The commercial loan brokerage industry is a competitive market. For every borrower, there might be a dozen brokers trying to get their attention. How do you stand out in this playing field? Finding your niche in the market can be the first step away from chasing...
The Small Business Administration, or SBA, is an indispensable organization for many small businesses. The SBA program helps companies throughout the country to secure the financing that they need to grow. However, the SBA’s strict requirements and numerous policies can be challenging to navigate for the first time. In this article, we break down the ins, the outs, and the key points that you need to know to determine whether an SBA loan might be the right fit for your business.
With the new year come new opportunities for growth. Most commercial loan brokerage firms go into the new year with the same plans they used in the previous year, but with proper planning, the successes of the previous year can be improved upon in the upcoming one....
A broker’s primary goal is to help their clients find the funding solution that is right for them. This is a simple goal, but successful implementation requires an understanding of how a client thinks. While the broker is familiar with the intricacies of the financial world, their clients will not be. It can be a confusing and often times infuriating place. Understanding how a client thinks can not only help move the process at a smoother pace, it can potentially save a fraught deal.
Branding can seem like a foreign concept, but it is an important part of how a broker markets their services. How people view a broker can make, or break, their business. People often base their decisions on appearance, focusing on whether or not a company looks professional and trustworthy. This makes it critical for commercial loan brokers to make sure they are always putting their best foot forward.