What Is Credex Advisors?
Credex Advisors is a licensed CPA firm that specializes in financial due diligence for business acquisitions. Unlike traditional accounting firms that offer due diligence as one of many services, Credex has built its entire practice around one mission: providing world-class financial due diligence procedures to buyers of businesses at a fraction of the cost of traditional options.
The firm leverages proprietary technology combined with experienced Big 4-trained CPAs to deliver fast, accurate, and affordable financial diligence — making it accessible to buyers of all sizes, from individual acquirers purchasing their first Main Street business to private equity firms executing roll-up strategies.
Who Is Behind Credex Advisors?
Credex Advisors is led by Chase and a team that combines Big 4 CPA experience with business ownership and operational expertise. The firm boasts:
- 50+ combined years of experience across their team
- 1,000+ engagements performed — a significant volume that demonstrates both experience and process refinement
- Licensed CPA firm status — important for credibility and regulatory compliance
- Big 4 alumni who bring enterprise-level diligence methodology to the SMB market
The team’s dual background in both professional accounting and business operations means they understand financial statements not just from an audit perspective, but from the practical standpoint of what the numbers actually mean for a buyer running the business post-acquisition.
What Services Does Credex Advisors Offer?
Proof of Cash Report — $4,000
Credex’s flagship offering is the Proof of Cash Report, priced at $4,000. This comprehensive engagement includes:
- Financial Statement Reconstruction: Rebuilding the financial picture from source documents to verify accuracy
- Bank Statements Fraud Review: Detailed analysis of bank statements to identify irregularities or potential fraud
- Revenue Verification: Confirming that reported revenue matches actual cash receipts and supporting documentation
- Expense Verification: Validating reported expenses against bank records and source documents
- Underlying Reconciliation Support: Cross-referencing multiple data sources to identify discrepancies
- Underlying GL and Bank Data: Access to the detailed general ledger and bank data used in the analysis
- 30-Minute Review Call: A dedicated call to walk through findings and answer questions
- Trailing 12 Months: Coverage of the most recent 12-month period
- 3 Bank Accounts: Analysis of up to three bank accounts per legal entity
- Per Legal Entity: Pricing is per legal entity, so multi-entity deals may require additional engagements
Who Is Credex Advisors Best For?
- First-time business buyers who need professional financial verification but can’t afford $15,000-$30,000 for traditional due diligence from a large CPA firm
- SBA loan buyers who want to verify financials before or during the lending process
- Search fund operators and independent sponsors who need to move quickly and cost-effectively on deal diligence
- Serial acquirers and roll-up operators who need a repeatable, affordable diligence process across multiple deals
- Micro-SaaS and service business buyers who need right-sized diligence for smaller deal sizes
- Buyers who want to start diligence earlier in the process — the affordable pricing makes it feasible to bring in Credex during deal evaluation, not just after LOI signing
Strengths of Credex Advisors
- Affordable Pricing: At $4,000 for a Proof of Cash Report, Credex is significantly less expensive than traditional CPA due diligence, which can run $10,000-$30,000+ for similar scope. This makes professional financial diligence accessible for smaller deals where the cost would otherwise be prohibitive.
- Technology-Powered Efficiency: The firm’s proprietary technology platform enables faster execution and lower costs without sacrificing quality. This tech-forward approach is a genuine differentiator in an industry dominated by manual processes.
- Speed: Client testimonials consistently mention fast turnaround times. In one case, a report was delivered within a week — dramatically faster than the multi-week timelines typical of traditional firms.
- Transparent Pricing: The flat-fee pricing model eliminates the uncertainty of hourly billing. You know exactly what you’ll pay before you engage.
- Customizable Scope: Credex offers flexibility to tailor procedures to align with the buyer’s specific concerns and the deal’s risk profile, rather than forcing a one-size-fits-all approach.
- CPA Firm License: As a licensed CPA firm, Credex provides an added layer of credibility and regulatory oversight that non-licensed advisory firms can’t match.
- Big 4 Methodology at SMB Pricing: The team brings enterprise-level diligence methodology — the same frameworks used in multi-billion-dollar M&A — to the small and mid-market acquisition space.
- Strong Client Testimonials: Multiple clients have praised Credex not just for the quality of work, but for finding material issues that would have otherwise been missed.
