I am starting a new business and had my credit approved for a loan as joe W [redacted] assured being very helpful and made meA appointment to talk to director which had approved me then I he a very rude call by who knows who that I had a appointment to arrange the logistics he had aRey professional attitude and said I had applied to other firms which was accusatory and a lie I looked at what they had to offer screened my calls and called them only h was trying to find every thing wrong after I had been approved I wanted to borrow 20,00to get my business of the ground I told him briefly my plans as I was extremely ill and could not concentrate but my have already talked about all that to joe W [redacted] and he said he asked his supervisor and I had been accepted for them that help me start I am complaining thier unfriffeial ism and advertising and misleading me to think they were anxious to help me only to get a rude call which seemed he had already made up his mind and intended
One word to describe LenCred customer service = STELLAR!!! It started with the initial phone conversation with Sean ***, Senior Advisor explaining the nuances of business credit in terms that I could easily understand (As being new to all this)Every member of the team is professional and curtious during our encounters and they quickly found lines of credit to get my business startedAll emails/phone calls/texts are met with quick and very helpful responsesSean [redacted] continues to be a guiding light listening to my concerns and giving great advice that's allowing me to continue to grow in my businessIt feels like a great partnership!!! The future feels very promising for my business with LenCred and Sean [redacted] as a partner for success!!!
This has been the only company that has effectively and consistently tried to resolve the issue I have been put inDay in and day out there has been effective communication in regards to my business and my financesThe persistence of these employees/company especially Sean [redacted] is relentlessThis is pure customer service and pure relationship driven as they do not charge for every phone call or emailThey are dedicated individually working towards one goal and that's doing everything they possibly can to get the job doneWhatever comes from this I am glad and very satisfied with the job they have done and I will recommend anyone and everyone to this company
I am very happy with the service I have received from LenCredThey over-delivered on their promise and I would recommend them to anyone looking for help in attaining business financing***
*** Properties
I am starting a new business and had my credit approved for a loan as joe W*** assured being very helpful and made meA appointment to talk to director which had approved me then I he a very rude call by who knows who that I had a appointment to arrange the logistics he had aRey professional attitude and said I had applied to other firms which was accusatory and a lie I looked at what they had to offer screened my calls and called them only h was trying to find every thing wrong after I had been approved I wanted to borrow 20,00to get my business of the ground I told him briefly my plans as I was extremely ill and could not concentrate but my have already talked about all that to joe W*** and he said he asked his supervisor and I had been accepted for them that help me start I am complaining thier unfriffeial ism and advertising and misleading me to think they were anxious to help me only to get a rude call which seemed he had already made up his mind and intended
BEWARE! PERSONALLY GUARANTEED CREDIT CARDS
Their service is nothing more than applying for a bunch of credit cards on your behalfMany of the cards have annual fees, short or no 0% promotional offers and high interest ratesThe fees they charge to submit these applications on your behalf are outrageousYour personal credit score WILL go down with all of the hard credit inquiries that will be submitted on your behalfMine started at and went to when they finished their "process."
