Cabrera, Operations Director
            • Mr. Alvaro Otoya, Managing Member
            Additional Contact Information

            Fax Numbers

            • (305) 675-0241
              Primary Fax

            Phone Numbers

            Email Addresses

            Website Addresses

            Read More Business Details and See Alerts

            Customer Complaints

            2 Customer Complaints

            Need to file a complaint? BBB is here to help. We'll guide you through the process. How BBB Processes Complaints and Reviews

            File a Complaint

            Most Recent Customer Complaint

            09/15/2022

            Complaint Type:
            Service or Repair Issues
            Status:
            Answered
            I ***** started factoring SUMMAR FIANNCIAL not that they lie on everything but that they are the WORST costumer service ever once you hooked with them you stuck and need to pay BIG BUCKS$$$$$ to get release letter from them I mean it big $ and if any one comes around SUMMAR FINANCIAL stay away!! The sales person wont tell you but they will charge you 10% of whatever line you sign. Or in my case this person *********************************** wont even listen to you, he talks over you and is not customer service oriented. *********************************** does not acknowledge his lack of experience they don't look at the paperwork and send wrong rate sheets to the Broker making the payment to us delayed. Far way I swear they are very very bad news now that I do all invoices my self Im 100% better. Please please do not fall for their low rates because you will pay high termination fees or wont even let you go.
            Read More
            Read 1 More Complaints

            Customer Reviews

            3 Customer Reviews

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            How BBB Processes Complaints and Reviews

            Start a Review

            Most Recent Customer Review

            Fernando S

            02/01/2023

            I've been a costumer for a few years and first: after 3 years and yes, I understand I only have 1 truck, they still charge me 3.5 % interest to this date for every load factored. Second: it's gotten to a point where the minimum broker comment or anything they consider a hold off they will hold payment for the load until they received THEIR payment or their assurance of payment. Aren't factoring companies supposed to assume the RISK so we can get paid fast and stay liquid? Forget about that with Summar. Most brokers now a days offer quick pay, Am hooked for another year with these guys but after that I never want to hear about Summar much less factoring.

            Summar Financial, LLC Response

            02/03/2023

            Dear ********, thank you for taking the time to offer your feedback. We reached out several times to review your account and help you with anything you may need, but unfortunately failed to connect. We lowered your rate over a year ago, please check this reduced percentage on your purchase statements. If you wish, we are available to review them together. In relation to the currently pending payment, the broker states the load is on hold for damages and, unfortunately, damaged freight is not covered by factoring. We are more than happy to help you clarify the situation with the broker, just let us know if we can be of assistance.
            Read 2 More Customer Reviews

            Local BBB

            BBB Serving Southeast Florida & the Caribbean

            More Info on Local BBB

            BBB Reports On

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