What Clients Are Saying
The testimonials for Credex Advisors are particularly compelling because they come from experienced acquirers, not just first-time buyers:
- Matt Matros (National Cleaning Collective): “I won’t buy a business without Chase.” He notes that Credex’s output is so valuable he now brings them in before finalizing LOI terms — using the diligence findings to inform his negotiation strategy.
- Benjamin Waxman (Partner WV): Highlighted the “massive amount of value” and the importance of “transparent and affordable pricing” — especially when diligence costs come out of his own pocket on micro-SaaS deals.
- Josh Rapaport (Noah Asher LLC): Was referred by a business broker and found Credex’s costs “much lower than the same service provided by my CPA.” Notably, Credex found an additional $250,000 in revenue that the seller hadn’t accounted for — a material finding that significantly impacted deal valuation.
Potential Drawbacks to Consider
- Not Full-Scope Due Diligence: The Proof of Cash Report focuses on financial verification. It does not replace legal due diligence, operational assessment, environmental reviews, or other non-financial diligence areas. Buyers still need other professionals for a complete diligence process.
- Per-Entity Pricing: For deals involving multiple legal entities, costs multiply accordingly. A deal with three entities would be $12,000 — still competitive but worth budgeting for.
- Bank Account Limits: The base engagement covers three bank accounts per entity. Businesses with complex banking relationships may require additional scope (and cost).
- Trailing 12 Months Only: The standard engagement covers the most recent 12-month period. Buyers who want to analyze 2-3 years of financial history (which many SBA lenders require) may need an expanded engagement.
- Not an Audit: A Proof of Cash is a valuable diligence tool, but it is not a full financial audit. Buyers should understand the difference and set expectations accordingly.
- Geographic Coverage: While Credex serves clients “across the globe,” it’s worth confirming they have experience with your specific industry and business type.
How Credex Advisors Fits into the SBA Acquisition Process
For buyers using SBA financing, financial due diligence serves multiple purposes:
- Deal Validation: Confirm that the business’s financials are accurate and that the seller’s representations are reliable
- Lender Confidence: SBA lenders want to see that buyers have done their homework. A professional Proof of Cash report demonstrates financial sophistication.
- Negotiation Leverage: Diligence findings — like the $250,000 in unaccounted revenue found by Credex — can materially impact deal terms
- Risk Mitigation: Identify financial irregularities, fraud indicators, or unsustainable trends before you commit
We recommend that SBA buyers consider engaging financial due diligence professionals like Credex before or immediately after signing an LOI. The cost is a small fraction of the deal value and can prevent catastrophic mistakes.
How GoSBA Works Alongside Credex Advisors
Credex Advisors and GoSBA serve complementary roles in the business acquisition process. Here’s how they work together:
- Credex verifies the financials. GoSBA packages the deal for SBA lending.
- Credex identifies risks and opportunities in the numbers. GoSBA uses those verified financials to build the strongest possible loan application.
- Credex gives you confidence in the deal. GoSBA gives you confidence in the financing.
At GoSBA, we provide the following services at no cost to buyers:
- Free SBA Loan Packaging: Complete loan application preparation — the lender pays our fee at closing
- Free Business Plans & Financial Projections: Professional, lender-ready documents (a $2,500-$5,000 value) included with every deal
- SBA Lender Matching: We connect you with the right preferred SBA lender for your deal’s specific characteristics
- Deal Structuring: We optimize your deal structure for SBA approval — seller notes, equity injection, purchase price allocation, and more
- End-to-End Support: Guidance from LOI through closing day
Together, Credex and GoSBA form a powerful combination: verified financials plus expert loan packaging equals a deal that lenders love to approve.
Final Verdict: Is Credex Advisors Worth It?
Credex Advisors has carved out a valuable niche in the business acquisition ecosystem. By specializing exclusively in financial due diligence and leveraging technology to reduce costs, they’ve made professional-grade financial verification accessible to buyers at every level.
At $4,000 for a Proof of Cash Report, the service represents strong value — especially compared to the tens of thousands you might pay a traditional CPA firm. The strong testimonials from experienced acquirers (not just first-timers) speak to the quality and impact of their work.
For any business buyer — especially those using SBA financing — financial due diligence isn’t optional. It’s essential. Credex Advisors makes it accessible, efficient, and effective.
Need help financing your business acquisition? Contact GoSBA today for a free consultation. We’ll help you navigate the SBA lending process and pair perfectly with your due diligence team to get your deal closed.
