top of page

​​​

HOW TO BE A BUSINESS LOAN BROKER

​

The banking industry serves many functions and one of the most important is the business of lending. It's not only people seeking to buy a home that need a loan; it's also commercial clients, corporations and companies that want to expand or develop new projects.

Sometimes the local bank is unable, or unwilling, to make the necessary loan or sometimes another financial institution can offer better terms.

Businesses are helped in achieving their goals by using a business loan broker who finds the right lender for a commercial client.

 

Steps

​

Work as an independent contractor on your own or at a brokerage.

​

  • A business loan broker works as an intermediary between the borrower and a lender.

  • A business loan broker is capable of producing many lenders, sometimes known a as wholesalers, to the borrower.

  • A loan business broker can also use his or her knowledge and expertise to counsel a business on what to do about potential lending problems.  

 

Get comfortable selling your services.

 

  • Equipped yourself by attend training courses available.

  • Many careers are really about sales -- selling a product or a service.

 

 

Build a network of lenders within the banking industry.

​

  • Lenders might be banks, private lenders or others.

 

Get the word out to companies and corporations that you have business loans available.

​

  • Join civic groups, the Chamber of Commerce or any place where you can make contact with the CEOs and CFOs of businesses in your region.

  • Often it's just a matter of contacting the right person at the right time. Stop by businesses and leave your business card and marketing materials

  • Be comfortable with making cold calls.

 

Learn how to process a loan so the only thing to do is to give the complete file to the lender.

​

  • Ensure that you know the lending criteria of each participating loan provider.

  • Screen potential lenders prior to submitting loan applications to lending providers.

  • Ensure that all relevant documentation accompany completed loan applications to lenders.  

 

 

A business loan broker pulls together the necessary information for a loan, including appraisals, credit reports, etc.

​

  • Often, a broker creates spreadsheets to analyze the debt coverage ratio.

  • Gain skills in doing a business plan if required and doing a cash flow budget to confirm the business repayment ability.

 

Get paid for your work as a business loan broker when a lender accepts your loan proposal.

 

THE KIT CONSISTS OF::

 

Biz Cash Flow Budget Template 

Business Plan Financial Template

Broker Loan Agreement (Example)

PDF Business Loan Broker Training Manual

Power point Broker Training Presentation 

PDF Business Loan Broker Operating Manual

Cash Flow Budget Questionnaire

Commercial Loan Application Template 

Bridging Loan Application Template

Loan Repayment Table

​​

Don’t miss out on this lucrative opportunity!

 

For more information contact us today!

​

​

bottom of page