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CredXpress
- Financial Services
- American Fork, UT
About this business
Business Consultant, Business Services
Location details
12 W 100 N St STE 202B, American Fork, UT, 84003, United States
Get directions| Weekday | Schedule | Status |
|---|---|---|
| Mon | 8:00 a.m. to 5:00 p.m. | |
| Tue | 8:00 a.m. to 5:00 p.m. | |
| Wed | 8:00 a.m. to 5:00 p.m. | |
| Thu | 8:00 a.m. to 5:00 p.m. | |
| Fri | 8:00 a.m. to 5:00 p.m. | |
| Sat | Closed | |
| Sun | Closed |
Starting a new business during a pandemic was pretty daunting. Credxpress worked with me to seek funding which I was unable to acheive with the SBA or my local bank during this time. While we are still working on getting larger capital amounts necessary for more long term stability, they have been great at getting my feet in the door with lendors and starting out with some essential capital.
We've been looking to start our own business for a while and struggled with finding the funding. Once we connected with the team at CredXpress they made the process easy and walked us through each step making sure that we understood each process and they even saved us quite a bit of money! We had a few drastic changes in our business strategy half way through the process and this team was able to turn on a dime and didn't charge us anything additional to change directions. Their approach was comprehensive, professional and e... read more
Business response:
******* , Thanks for the feedback! SBA loans can be frustrating for many clients due to the time frame to close, and all the extra hoops that are required to jump through. You were patient, and willing to see the process through to the end for the big win — and that makes a world of difference when funding larger loans. Best of luck in 2020! Thank you for your business! Russell
I needed new equipment for my logging business, and Credxpress helped me understand both loan and lease options before submitting the final application for funding. They were prompt and thorough. Thanks!
Business response:
Thank you *********. If the seasonal issues (rain), impact your cash-flow as we discussed, we can tackle some working capital loans at a later date. Regards,
I applied for a Sba Loan for 235,000 mr.c was very pushy from the day I applied he wanted 7500 dollars up front I knew something was fishy I spoke to him about the grocery store I wanted to purchase and he assured me if anything went wrong I would be entitled to 50% refund the same night I sent him a email with the details that the business was no longer for sale and asked him to stop the process and told me .c of the bad news then I called him the next morning soon as they opened and that’s when Mr.C got very pushy,rude and... read more
Business response:
You weren't issued a refund because you were already pre-approved for the loan. Refunds are only issued in the event of denial. We acted quickly in your behalf (per request), because you stated that you had worked with a previous loan company, and that they had been dragging their feet with the loan process. If the seller chose not to sell, that's why we recommended having a buy/sell in place before ever getting deep into the loan process. We advised you of that (upfront), however you stated that the seller knew your fiancee... read more
I wasn't ready to start my business, and wanted to understand what would be required to obtain small loan of 35k. They provided me with business checklist to start working on, and helped me understand the basic credit requirements that would be required before I applied. I appreciated the guidance, and that they took the time to answer all my questions.
Business response:
Thanks ********. Please feel free to follow-up with any additional questions that you may have prior to launch.
I worked with Credxpress for 3 months after being tuned-down from my local bank. Jim helped get me in position to secure a SBA loan for 620k to purchase a business, and a separate operating line of credit for 75k. Thanks for the assistance.
Business response:
Thanks ***! Once you're ready to upgrade some of the equipment that was discussed, please circle back to discuss both lease/loan options. We'll break down the pros/cons of both products, and see what's best for your business moving forward.
This is a scam. This company got my money and told me they would clean up my credit so that I would be able to get a loan and almost a year later Mr. Jim R****** ask me to pay off a past due payment that I sent ************a copy of my deployment letter showing where I was deployed and should have ended my contract.
Business response:
The Soldiers' and Sailor's Civil Relief Act will cap interest rates on loans or debt you accumulated at 6% -- including mortgages, credit cards, etc. However, this rule applies only to debt incurred prior to military service. If you have missed payments with creditors while you were deployed, you may want to call the creditors directly — and see if they are willing to remove the negatives for you as a courtesy. New late payments obtained during any loan application are detrimental to the approval process. If you would like t... read more
Credxpress did a great job helping me get the business funding I needed. They took a comprehensive approach which included credit repair, writing a business plan, and then finding the funds I needed. Midway through the process the owner of the business I am buying decided he wanted to do a quick close on the deal and Jim, my lender placement representative, was able to shift gears and help me get the money I needed quickly. I was able to get over 100K in loans/lines of credit and am closing on my new business in a couple of ... read more
Business response:
Thank you for the feedback *******! If we're in MN, we'll have to stop by and try some food. Good luck with the restaurant... and Go Vikes!
I talked to an underwriter and he was just a pushy salesman that thought he had all the answers. More interested in getting money than helping you out.
Business response:
*****, It's the underwriters roll to help you understand the problems that you potentially face before submitting loan applications. You stated that you wanted to purchase a business, but weren't going to address the credit problems associated with your file. If you can resolve the collection items (by yourself) — then you can come back and we can work on the applications for you. The associated cost on your file is unavoidable if you're trying to start/purchase a business. For a business acquisition loan — you will need a b... read more
Frequently asked questions about CredXpress
How is CredXpress rated?
CredXpress has a 3.3 star rating with 41 reviews.
When is CredXpress open?
CredXpress is open now. It will close at 5:00 p.m.
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