Introduction: Becoming a business loan broker and starting a business loan brokerage.

[@mrtmartelli]

This is very helpful. I look forward to watching the next video. Thank you

[@andrewelliston478]

How do I get your book. How do I get all of your coaching.

[@e.davidjohnson2797]

I enjoy your videos, good info and practical experience. Keep up the good work.

[@josemarin255]

Cheers for the Video! Apologies for butting in, I would love your thoughts. Have you heard about - Bonincoln Wordless Authority (just google it)? It is an awesome exclusive product for getting finance for your business without the normal expense. Ive heard some super things about it and my work colleague got excellent results with it.

[@reikiuly]

great video ! ready for the next :)

[@globaldigitalmusic3708]

Great Video, I'd like to get started!

[@donclay4876]

Very nice, interesting and exciting. Scary

[@wissamgoro5079]

Great boss, but do you need a license.

[@Carlos06716]

Nice presentation and straight forward.

[@BizLoanConsultantscom]

Thanks Carlos!

[@pedrohenriques58]

Just bought your book now, going to dig deep into the information. My question that I cant seem to find the answer to anywhere on the internet is...if I have multiple clients who need multiple loans a month to flip properties and I broker their loans how do I keep them from going directly to the bank/lender and skipping the middle man (which would be me)? Once they see the closing documents or credit card authorization forms they will know who I deal with and can decide to go directly to them since you don't need to be a licensed broker.

[@BizLoanConsultantscom]

A fee agreement.

[@pedrohenriques58]

Wouldn't a fee agreement just state how much i'm getting paid or what the costs of the loan will be? Or does it prevent the lender from dealing with my client directly in future deals? Would the agreement be between myself and the bank/lender or between the client and I? This is the one part that confuses me. So, sorry if its a naive question.

[@BizLoanConsultantscom]

Here is the language from one of my fee agreement samples #6 Non-Circumvention: The Borrower agrees and covenants that he will not directly, or indirectly; or in conjunction with any other person, company, partnership or corporation; apply to the lender(s) to whom Broker has submitted his loan application, except through Broker as his exclusive agent, for a period of 36 months; otherwise the Borrower shall be liable to Broker for the loan brokerage commission described above on any loan amount funded.

[@BizLoanConsultantscom]

Email me and I will send you a sample agreement.

[@pedrohenriques58]

This is great and exactly what I was looking for. I put my my email on your website a few minutes ago since I couldn't find your email on here. Would be great to get a sample of the agreement, thanks a lot for the help.

[@joeparrish7774]

Great video. I am new to the Loan Broker Industry, as of February this year. I would love to speak with you about finding a private money funding source. I am aligned with a friend of mine that turns about 4+ million a year. One source we frequently use, does not pay any commissions. We use him as a necessity. My other sources pay commissions, but are not able to use the flexible guidelines to match the other lender. We have sent this lender over 2 million in deals this year, with no commission.

[@Tammy_wit_a_y]

Joe Parrish are you still involve with this business

[@DalilaPayan]

Still doing this?

[@tonytruong7876]

how do I start this kind of business in California? thanks

[@mikekatz1979]

i see why you DO WELL...after 35 years of working for THE MAN at Mid Level Management (Hotel,Restaurant,Car Wash Operations.. i started my first business, a marketing/sales organization,(walk in tubs) and I replaced my 100k income from THE MAN..after he let me go because of age and high salary..lololol....but I see that I am controlled by 3rd party internet lead companies..that feed me my prospect base...very hard to grow the business selling residential...I am looking forward to learning more so I can facilitate loans to equipment companies, business owners... in the fields that i have previous experience.

[@BizLoanConsultantscom]

Thanks for connecting with my Mike. Let me know if I can help you in any way. Buzz

[@lovethewave100]

Great post..

[@Truthsoundslikehate]

Good info!

[@blairchatmon3612]

Ive seen you videos up to the number three how i do I find the others.

[@BizLoanConsultantscom]

Blair please check out my youtube channel and make sure you sign up for my updates on my website BizLoanConsultants.com. Here is youtube link: kzbin.info/door/FeXFN2WXX-s4C8NhkLzqng

[@alldayeveryday20able]

What do you think of trainings offered out there like Global Financial Training or Commercial Capital training programs? Are they legit?

[@BusinessSucess]

how about auto loans, is it profitable?

[@BizLoanConsultantscom]

Auto loans are consumer credit which is highly regulated. I would not recommend any type of consumer loans as a "business" loan broker.

[@rickyb6086]

My question is, if you can sale cars, can you be a loan broker? I've dealt with you guys for years, I know how it works. There's always an "underwriter" that approves the loans, plus the contracts are VERY confusing. I helped my boss get a 20k loan, and he had to pay back almost 30. Loan Deck is probably the best one of them all.