Most of the cards will report to business credit agencies, some may report to your personal, BUT if you are delinquent on any of your payments all of the cards are PERSONALLY guaranteed by you as an individual and your social security number is submittedThus, if your business fails you are PERSONALLY responsible for this debt and it WILL impact your personal credit scoreThey may be charming and kind customer service wise, but the service they are offering is of little value, very expensive and misleadingI agree with the other reviewer, if you have ANY other options to secure financing review those options firstUntangling the mess they create for you (cancelling credit cards, moving funds from one to the other, paying more balance transfer fees etc.) takes a LOT more time than just applying for a credit card yourself or finding another funding sourcePersonally I believe companies like this are unethical at least and borderline illegal and should be shut downBEWARE and know what you are getting yourself in toIt is not a "business line of credit", it is a bunch of business credit cards that are secured with your personal guarantee
I found LenCred extremely easy to deal with If I had a question, they answered it quickly They were always pleasant and made me feel at ease Thank you very much and I would definitely recommend LenCredThey have helped me realize my dream :) Thank you Lord for Lencred :)
Bill ***
Ive been working with LenCred for over a year now And I have to say, I'm completely dissatisfied I purchased in to a franchise last April and was referred to them for financing We were initially told that since both my wife and I already had LLCs established the process would be easy We were also told that we would be getting a few "Business credit lines" Before we knew what was happening we were getting "personal creditcards" and being charged 10% of each card value as a "fee" This plummeted both my wife's and I's credit ratingWhen we asked Sean M*** and his team about it we were told "They will go away in months" Fast forward months, and now I'm being told to contact yet another "partner" that can remove those inquires for, yet again another insane fee Over all we got only credit cards, something my wife and I could be doing at home And we have been told by the business on several occasions NOT to let the lenders that we are using a third party to apply for th
We were lucky enough to be recommended through a partner and we also attended a presentation by Tom *** where we realized the benefits to our true startup clients where they can fund their business or even purchase a franchise with little or no initial out-of-pocket expenseSome of the most satisfying experiences we have had with LenCred are the ongoing efforts the company makes for our referralsOne instance that comes to mind is a client, a Veteran, who was going to purchase a business with a partner but unfortunately it turned out that the partner had a lot more serious credit issues than he shared and the partnership broke upLenCred has never given up on our client and has spent countless telephone calls over many months to assist him in his dream of buying a business on his own
Working with LenCred and Sean has been a wonderful experience He was able to help me to obtain funding for my business and made the process as easy as possible He was always available for questions and very knowledgeable of the process and products
Even with my normally cynical perspective in tact, Lencred did a great job of getting us the financing we needed within a very short time frameTheir communication was professional, quick, responsive and politeLencred went out of their way to ensure we understood each step along the way and they stuck to everything they saidIn the world of finance, keeping your word is extremely valuable and I was very impressed with the integrity offered by the Lencred team
My experience with LenCred was beyond phenomenalThe staff is very knowledgeable and consumer friendly! They exceeded my expectationsI would recommend every entrepreneur seeking working capital to give LenCred a call for a free consultation
One word to describe LenCred customer service = STELLAR!!! It started with the initial phone conversation with Sean ***, Senior Advisor explaining the nuances of business credit in terms that I could easily understand (As being new to all this)Every member of the team is professional and curtious during our encounters and they quickly found lines of credit to get my business startedAll emails/phone calls/texts are met with quick and very helpful responsesSean *** continues to be a guiding light listening to my concerns and giving great advice that's allowing me to continue to grow in my businessIt feels like a great partnership!!! The future feels very promising for my business with LenCred and Sean *** as a partner for success!!!
This was my first foray into owning a businessLike many, I was apprehensive about dealing with my financials online with a company I hadn't heard ofLenCred was fantastic, exceeding my expectations in every wayThey put me at ease, and explained the process before handWhen I had a question, they were quick to respond with a replyI will definitely pass on their info to my future clients when the need is thereThanks LenCred!
I've been associated with LenCred formerly Hawkeye for more than years and I find the organization quite helpful in building my businessLess than years ago I visited the site in Bentonville so I can experience first hand how the operation is run and I came away very impressedEveryone was helpful, professional and the interaction with customers in terms of compliance and disclosure is as good as it getsCurrently I work with primarily with Jordan Thomas and he's been sensational and extremely responsive
I was recently approached by *** Management for business loansOnce we reached the application stage, it changed into LenCredIt seems the two are the same companyOne representative called me after I filled out my informationI wrote $8,for my income, which was trueI also told him my typical annual income is $24,000; last year was low because I was abroadHe said I should use $24,He asked if I have roommates and added their annual income so that I could have a household income of $70,I was not very comfortable but it seemed it's their typical and routine practiceMy roommates and I are not related
And then I got a list of banks to which they submitted my applicationI thought there would be just ONE bank for ONE business credit card, but it turned out that they submitted my application to banks (who knows, maybe more), which at least two are for personal credit cardsMy credit score is 750+ and I can easily get personal credit cardsIt does not make sense that I pay LenCred 9% brokerage fee for some thing I can get for free! It seems some of the banks can approve about $5,But who want to manage seven more credit cards? I already have threeLenCred should know better that too many credit cards can hurt my credit score
So their strategy is to send my application to multiple banks and try the luckI thought they had resources I did not have the access to but it seems everything they did can be done on my own (the same for everyone else)In their email, they highlighted ”Remember DO NOT mention you are working with a third party.“ This made me uncomfortableI did not want to lieA bank called meI honestly told them the application was submitted by a third partyThe bank said they were not aware of thatLenCred's work is entirely based on my own credit score!
