LenCred TRUSTED BUSINESS REVIEW: LenCred's core values: Team work with a can do attitude, Excellence with fanatical execution, Relentless commitment to performance & results, embrace change & growth. Every LenCred employee exhibits core values with every client that entrusts LenCred for financing needs. LenCred made serious commitment to help clients achieve funding goals through establishing personal, business credit & securing funding the right way.

Ripoff Report REVIEW /Commitment to Customer Satisfaction

LenCred joins Ripoff Report Corporate Advocacy Business Remediation & Customer Satisfaction Program -- a long name for a program that does a lot for both consumers and business alike.

Ripoff Report Corporate Advocacy Business Remediation & Customer Satisfaction Program -- a program that benefits the consumer, which helps to increase consumer satisfaction and confidence when doing business with a member business Verified By Ripoff Report.

When a company or individual joins the Ripoff Report Corporate Advocacy Program, they must make a commitment to us - in writing - to 'doing whatever it takes to make things right with their customers.' What does that mean? It means that Ripoff Report expects that members of our Corporate Advocacy Program will review and respond to ALL customer complaints promptly. It means that every complaint will be taken seriously and every customer will be treated fairly and with respect. It means if a customer did not receive what they expected, the company will work with that customer to fix the issue. It means that if a customer requests a refund and if there is any reasonable basis for that request, we expect the customer will be given a prompt refund (some refund requests may not be reasonable, so this does not mean a refund is guaranteed in every case). "Making things right" can mean lots of different things to different people, but our point is this - by working closely with the company or individual to resolve any disputes, Ripoff Report can track the footprints of customer service to ensure that our Corporate Advocacy Program members are doing everything they can to treat customers fairly and to increase their customer satisfaction.



ALL COMPANIES GET COMPLAINTS, BUT HOW THE COMPANY HANDLES THOSE COMPLAINTS, SEPARATES GOOD BUSINESSES FROM THE REST

Ripoff Report Verified™ .. part of Ripoff Report Corporate Advocacy Business Remediation & Customer Satisfaction Program.A program that benefits the consumer, assures them of complete satisfaction and confidence when doing business with a member business..

By ED Magedson - Founder, Ripoff Report

LenCred approached Ripoff Report with the intent of wanting to resolve any customer issues and reports posted on Ripoff Report.

As a Part of the Corporate Advocacy Program the member business allows Ripoff Report to send an email to all of those who filed a complaint in the past, letting the customer know, the member business wanted to make things right with them, whatever it takes to do so. Ripoff Report always monitors these emails to insure the member business does what they agreed to. The people at LenCred did just that.

LENCRED CONTINUES TO CLARIFY WHO THEY ARE AND WHAT THEY CAN DO FOR CLIENTS

"LenCred is based in Bentonville Arkansas with the corporate office located in Blackwood NJ.LenCred services clients in all 50 states, helping small business owners who are start-ups and established businesses obtain financing based on the needs of their business.

Understanding your financing options can be daunting and challenging as a small business owner. At LenCred our professionals make it simple to navigate and understand the right funding opportunities to help assist small business owners in obtaining the funding they need for their businesses.

Once you have connected with one of LenCred's professional advisors you will gain the knowledge and sense of relief knowing that as a small business owner you will obtain the capital you need to start, grow, or build your business and do it in a way that helps preserve and protect your personal credit.”



WHY LENCRED IS BETTER THAN THEIR COMPETITORS

"LenCred CARES!! Unlike competitors who make large promises and deliver less results, LenCred spends time to understand your personal credit profile, your business needs, and your situation. LenCred combines that with factual credit information to determine real expectations for you using our extensive data and proven experience.

LenCred promises to never inflate your income or deliver any inaccurate information to any lender at any time. LenCred also promises they will never contact a lender pretending to be you, in most cases this is common practice amongst our competitors. You can rest assured that only real and accurate information will be used in the funding process and we never put you, your business, or your personal information at risk.”

LENCRED – STATEMENT FROM OWNER TOM GAZAWAY

"My name is Tom Gazaway and I am of owner of LenCred. I would like to thank you for taking the time to review LenCred. LenCred provides funding solutions to small business owners seeking capital. Contact LenCred and allow our professional staff to show why we are the choice of many small business owners in all 50 states. If at any time you feel you did not receive the professional service you deserve please contact one of us on the management team.

At LenCred we pride ourselves in using the highest quality SERVICE.

LenCred only hires people who exhibit and share our core values. LenCred takes great pride in being a part of small business financing, knowing that the fuel of our economy is small business owners. Our commitment to their success is shown throughout our process.”



LENCRED – SHOULD I BOOTSTRAP OR BORROW MONEY TO BUILD MY BUSINESS?

"Knowing whether or not you should invest your own personal funds in your business or borrow money from a bank or lender could be crucial to your overall success. Waiting too long to borrow or borrowing before you need it may or may not impact your business in a good or bad way. Below I outline several ways to determine whether or not you should bootstrap or borrow money to build your business.

Your Business is High or Slow Growth

According to a colleague of Daniel Isenberg and Ross Brown over at the Harvard Business Review, “High-impact firms …represent between 2 and 3 percent of all firms [in the US], and they account for almost all of the private sector employment and revenue growth in the economy.” With that said, if your business is a high growth firm that reaches at least 1 million in revenue by year 5, borrowing money may not be a bad idea (especially if you have low overhead). Banks and lenders may view you as a good candidate for borrowing money because your business has a proven track record of success (and has grown quickly).