[@BizLoanConsultantscom]

Yes, you can be a business loan broker no matter what your past experience is. I do no know much about Loan Deck. Many of the new "Fintech" companies have very high rates. Just proof that there is plenty of add value you can provide as a loan broker if you are reasonable with your fees.

[@LUISTORRES-bh6qn]

Do you have co-broker loans?

[@newguyfriendship1943]

Dear Buzz how soon can you help and guide me to open the financial company in the state of california and what are the formalities and requirements to get it in operative manners, can I be a part of your company to get started worked under you for experience and later once I gathered knowledge I start on my own

[@BizLoanConsultantscom]

Thanks for reaching out to me. I will help you any way that I can. Most states do not have any licensing requirements to broker business loans, however, it was brought to my attention that CA does require you to have some sort of lenders license to be legal in CA. You can find out more about their licensing requirements here at www.dbo.ca.gov/Licensees/Finance_Lenders/About.asp. I am currently have shifted 100% of my focus on coaching and do not do deals for my students. But over the past year and a half have helped many students through their first deal including how to find deals, package them, and tell them what banks/funding sources they might want to send it to. My formal coaching class will be launched later this month.

[@Tammy_wit_a_y]

BizLoanConsultants.com is your book still available and do you still offer training

[@mrmr1734]

Buzz, do you recommend getting a LLC to do this business or are you ok as an individual?

[@BizLoanConsultantscom]

Ryan, I will get with you later this week. Don't let the LLC or the forming of a corporation hold you back from getting started. I would definitely form an LLC but this is a formality in any business start-up. We can talk about it on our call when I get back from vacation.

[@valeeshahamiora306]

Does this only apply to USA or does it apply overseas also? Im NZ

[@johncoronel1804]

Did not hear anything about forms or agreements needed to secure your commissions!!

[@kikawi08]

I'm reading your ebook now, thank you so much

[@BizLoanConsultantscom]

Thanks, let me know if you have any additional questions. Be glad to help you get started! Buzzie

[@JDB-ru4lp]

How are you doing Bella? were you successful in this avenue?

[@smartphones4cheap940]

Do you need a specific license for business loan brokering or mortgage loan brokering?

[@BizLoanConsultantscom]

No license is required in most states for COMMERCIAL loan brokering however, some states do have licensing requirements. I am trying to get a database together state by state on what the requirements are. You will need to do research in this area.

[@jbaveja]

@@BizLoanConsultantscom - were you able to get this built? Something you share later on? Thanks!

[@lonesomegame]

Awesome stuff! :)

[@BizLoanConsultantscom]

Thanks!

[@crand20033]

Hasn't COVID made it much less likely to for a business to get a loan or pay it back? I am worried that most businesess would not get a loan.

[@IanDigges]

Do you recommend any certifications or other credentials?

[@BizLoanConsultantscom]

Sorry for the delay in getting back to you. No need for credential in the beginning although the classes will help. For equipment finance there is a CLFP designation. www.elfaonline.org/events/continuing-education-credits/leasing-professional and for commercial real estate finance there is a CMB from www.mba.com

[@maken8612]

what about in Canada?

[@BizLoanConsultantscom]

We opened a office in the last consulting job that I had. The banks are structured a bit different but there is still opportunity.

[@maken8612]

BizLoanConsultants.com​ can you tell me the location and how to get intouch with them? I live in Calgary and would like insight.

[@WORLDBFREEFILMS]

Does the lender pay the fee ?

[@BizLoanConsultantscom]

On most equipment finance deals you will build your fee into the monthly payment and add as many points as the lender will allow (while remaining competitive). In most CRE deals you will get a fee agreement signed by the borrower and they will pay your fee. There are variations of this deal by deal and in other types of lending like account receivable finance, and factoring. Hope this helps!

[@barrydews2]

Thanks

[@pbrisard]

great video how can contact you direct

[@BizLoanConsultantscom]

bizloanconsultants.com/contact-buzz/

[@robertcochran3554]

Can anyone do this if you do not have a related background?

[@techslick]

Hey there !! I have tax tax practice and mostly have business clients who are actively looking loans to finance real estate and equipment. I usually refer my clients to banks I Know but I do not make any commissions. I need a guide how to start brokering commercial loans and earn commission. Can you please help?

[@BizLoanConsultantscom]

Absolutely, please check out my videos and sign up for my emails at BizLoanConultants.com. I am launching a mastermind program for those who are serious about getting started. Announcements will be coming this week via the emails I will be sending out. Stay tuned!

[@InvestingwithnickDACagent]

Awesome

[@brianstriplingtv1413]

Hello , I am an entrepreneur. Is this industry saturated

[@ishansiewdath9735]

how to contact you?

[@BizLoanConsultantscom]

bizloanconsultants.com/contact-buzz/

[@gordillopromotions6528]

How can I get on a phone call with you