So they wanted me to lie about my household income as well as how I appliedThis is like coaching me how to fraudIt's against business ethics, and if bad things happen, I have to suffer the consequence of lyingTheir manager said they would have collectors to collect $from me for a personal credit card with a line of $5,Welcome!
My recommendation:
Don't trust *** Management/LenCredThey are not introducing you to a dedicated bankThey just try your luckYou can try you luck too
Don't work with any firms that teach you to lie*** Management/LenCred should be removed from your list of consideration
I sincerely hope this message can help other entrepreneurs that are raising moneyGood luck!
This has been the only company that has effectively and consistently tried to resolve the issue I have been put inDay in and day out there has been effective communication in regards to my business and my financesThe persistence of these employees/company especially Sean *** is relentlessThis is pure customer service and pure relationship driven as they do not charge for every phone call or emailThey are dedicated individually working towards one goal and that's doing everything they possibly can to get the job doneWhatever comes from this I am glad and very satisfied with the job they have done and I will recommend anyone and everyone to this company
I am starting a new business and had my credit approved for a loan as joe W [redacted] assured being very helpful and made meA appointment to talk to director which had approved me then I he a very rude call by who knows who that I had a appointment to arrange the logistics he had aRey professional attitude and said I had applied to other firms which was accusatory and a lie I looked at what they had to offer screened my calls and called them only h was trying to find every thing wrong after I had been approved I wanted to borrow 20,00to get my business of the ground I told him briefly my plans as I was extremely ill and could not concentrate but my have already talked about all that to joe W [redacted] and he said he asked his supervisor and I had been accepted for them that help me start I am complaining thier unfriffeial ism and advertising and misleading me to think they were anxious to help me only to get a rude call which seemed he had already made up his mind and intended
One word to describe LenCred customer service = STELLAR!!! It started with the initial phone conversation with Sean ***, Senior Advisor explaining the nuances of business credit in terms that I could easily understand (As being new to all this)Every member of the team is professional and curtious during our encounters and they quickly found lines of credit to get my business startedAll emails/phone calls/texts are met with quick and very helpful responsesSean [redacted] continues to be a guiding light listening to my concerns and giving great advice that's allowing me to continue to grow in my businessIt feels like a great partnership!!! The future feels very promising for my business with LenCred and Sean [redacted] as a partner for success!!!
