Articles on How to Become a Commercial Loan Broker
The Secrets to Effective Social Media Marketing for Loan Brokers
Social Media is a powerful and delicate marketing tool. Using it can grow a broker’s business and client base, as well as providing a useful communication tool between them and their current and past clients. However, understanding the techniques and skills required can make or break a social media plan.
Newsletter for Commercial Loan Brokers
Newsletters are one of the modern world’s most common forms of communication, but they are often the most forgotten. Many end up deleted before they’re even opened. However, if executed properly a newsletter can become an invaluable source of connectivity between commercial loan brokers and their clients.
Web Design: What Makes a Great Broker Website?
We’ve previously discussed that the key aspect of a broker’s website is their content. Having proper SEO optimized content is key to ensuring that their website appears at the forefront of search results. But once their website is one of the first spotted by potential...
Branding for Commercial Lending
Branding is essential for a broker’s appearance to their clientele. The image a broker presents starts from the moment a client lays eyes on their logo. Their opinion of that broker can be formed in that split second and can be further impacted by how that branding translates across the broker’s entire operation.
Why Communication is Key
A successful broker is always informed of how the industry is changing. Conveying that information is one of the most important parts in presenting that expertise.
How Social Media can benefit loan brokerage
The words social media tend to draw up the images of vacation photos and family updates. For many loan brokers, the idea of using it as a marketing and PR tool can seem absurd.
What to Look for When Picking a Franchise
Starting a business can be a risky move. There's a lot of time and money to devote to it, legal hoops to jump through and advertising campaigns to run. Research, hiring and careful planning are necessary for creating the right foundation for a good business. Sometimes...
How to Choose the Business Structure that is Right for You
Designing a killer website, helping your clients understand their financial options, closing your first deal — these parts of starting your business likely get you excited to become a loan broker. The business structure of your new enterprise? Not so exciting. But...
5 Things Clients Look for When Choosing a Broker to Work With
When there's a client looking to expand their commercial property or business, a commercial real estate loan is the best way for them to secure additional funds for their investment. Nevertheless, there is a lot of due diligence done by potential borrowers to choose...
The Right Way to Write a Business Plan
If you are thinking about starting your own brokerage, you most likely already know what a business plan is and have heard that you need one. But do you truly understand the purpose of a business plan? Does it really matter if you have one for your small business? And...
Is It Time For You To Buy The Building Your Business Operates In?
There are multiple ways to invest in commercial real estate. If you run a business, one strategy is to own the building your business operates in. Some of the benefits of utilizing this strategy are the tax advantages, additional cash flow or savings (no rent...
Four Trends Affecting Commercial Real Estate in 2017
The U.S. CRE market landscape in 2017 is characterized by continued strong fundamentals, increased investor flows and high transaction volume. As for the economic landscape, the U.S. continues to grow moderately and add jobs. The U.S. employment gains continue to be...
The Importance of Choosing a Niche Market
The opportunities are endless for commercial loan brokers. There are many areas that you can focus on once you learn the business. Before we begin about how to choose a niche, it's important to explain that you can become what they call a “generalist” when brokering...
Fast Lead Response Keeps Leads from Going Stale
A potential client in your area Googles loan services that you offer. Your well optimized website shows at the top of the search results. They click, they read, they’re enticed, they submit a contact form on your site. Now what? Red flashing lights and sirens go off...
Bankers, Borrowers, and Alternative Lenders, Oh My!
* This blog is a special entry by our very own Darrick Brown - CLBI CEO, Trainer, Broker, and Banker. In the famous 1939 film the Wizard of Oz, Dorothy finds herself in a real life dream whereby she is caught in a tornado that takes her on a life changing journey to...
Commercial Lending Training Program: What You Need to Know
Is your company facing lay-offs? Or are you looking to start a new career? Then becoming a commercial loan broker might be perfect for you. Being a loan broker gives you the freedom to be your own boss, let’s you take home 100% of your earnings, and gives you the...
Commercial Construction Loans Vs. Investment Real-Estate Loans
There are a few key differences between commercial new construction loans and investment real-estate loans. For starters, when we think of investment real-estate loans, we mean loans for existing commercial properties already built. Commercial Construction Loans There...
What Are Commercial Bridge Loans and Why Would You Need One?
By design, commercial bridge loans are interim commercial property loans collateralized by commercial real estate that bridge gaps for you as the borrower that muscle their way in between you and your next commercial property transaction. This type of commercial real...
Letters of Intent for Commercial Real Estate Transactions
Depending on the type of transaction, a letter of intent has many other names, including term sheet, memorandum of understanding, agreement in principle, binder, and commitment letter. Regardless of the name, the function is the same: to outline the basic terms of a...
Comparing Commercial Loan Broker Training Programs
Deciding to become a commercial loan broker is the first big career decision you will make. It's important to do your research when comparing commercial loan broker training programs on the market. Who you partner with to launch your brokerage will impact your...