Articles on How to Become a Commercial Loan Broker
The Power of In-Person Loan Broker Mentoring
It’s well known that in business, having a mentor is immeasurably helpful. When questioned about their professional accomplishments, you'll find that most successful entrepreneurs credit at least one mentor. It's the men and women who are able to take in the wisdom of...
COIs and Referrals: Building Your Commercial Loan Broker Business One Relationship at a Time
Have you ever wondered what the secret is to successful commercial loan broker business? The simple answer is referrals. Everyone appreciates a good referral. Referrals are great because they take less effort with big payouts; you don’t have the usual obstacles to...
Content Is King
In today’s digital marketing world, if you’re not making the effort to create quality content then don’t bother at all. Content marketing is not a new concept in digital marketing, but it is more important than ever. Content is king and it is increasingly working its...
Top 5 Tips for Productivity as a Loan Broker
Commercial loan brokers have to juggle a lot of different tasks during their working hours which can be overwhelming. With all the important tasks that need to be completed, it’s easy for some things to fall to the wayside, and not be done by the end of the day....
Selecting the Right Lenders to Work With
Many brokerages provide their clients with financing through their relationships with alternative lenders. As a result, brokers need to have a network of lenders available to be able to match clients with in order to get them the funding they need. Having a...
Alternative Funding & Loan Options for Business
Traditional banks are declining business loans at a rate of approximately 80%. Most of these denials are due to things like credit issues (little, no, or bad credit), lack of collateral, or simply because they don’t provide funding for certain industries or business...
Content is King: Business Loan Broker Websites
Many business loan broker training programs provide students with a loan broker website at the completion of the course. These websites promise to be effective in building your business and generating leads. But, how can you be sure that the website you’re getting is...
Networks: The Central Intelligence Center of Your Loan Broker Business
For a commercial loan broker, networking is top priority. In order to garner strong relationships with clients and lenders and to fund more deals, your networks should be large and diverse. Building these networks is important and will take time and effort. In every...
Commercial Loan Brokers: Marketing Personalization
Your business is unique and you should always be marketing based on the uniqueness that makes you, YOU. When it comes to marketing for commercial loan brokers, you need to be specific. How can a commercial loan broker market their business effectively? Who You Are...
Funding Deals for Profit: Learning to Put the Client First
The Value of Trust and Integrity in the Loan Broker Business The alternative loan brokerage industry has the potential to be a vital resource for business owners seeking funding, but its reputation has been tarnished by the actions of a few unscrupulous brokers....
Building Your Lender Network One Step at a Time
One of the highest priorities for business loan brokers is the task of building your lender network. A huge pool of lenders and investors is key to a successful business loan brokerage. You will need to have the ability to offer your clients loan options that fit...
Key Metrics: Using Numbers to Grow Your Commercial Loan Broker Business
When launching, loan broker business owners are focused on establishing those first few critical connections with bankers, lenders and borrowers. When they are putting so much of their time into networking and creating a foundation for their business, many brokers...
A Day In The Life of a Commercial Loan Broker
Commercial loan brokers act as a matchmaker for lenders and businesses who have been denied a traditional loan. A loan broker is often the last resort for businesses in need of funding and the loan broker needs to be ready to provide that funding. Every day is...
What MUST a Commercial Loan Broker have in their pitch deck? The Ultimate Guide
What MUST a Commercial Loan Broker Have in Their Pitch Deck? The Ultimate Guide KEY TAKEAWAY: Your pitch deck isn’t just pretty slides—it’s your silent partner that helps you you say the right things, at the right time, in the right way. Master this critical tool, and...
Business Loan Brokers: Top 5 Tricks for Marketing Online
Online marketing has become standard operating procedure.. Almost every business, large or small, has a website and uses social media for marketing. Business loan brokers, however, face a few challenges when marketing online that traditional businesses do not have to...
5 Steps to Building a Smart Referral Network
As a business loan broker, tending and growing your referral network will be one of the most important aspects of your daily business. Half of your time (or more) will be spent building and nurturing your referral relationships and creating a network of trusted...
Not All Brokers Play by The Rules: 5 Pitfalls to Avoid When Working with Other Brokers
Networking is one of the most important parts of business loan brokering and there are many opportunities for networking to take place. But, how do you know that the brokers that you are working with are playing by the rules? Working with other brokers is part of the...
Due Diligence – The Broker’s Deal Maker or Deal Breaker
Trust is one of the first words that comes to mind when describing the relationship between commercial loan brokers and their clients. Not only do you want your clients to trust you, but you also need to be able to trust your clients. Due diligence is one of the very...