Real Enterprise Consulting LLC logo

Real Enterprise Consulting LLC in New York, NY

4.5/5
Google rating from 8 reviews

Real Enterprise Consulting LLC offers business financial advisory services focused on helping entrepreneurs separate finances, build business credit, and structure sustainable income streams.

Data compiled from public sources · Google rating shown when a stored review count is available

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Real Enterprise Consulting LLC Review

Real Enterprise Consulting LLC (REC LLC) is a business consulting firm founded by Ousmane Toure that targets entrepreneurs and small business owners seeking to improve their personal and business finances. The company positions itself as a wealth advisory firm that helps business owners move beyond survival mode to achieve what they call 'entrepreneurial freedom.' Rather than providing direct lending, REC LLC operates as a financial consulting and advisory service.

The company offers a comprehensive suite of services organized around three core wealth-building pillars: generating more revenue, preserving money, and multiplying funds. Their specific service offerings include business registration assistance, digital marketing support, personal finance planning, bookkeeping services, tax preparation, and credit leverage strategies (both personal and business credit). They market a proprietary '10-Step Formula to Achieve Entrepreneurial Freedom' as their primary service delivery model, delivered through consultations with their 'Wealth Advisers.'

What distinguishes REC LLC is their explicit focus on the intersection of personal and business finances for entrepreneurs, particularly addressing the common pain point of business owners not paying themselves adequately. Their founder's personal narrative about leaving employment due to insufficient compensation drives their messaging. The company emphasizes education and structured planning rather than quick capital infusions, with a newsletter signup and consultation-based business model.

However, potential clients should note that REC LLC does not appear to be a direct lender or loan provider despite being categorized under business-loans. They are primarily a consulting/advisory firm. The website lacks information about licensing, credentials of their advisers, pricing structures, typical engagement costs, or verifiable outcomes. The '10-step formula' is prominently marketed but not detailed on the website, requiring direct contact. No third-party reviews, testimonials, or regulatory information are provided.

Services & Features

10-Step Entrepreneurial Formula coaching
Bookkeeping services
Business credit building consultation
Business registration assistance
Digital marketing support
Personal credit leverage strategies
Personal finance planning
Revenue generation strategy
Tax preparation
Wealth adviser consultation

Feature Checklist

Mobile App
Online Portal
Score Tracking
Credit Education
Personal Advisor
Identity Theft Protection

Pros & Cons

Pros

  • Specifically addresses the common problem of entrepreneurs not paying themselves adequate salary from their business
  • Offers integrated approach combining business registration, bookkeeping, tax prep, and credit building
  • Founder transparency about personal entrepreneurial struggles creates relatable positioning
  • Separates business and personal finances as explicit goal, important for loan qualification and legal protection
  • Provides both revenue generation and expense reduction coaching, not just funding
  • Accessible contact method via phone (888-999-2544) and consultation scheduling option

Cons

  • Website does not disclose pricing, fee structures, or engagement costs for any services
  • No credentials, certifications, or licensing information provided for the founder or 'Wealth Advisers'
  • Proprietary '10-Step Formula' is heavily marketed but completely unexplained on website—must call to learn details
  • No customer testimonials, case studies, or outcome context to verify published on website
  • Not a direct lender despite business-loans categorization; unclear what specific value beyond existing accounting/advisory services is provided

State Consumer Finance Context

This is state-level context for Business Loans consumers in New York, NY. It does not confirm that Real Enterprise Consulting LLC or this specific location is licensed.

State regulator

New York Department of Financial Services

Consumer protection

New York Attorney General Consumer Frauds Bureau

Personal loan rules in New York

Status: Permitted

Rate context: 16% civil usury cap; licensed lenders may negotiate rates for certain loan types

Personal loans from licensed lenders are permitted. Unlicensed lenders are subject to the 16% civil usury cap unless a specific exemption applies. Rates above 16% are civil usury; rates above 25% are criminal usury.

Installment loan rules in New York

Status: Permitted

Rate context: 16% civil usury cap for unlicensed lenders; licensed lenders may negotiate rates under Banking Law

Installment loans are legal in New York. Licensed lenders have greater flexibility in rate negotiation; unlicensed lenders are subject to the 16% civil usury cap. Consumer Protection Act (Gen. Bus. Law Article 22-A) requires clear disclosure of all terms.

Key state rules to check

  • Payday lending is banned; civil usury cap of 16% and criminal usury cap of 25% make it illegal.
  • The Department of Financial Services actively enforces against online payday lenders targeting NY residents.
  • Licensed lenders under the Banking Law may charge rates agreed upon for certain loan types.

Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.

Frequently Asked Questions

What services does Real Enterprise Consulting LLC offer?

Real Enterprise Consulting LLC offers 10 services including Business registration assistance, Digital marketing support, Personal finance planning, Bookkeeping services, Tax preparation, and 5 more.

What profile signals are listed for Real Enterprise Consulting LLC?

Real Enterprise Consulting LLC has profile signals associated with Early-stage entrepreneurs struggling to separate personal and business finances, Business owners unsure how to structure income (salary vs. distributions) for loan applications, Self-employed individuals seeking coordinated bookkeeping, tax prep, and business credit building.

What are the strengths and weaknesses of Real Enterprise Consulting LLC?

Key strengths: Specifically addresses the common problem of entrepreneurs not paying themselves adequate salary from their business; Offers integrated approach combining business registration, bookkeeping, tax prep, and credit building; Founder transparency about personal entrepreneurial struggles creates relatable positioning. Areas to consider: Website does not disclose pricing, fee structures, or engagement costs for any services; No credentials, certifications, or licensing information provided for the founder or 'Wealth Advisers'.

