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Category Archives: Loan Brokers
Bankers are Your Best Friend
Bankers can be a broker’s best friend, and one of the most profitable referral partners for a commercial loan business. Continue reading
5 Big Mistakes Commercial Loan Brokers Make
Running a commercial loan brokerage business can be very rewarding and profitable, but it could also be a struggle if a commercial loan broker falls in to some of the bad habits that we see in the market today. These bad habits can not only hinder a loan broker’s ability to get deals done, but they can also constrain a commercial loan business from growing. Continue reading
5 Tips for Operating a Commercial Finance Business From Home
Working from home comes with many benefits including flexibility, but there are some key points that one should follow to make a home based financial business more successful. Continue reading
Screening Commercial Loan Deals
All types of businesses with all types of commercial lending needs turn to commercial loan brokers to assist them in business growth and development, but not all are truly qualified to receive the loan. These simple guidelines are your checklist to ensuring success in your commercial loan brokerage. Continue reading
2010 Sees Highest Startup Rate in 15 Years
According to a recent article from CNN Money, “The percent of Americans starting businesses in 2010 and 2009 was the highest in 15 years.” It might seem counterintuitive to see an increase in the number of start-ups during a recession, but because unemployment rates are running high, people are simply creating their own jobs, and are working for themselves. Continue reading
Being Mindful of Your Own Finance Issues
Many loan brokers overlook their own business finances and fail to protect the hard work they have dedicated to making their brokerages successful by neglecting to enforce proper book-keeping or adequately filing their income levels. These simple techniques will assist in creating mindfulness of your own finance issues. Continue reading
Maintaining a Well Prepared Arsenal
Consider these items when maintaining a well-prepared arsenal of materials that you will need in order to run your loan brokerage operation smoothly and successfully. Continue reading
Big Banks Still Snubbing Small Business
There is definitely a commercial loan funding gap, and it hasn’t gone anywhere in the past two years. And because small and medium sized businesses still need capital, that generates a genuine opportunity for independent commercial loan brokers. Continue reading
How to Prospect Bankers as a Referral Source
There are three main ways a relationship between a broker and a banker can work. Once a broker and a banker identify each other’s resources, the process will build, and each will be able to recognize referral opportunities quickly. Continue reading
Evaluating the Risks and Rewards of Venture Capitalism
Venture Capitalists look for several factors before investing in upcoming companies. These three questions will help in determining the risk involved with venture capitalism. Continue reading