This has been the only company that has effectively and consistently tried to resolve the issue I have been put inDay in and day out there has been effective communication in regards to my business and my financesThe persistence of these employees/company especially Sean [redacted] is relentlessThis is pure customer service and pure relationship driven as they do not charge for every phone call or emailThey are dedicated individually working towards one goal and that's doing everything they possibly can to get the job doneWhatever comes from this I am glad and very satisfied with the job they have done and I will recommend anyone and everyone to this company
I am very happy with the service I have received from LenCredThey over-delivered on their promise and I would recommend them to anyone looking for help in attaining business financing***
*** Properties
I am starting a new business and had my credit approved for a loan as joe W*** assured being very helpful and made meA appointment to talk to director which had approved me then I he a very rude call by who knows who that I had a appointment to arrange the logistics he had aRey professional attitude and said I had applied to other firms which was accusatory and a lie I looked at what they had to offer screened my calls and called them only h was trying to find every thing wrong after I had been approved I wanted to borrow 20,00to get my business of the ground I told him briefly my plans as I was extremely ill and could not concentrate but my have already talked about all that to joe W*** and he said he asked his supervisor and I had been accepted for them that help me start I am complaining thier unfriffeial ism and advertising and misleading me to think they were anxious to help me only to get a rude call which seemed he had already made up his mind and intended
The guys at Lendcred were very professional and lead me in the right direction to get my business started
BEWARE! PERSONALLY GUARANTEED CREDIT CARDS
Their service is nothing more than applying for a bunch of credit cards on your behalfMany of the cards have annual fees, short or no 0% promotional offers and high interest ratesThe fees they charge to submit these applications on your behalf are outrageousYour personal credit score WILL go down with all of the hard credit inquiries that will be submitted on your behalfMine started at and went to when they finished their "process."
Most of the cards will report to business credit agencies, some may report to your personal, BUT if you are delinquent on any of your payments all of the cards are PERSONALLY guaranteed by you as an individual and your social security number is submittedThus, if your business fails you are PERSONALLY responsible for this debt and it WILL impact your personal credit scoreThey may be charming and kind customer service wise, but the service they are offering is of little value, very expensive and misleadingI agree with the other reviewer, if you have ANY other options to secure financing review those options firstUntangling the mess they create for you (cancelling credit cards, moving funds from one to the other, paying more balance transfer fees etc.) takes a LOT more time than just applying for a credit card yourself or finding another funding sourcePersonally I believe companies like this are unethical at least and borderline illegal and should be shut downBEWARE and know what you are getting yourself in toIt is not a "business line of credit", it is a bunch of business credit cards that are secured with your personal guarantee
They made funding my business simple and easyThey help get you credit worthy, then find all these different revenue streams to find your business
I found LenCred extremely easy to deal with If I had a question, they answered it quickly They were always pleasant and made me feel at ease Thank you very much and I would definitely recommend LenCredThey have helped me realize my dream :) Thank you Lord for Lencred :)
Bill ***
Ive been working with LenCred for over a year now And I have to say, I'm completely dissatisfied I purchased in to a franchise last April and was referred to them for financing We were initially told that since both my wife and I already had LLCs established the process would be easy We were also told that we would be getting a few "Business credit lines" Before we knew what was happening we were getting "personal creditcards" and being charged 10% of each card value as a "fee" This plummeted both my wife's and I's credit ratingWhen we asked Sean M*** and his team about it we were told "They will go away in months" Fast forward months, and now I'm being told to contact yet another "partner" that can remove those inquires for, yet again another insane fee Over all we got only credit cards, something my wife and I could be doing at home And we have been told by the business on several occasions NOT to let the lenders that we are using a third party to apply for th
We were lucky enough to be recommended through a partner and we also attended a presentation by Tom *** where we realized the benefits to our true startup clients where they can fund their business or even purchase a franchise with little or no initial out-of-pocket expenseSome of the most satisfying experiences we have had with LenCred are the ongoing efforts the company makes for our referralsOne instance that comes to mind is a client, a Veteran, who was going to purchase a business with a partner but unfortunately it turned out that the partner had a lot more serious credit issues than he shared and the partnership broke upLenCred has never given up on our client and has spent countless telephone calls over many months to assist him in his dream of buying a business on his own
Working with LenCred and Sean has been a wonderful experience He was able to help me to obtain funding for my business and made the process as easy as possible He was always available for questions and very knowledgeable of the process and products
Even with my normally cynical perspective in tact, Lencred did a great job of getting us the financing we needed within a very short time frameTheir communication was professional, quick, responsive and politeLencred went out of their way to ensure we understood each step along the way and they stuck to everything they saidIn the world of finance, keeping your word is extremely valuable and I was very impressed with the integrity offered by the Lencred team
My experience with LenCred was beyond phenomenalThe staff is very knowledgeable and consumer friendly! They exceeded my expectationsI would recommend every entrepreneur seeking working capital to give LenCred a call for a free consultation
Professional, efficient and expedient service!
