As a new business, we applied for an equipment lease from Vanguard Equipment leasing. We were approved and requested that we sent $2000 first payment and they will send someone to verify equipment and we will have our $$ within 3 days. We sent our first payment and then they started stalling and saying there were problems with our application - they said the application was 100% approved BEFORE they requested 1st payment, then the problems began. We have tried over 16 months to get our payment back, never recieved the funding and now not sure how to proceed. We have called and they said they are having financial problems and not sure whether they can stay in business, HOWEVER, we call and pretended to be a current potential client and they again gave us approval and requested we FEDEX first payment so they could get us funding right away. Not sure how to proceed.