If your business is a slow growth business that lacks consistency in revenues generated, you may want to bootstrap instead of borrow. Inconsistency in cash flow could cause you to default on a loan. I suggest waiting until cash flow is steady and reliable before borrowing. Daniel Isenberg and Ross Brown over at the Harvard Business Review also states that high growth businesses typically include food services, real estate, construction, commerce, logistics and manufacturing. This is not to say that other industries cannot experience high growth. However, these are the most likely.

You Have the Ability to Borrow

Having the ability to borrow means you’ve got what it takes to meet a bank or lenders criteria for approval. Depending on the lender (and type of financing you are applying for) you may need established and well managed business and/or personal credit, valuable collateral to pledge, and proof of business and/or personal income. If you have bad credit or no credit, no collateral to pledge, no business income, or significant personal income you may find it difficult if not impossible to borrow money for your business. If you have good personal and/or business credit, own valuable assets, generate significant business and/or personal income, most banks and lenders will view you with favor. This will make it easier for you to qualify for funding.

You Have the Ability to Service the Debt

Being able to service the debt is critical in your decision to bootstrap or borrow. Borrowing money for your business at the wrong time can be a death sentence. For example, one of my business associates borrowed $500,000 for her business during the early stages and found herself having major cash flow problems when her clients failed to pay on time. It eventually caused her to default on the loan and file for bankruptcy. I say this not to discourage you, but for you to be mindful of how important it is to borrow money for your business only when you are confident you have the ability to pay it back.





ANY BUSINESS THAT CAN ADMIT THEY MADE MISTAKES AND CORRECTS THOSE MISTAKES IS A BUSINESS YOU CAN TRUST AND WORTH DOING BUSINESS WITH

As stated above, LenCred is committed to 100% customer satisfaction and has made every possible effort to ensure that all customers have a positive experience while at their business.

After speaking with the management at LenCred and emailing anyone who filed a complaint in the past, Ripoff Report is proud to give LenCred a positive Rating. LenCred made efforts to ensure that all customers were satisfied and owner Tom Gazaway assured Ripoff Report that the business has an improved business model that features customer satisfaction as the top priority.

STATED IMPROVEMENTS FROM LENCRED

"They're new policy is to always contact all customers to gather valuable feedback so that they can continue to adapt and deliver the best customer service possible. LenCred is willing to go beyond the call of good customer service and do what it takes to make things right with their customers.

LenCred is dedicated to customer satisfaction , we are passionate about what we do and we want to be a small part of our clients and their businesses overall success. Our fees are always competitive based on industry norms/standards and we go overboard in achieving 6 specific benefits for our clients, something nobody else in our industry does. We are 100% committed to finding an amicable resolution with any client who communicates those concerns with us and is un-satisfied for any reason. LenCred receives a positive rating for their commitment to Ripoff Report Corporate Advocacy Business Remediation & Customer Satisfaction Program. *Any consumer not receiving satisfaction from a member of Ripoff Report's Corporate Advocacy Business Remediation and Customer Satisfaction Program should email us at EDitor@ripoffreport.com.

This kind of dedication to customer service means that LenCred will do whatever it takes to make sure their customers are properly taken care off.

In the future, if anyone has any complaints or concerns with LenCred, you are invited to contact them directly via email: tom@lencred.com (again, please be sure to cc: EDitor@ripoffreport.com so we can keep track of the company's response and to insure customer satisfaction). You can call LenCred directly at 888-783-1503.







As always, Ripoff Report cannot guarantee that every customer or employee will always be 100% satisfied in every case, but we promise that if you have any concerns with LenCred or any of our Corporate Advocacy Program members, we will do everything we can to see that the issue is addressed quickly and that you are treated fairly and with respect. Any issues you think you cannot resolve with any member of Ripoff Report's Corporate Advocacy Program, please contact us at EDitor@ripoffreport.com.

Remember, just because a company or individual is reported on Ripoff Report does not mean you should not do business with them. Use Ripoff Report information as a tool to your advantage. Be knowledgeable about any company or person you hire. Also, don't be afraid to ask questions and get additional information until you feel comfortable in allowing them to work for you.

Be sure to contact us with your questions and comments about any business that is part of the Corporate Advocacy Business Remediation and Customer Satisfaction Program. Your questions, comments and suggestions are always welcome and will be considered even if we don't agree with them. Please realize Ripoff Report is chartering in new territory, working to make a change for both consumers and businesses alike.

Consumers can feel safe confident and secure when doing business with LenCred.

Here's why:

Read about Ripoff Report Corporate Advocacy Business Remediation & Customer Satisfaction Program, and about LenCred's Commitment to Excellence and Consumer Satisfaction.

Consumers should feel safe, confident and secure when doing business with a member of Ripoff Report's Corporate Advocacy Business Remediation & Customer Satisfaction Program, yes, a long name for a program that does a lot for both consumers and businesses alike.

..by consumers, for consumers

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Our mission:

• Empower consumers
• Defend the First Amendment
• Expose wrongdoing
• Help companies regain control
  

ED Magedson: Founder, Ripoff Report
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