Wednesday, November 4, 2026 · Customer reviews of US businesses
The Fair Hearing score
Excellent
458 reviews
LenCredSelect a line to read only those reviews.
Honesty, pricing, process and quality scores appear once 5 customers have rated them.
LenCred helps entrepreneurs and small business owners obtain low-cost financing and assists businesses with high-cost debt to improve and/or restructure their debts to more cash-flow friendly financing that reduces interests expenses. Startups in their first 3-5 years can obtain between $25,000 - $250,000 in low-cost financing that doesn't require collateral or financials and that can be used to start, build, and grow their businesses. Established companies can get even more, all WITHOUT needing to pledge your precious collateral.
LenCred (lencred.com) has 458 customer reviews on The Fair Hearing, with an average rating of 4.8 out of 5.
458 approved reviews, newest moderated first
My name is James Harris im client and i must say Joel provided great customer services he honest respectful and trustworthy that more than you ask for in this business dont hesitate to give him a call
By JAMES H.
I can't believe I'm the only one who's writing a review like this. Trust me, I looked. If you think you're applying for business financing, you're going to be disappointed. I was referred to this service by Lendio. On my initial Lendio application I indicated I was looking for an SBA Veterans Advantage Loan. We also spoke about SBA Veterans Advantage Lines of Credit. I was repeatedly assured that my personal credit was stellar and I was a perfect candidate for small business financing. After going of the details of my business and our growth trend, I was told my business was also promising and that I should be a prime candidate. Again, this entire time I thought I was applying for a Government subsidized SBA Veterans Advantage Loan or Line of Credit, or a non-SBA Line of Credit through a BANK. I spoke with a lender, no scratch that, a Sales Rep named Jimmy. He's good, I'll give him that. I've been in sales for the past 10 years, so I know good technique when I hear it. After speaking with Jimmy about the business and getting him excited about our future sales and vision, he curtain parted. Oh no, you wont get a line of credit, but instead well sign you up for 1215 CREDIT CARDS. LenCred is NOT a bank, lender, or anyone affiliated with the SBA. No, they are a CREDIT CARD Affiliate. On top of their healthy commissions they will receive from the credit card companies for signing me up, they want an 8% "Loan origination fee". Don't know why I'm paying for a loan origination for NOT A LOAN. They also said they have a company they work with to gain access to cash from the cards, where they charge the Credit Cards and then wire the money to me or my vendors. This sounds pretty shady and I'm not sure the IRS would be a fan of this. But I'm not a CPA so I don't know. Long story short. If you are reading this and wondering "Am I being referred to a legitimate lending institution?" No, no you're not. You're working with a credit card sales agency. If you're in desperate need of capital for your business and everyone else has turned you down, and you don't mind frying your personal credit, then LenCred may be your last option. Do yourself a favor, talk to a bank first.
By Scot S.
Response from LenCred· Mar 18, 2018
Scot, Thanks for taking our call last week and talking this through with us. I'm glad we were able to agree on a conclusion and I'm sorry for the mis-fires with the communication. Please feel free to share your final thoughts and takeaways with the rest of the world if you'd like to do so. Just for all to know, we never collected any fees from Scot and the frustration was with him being pointed in the wrong direction. As a veteran he wanted to work with someone who could help him get a funding solution that isn't part of our agreement with the partner who he initially contacted. Poor communication on our end with our partner and as soon as he talked with us we realized it and informed him. Thanks again for talking this through with us Scot so we can learn how to get better with our many partners out there who we work with. The LenCred Team
I am in the yoga biz and loved talking to Joel! He rocked it. He made me laugh and he is quite knowledgable. The call was also quick and concise. He did not waste my time, which I appreciated.
By Tracy
I found Randy to be very knowledgeable, helpful and informative. He explained the process to me and I'm looking forward to doing business with Lencred.
By Maria
Excellent!!
By A W.
I highly recommend their expert services and financing options. I worked closely with Laurie and Marcus. Both are knowledgeable, qualified and trained professionals who were also very personable, easy to work with and exceptionally informative throughout the entire application process. In the end, I am very pleased with the credit financing solutions offered and would not hesitate to do business with them in the future. Kudos!
By Ana
Randy was very helpful and informative. Thank you!
By Jacob V.
The process was extremely easy, upfront and with open dialog.
By lisa C.
