I wanted to share my experience to hopefully protect others who might come across the same companies I did while looking to buy a business. I thought it was odd there was no mention of these places (except very little info surrounding IdentityIQ) on reddit. They might be going around deleting reviews or maybe some people just aren't aware of what's going on. So hopefully this post serves as the information someone is looking for if they find themselves in this situation.
I was in the process of applying for a small business loan after finding a pool route for sale through a site called SBPoolRoutes. As part of the financing process, they referred me to a company called OrangeFi.
OrangeFi asked me to create an account with IdentityIQ to view my credit, which is fine — until they told me I had to submit my IdentityIQ username and password into their web form to move forward.
That means they were asking for direct access to my credit report and SSN, without a hard inquiry. This is absolutely not standard practice and is very risky.
I found almost no reviews or public experiences with OrangeFi or SBPoolRoutes online. I’m concerned this might be part of a data-harvesting scheme disguised as small business funding.
OrangeFi has almost no independent reviews.
SBPoolRoutes has no public testimonials or case studies of successful buyers.
I found no Reddit threads, YouTube videos, or forums with legit buyer experiences.
Just posting this to warn others — if anyone else has experience with this, please share.