How does Real Enterprise Consulting LLC compare to similar companies?

In the Business Loans category, comparable providers include American Consumer Credit Counseling, Inc., APM: Community and Economic Development, Financial Opportunity Center, NAC & SCI, San Diego Credit Repair Company. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.

Quick Facts

Headquarters
New York, NY
BBB Accredited
No
Visit Real Enterprise Consulting LLC

CreditDoc Profile Note

Research Note on Real Enterprise Consulting LLC

REC LLC is profile signals for entrepreneurs seeking structured financial advisory and business setup services, not for those needing actual business financing or loans. The main caveat is that this is a consulting firm with undisclosed pricing and advisor credentials—potential clients should request detailed information about adviser qualifications, service pricing, and specific methodologies before engaging.

Profile Signals

  • Early-stage entrepreneurs struggling to separate personal and business finances
  • Business owners unsure how to structure income (salary vs. distributions) for loan applications
  • Self-employed individuals seeking coordinated bookkeeping, tax prep, and business credit building
Updated 2026-04-30

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Quick Summary

  • Real Enterprise Consulting LLC is listed as a Business Loans provider in New York, NY on CreditDoc.
  • Use this page to check contact details, location, listed services, review signals, FAQs, and similar providers before deciding what to do next.
  • If you need a loan, account, installment option, credit help, or debt support, start with the fit quiz and compare alternatives before contacting a provider.
  • For broader context, continue into the free Credit Fundamentals course or a relevant financial wellness guide.

Next Steps

Find contact or location Check phone, address, map, and website availability. Check specific services See whether the provider lists the help you need. Review fit context Use the quiz to compare category, service, and public-rating fields. Compare alternatives Review similar providers before making contact. Improve your position What Your Credit Score Actually Means: Number-by-Number Breakdown Learn the basics Start the free Credit Fundamentals course.

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Financial Terms Explained (7 terms)

New to credit and lending? Here are the key terms used on this page, explained in plain language with real-number examples.

Interest & Rates

APR — Annual Percentage Rate

The total yearly cost of borrowing money, including the interest rate plus any fees the lender charges. Think of it as the 'true price tag' on a loan.

Why it matters

Lenders are required to show APR by law (Truth in Lending Act) because the interest rate alone can hide fees. Comparing APR across lenders is the most reliable way to find the lower-cost loan.

Example

You borrow $10,000 at 6% interest for 3 years, but there's a $300 origination fee. The interest rate is 6%, but the APR is 6.9% because it includes that fee. You'd pay $304/month and $946 total in interest.

Interest Rate

The percentage a lender charges you for borrowing their money, calculated on the amount you still owe. It's the lender's profit for taking the risk of lending to you.

Why it matters

Even a 1% difference in interest rate can cost you thousands over a loan's life. Lower rates mean less money out of your pocket.

Example

On a $20,000 car loan for 5 years: at 5% you pay $2,645 in interest. At 8% you pay $4,332. That 3% difference costs you $1,687 extra.

How Loans Work

Cosigner — Loan Cosigner

A person who agrees to repay your loan if you can't. They're equally responsible for the debt, and their credit is affected by your payment behavior.

Why it matters

Cosigning helps people with thin credit get approved or get better rates. But it's a huge risk for the cosigner — they're on the hook for the full amount if you default.

Example

A parent cosigns their child's $30,000 student loan. The child stops paying after 6 months. The parent is now legally required to make the payments or face collections, lawsuits, and credit damage.

Loan Term (Tenor) — Loan Term / Tenor

How long you have to repay the loan, measured in months or years. A shorter term means higher monthly payments but less total interest paid.

Why it matters

Longer terms feel more affordable monthly but cost much more overall. A 30-year mortgage costs almost double in interest compared to a 15-year mortgage on the same amount.

Example

Borrowing $200,000 at 6.5%: A 15-year term costs $1,742/month ($113,561 total interest). A 30-year term costs $1,264/month ($255,088 total interest). You save $141,527 with the shorter term.

Origination Fee — Loan Origination Fee

A one-time fee the lender charges to process and set up your loan. It covers their costs for underwriting, verifying your information, and preparing paperwork.

Why it matters

Origination fees are usually 1-8% of the loan amount and are often deducted from your loan proceeds — so you receive less than you borrowed.

Example

You're approved for a $10,000 personal loan with a 5% origination fee. The lender deducts $500 upfront, so you receive $9,500 in your bank account but owe $10,000 plus interest.

Principal — Loan Principal

The original amount of money you borrowed, before any interest or fees are added. It's the 'real' amount of your debt.

Why it matters

Your interest is calculated on the principal. Paying extra toward principal (not just interest) is the one route to reduce your total cost and pay off a loan early.

Example

You borrow $25,000 for a car. That $25,000 is your principal. Your first payment of $450 might split as $150 toward interest and $300 toward principal, bringing your balance to $24,700.

Underwriting — Loan Underwriting

The process where a lender evaluates your finances — income, debts, credit history, assets — to decide whether to approve your loan and at what rate.

Why it matters

Understanding what underwriters look for helps you prepare a stronger application. They check your DTI ratio, employment stability, credit score, and the asset's value.

Example

You apply for a mortgage. The underwriter reviews your pay stubs (income), bank statements (savings), credit report (history), and orders an appraisal (home value). This takes 2-4 weeks.

Want to learn more? Read our Financial Wellness Guides for in-depth explanations and practical advice.

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