One word to describe LenCred customer service = STELLAR!!! It started with the initial phone conversation with Sean ***, Senior Advisor explaining the nuances of business credit in terms that I could easily understand (As being new to all this)Every member of the team is professional and curtious during our encounters and they quickly found lines of credit to get my business startedAll emails/phone calls/texts are met with quick and very helpful responsesSean *** continues to be a guiding light listening to my concerns and giving great advice that's allowing me to continue to grow in my businessIt feels like a great partnership!!! The future feels very promising for my business with LenCred and Sean *** as a partner for success!!!
This was my first foray into owning a businessLike many, I was apprehensive about dealing with my financials online with a company I hadn't heard ofLenCred was fantastic, exceeding my expectations in every wayThey put me at ease, and explained the process before handWhen I had a question, they were quick to respond with a replyI will definitely pass on their info to my future clients when the need is thereThanks LenCred!
I've been associated with LenCred formerly Hawkeye for more than years and I find the organization quite helpful in building my businessLess than years ago I visited the site in Bentonville so I can experience first hand how the operation is run and I came away very impressedEveryone was helpful, professional and the interaction with customers in terms of compliance and disclosure is as good as it getsCurrently I work with primarily with Jordan Thomas and he's been sensational and extremely responsive
I was recently approached by *** Management for business loansOnce we reached the application stage, it changed into LenCredIt seems the two are the same companyOne representative called me after I filled out my informationI wrote $8,for my income, which was trueI also told him my typical annual income is $24,000; last year was low because I was abroadHe said I should use $24,He asked if I have roommates and added their annual income so that I could have a household income of $70,I was not very comfortable but it seemed it's their typical and routine practiceMy roommates and I are not related
And then I got a list of banks to which they submitted my applicationI thought there would be just ONE bank for ONE business credit card, but it turned out that they submitted my application to banks (who knows, maybe more), which at least two are for personal credit cardsMy credit score is 750+ and I can easily get personal credit cardsIt does not make sense that I pay LenCred 9% brokerage fee for some thing I can get for free! It seems some of the banks can approve about $5,But who want to manage seven more credit cards? I already have threeLenCred should know better that too many credit cards can hurt my credit score
So their strategy is to send my application to multiple banks and try the luckI thought they had resources I did not have the access to but it seems everything they did can be done on my own (the same for everyone else)In their email, they highlighted ”Remember DO NOT mention you are working with a third party.“ This made me uncomfortableI did not want to lieA bank called meI honestly told them the application was submitted by a third partyThe bank said they were not aware of thatLenCred's work is entirely based on my own credit score!
So they wanted me to lie about my household income as well as how I appliedThis is like coaching me how to fraudIt's against business ethics, and if bad things happen, I have to suffer the consequence of lyingTheir manager said they would have collectors to collect $from me for a personal credit card with a line of $5,Welcome!
My recommendation:
Don't trust *** Management/LenCredThey are not introducing you to a dedicated bankThey just try your luckYou can try you luck too
Don't work with any firms that teach you to lie*** Management/LenCred should be removed from your list of consideration
I sincerely hope this message can help other entrepreneurs that are raising moneyGood luck!
This has been the only company that has effectively and consistently tried to resolve the issue I have been put inDay in and day out there has been effective communication in regards to my business and my financesThe persistence of these employees/company especially Sean *** is relentlessThis is pure customer service and pure relationship driven as they do not charge for every phone call or emailThey are dedicated individually working towards one goal and that's doing everything they possibly can to get the job doneWhatever comes from this I am glad and very satisfied with the job they have done and I will recommend anyone and everyone to this company