Business ProfileforSail Loans

This is not as advertised. This is not a loan/savings account. They preapprove you for an amount, lets say $1000. They will lend you 20% of the loan total upfront. then you will make weekly or bi-weekly payments towards the ***** balance of the loan ($1000) even though they only gave you 20% up front. this would be normal if is wasn't for the interest. the 35% interest is based of the total borrowed account ($1000) not the 20% you were actually lent. once you pay the total ($1000) they then send you a check for the remaining $800 (they only give you 20% of the loan upfront) up to 15 days later. this isn't a savings account, your paying their interest on money you wont see until you pay them it first. Not sure how this is legal. this is for desperate people they hope can never pay the total balance. then they get to *** you for a $ amount they never had to give. STAY AWAY EDIT** Spoke with a "Help Desk Rep". they can call this a "Savings account" because you earn .5% interest PER MONTH return on the remaining loan that sits in "Savings" while you pay it off. FYI their interest is 35% PER DAY that you are charged on the amount given to you AND the money that's not given to you until you give it to them first. Dont think you can just pay this off right away. they hold payout once payed off for ***** days for "final payment" to clear. REALLY STAY AWAY!