| Introduction Why Our Program Works Training Overview Transaction Possibilities How to Make Your Money Program Specifications Available Training Dates |
As you start working in the commercial lending industry, you will find that the majority of your clients' financial needs are constantly changing. As a result, you will need to be equipped with the knowledge and training necessary to fund a variety of different transactions.
Once you complete IBroker System's training program, you will have the ability to fund a large number of transactions. Here is a list of some of those transactions:
- Equipment Leasing
- SBA Financing
- Accounts Receivable Financing / Factoring
- Construction/Specialty Truck Financing
- Medical Practice Acquisition Financing and Working Capital Loans
- Debt Restructuring
- Business Acquisition Financing
- Commercial Bridge Loans
- Sale and Lease-Back Programs
- Easy Pay Credit Card Advances
Equipment Leasing
Equipment leasing is the fastest and largest growing area of financial lending in the country. It is estimated that almost $400 billion dollar worth of equipments will be financed by US companies this year. Instead of companies paying cash outright for new equipment, they would rather finance the equipment. You will be able to provide them this service by working with the customer and the vendors that sell the equipment. People like you are in high demand for vendors, because you are giving them a finance program that they can turn around and offer that to their customers. Companies are more willing to acquire equipment through a finance program, which means more sales for the vendor. This market is continually growing and is a great place to start.
| Average commission: | 7% of the loan amount |
| Average Loan Amount: | $10,000 – $600,000+ * |
| Average approval time: | 48 hours |
SBA Financing
Small Business Administration (SBA) loans are used by business professionals to purchase a business, buy a building, acquire cash, or purchase new equipment. They can do all of this and more with little money down. Medical professionals can do similar activities with no money down.
With the benefit of hardly any or no money down, these loans are sought after by many business-men and medical professionals. When trying to acquire this loan through a banking institution, it is usually a time consuming and tiring process. You will be able to offer them approval in a much shorter time frame—approximately two weeks.
| Average commission: | 2% of the loan amount |
| Average Loan Amount: | $150,000 – 3 million * |
| Average approval time: | 3 weeks |
Accounts Receivable Financing / Factoring
Accounts receivable are the accounts that are outstanding and awaiting payment from customers. Usually, a business must wait 60-90 days after sending an invoice before they receive payment. This can create a shortage of credit (cash) that is necessary to operate a business. You will be able to offer immediate businesses funds to assist them with their day-to-day operations.
| Average commission: | 2% of the initial line of credit + Recurring income each month for the life of the loan |
| Average Loan Amount: | $75,000 – 2 million * |
| Average approval time: | 8 business days |
Construction/Specialty Truck Financing
Specialty trucks are trucks that are usually used in the construction or other related industry: cement trucks, cranes, bulldozers dump trucks, and “Yellow Iron” equipment. There is a huge demand for these equipments. After training, you will be able to fulfill this demand by giving your clients funding options so they can acquire the equipment they need. You can even finance trucks with really bad credit and startup businesses.
| Average commission: | 10% of the loan amount |
| Average Loan Amount: | $40,000 – $150,000 * |
| Average approval time: | 48 hours |
Medical Practice Acquisition Financing and Working Capital Loans
The medical field offers a multitude of opportunities for those in the finance industry. Just like in business acquisition, you will be able to help medical professionals like doctors, dentists, etc to acquire medical practices by providing them with financing options. With almost no money down you can provide financing option over $1,000,000 for medical practice acquisition.
In addition, you can provide working capital loans up to $250,000 to medical professionals. These professionals can use these loans for virtually any purpose they want—to expand their facilities, pay taxes, purchase equipment, etc. These loans are in high demand, close quickly, and usually pay large commissions.
| Average commission: | 5% of the loan amount |
| Average Loan Amount: | $50,000 – 1 million * |
| Average approval time: | 72 hours |
Debt Restructuring
You will be able to assist businesses as they make it a possibility to continue business operation without danger from debt. The part you play is you help organize all of the loan payments the business has acquired into one easy loan with a low monthly payment. This is helpful because, often, their monthly payments are reduced by a considerable amount.
Business Acquisition Financing
Business acquisition is the process of acquiring a company, usually at incredibly low prices. You will be able to take the strengths and weaknesses of the company that the customer wants to acquire and restructure them so they work for the customer. In other words, they use the assets of the existing company to purchase the company itself, instead of using money from their own pockets. In this way there is very little out of pocket expense.
| Average commission: | 3% of the loan amount |
| Average Loan Amount: | $400,000 + * |
| Average approval time: | 2 weeks |
Commercial Bridge Loans
Often, bank loans or loans from other institutions take few months before they actually close out. Businesses usually need the money sooner than that. You will be able to provide them with a “bridge” loan, which is a short-term loan, so they can have the money they need when they need it. The bridge loan is usually paid off when the bank loan closes. You will also have the ability to provide loans to businesses who have hit tough spots and need some extra capital.
| Average commission: | 4% of the loan amount |
| Average Loan Amount: | $250,000 – 3 million * |
| Average approval time: | 10 days |
Sale and Lease-Back Loans
Many companies have valuable assets that they are sitting on. Businesses don't realize that they can use these assets and restructure them and use them as working capital. You will be able to take their existing assets and finance them, giving the company the capital they need. You are simply taking something the company already has and refinance it so that the company gets working capital it really need. This is known as a sale and lease-back loan. Most banks don't provide this type of service, which means your company will have a jump on the competition.
| Average commission: | 4% of the loan amount |
| Average Loan Amount: | $50,000 – 1 million * |
| Average approval time: | 48 hours |
Easy Pay Credit Card Advances
This is one of the exceptional programs available today. Credit cards are prominently used by the public, which means businesses work with and accept credit cards. These businesses occasionally need additional credit called “opportunity” money in order to purchase needed equipment, hire new employees, acquire a new building, etc. Now these businesses can acquire these needed funds, regardless of their credit score. All they need is a one page application that receives approval in 48 hours. There are no personal guarantees, tax returns, or asset documentation. One of the most notable features of this program is the client benefits by the repayment process. If your client's business is not as successful one month, he pays less money back. If he does better the next month, he pays more money towards his repayment. This sliding payment scale is what makes this credit card advance “easy to pay”.
Here is a brief explanation of how this works. You will be able to advance your client up to 120% of their business's monthly credit card receipts. If a business has $150,000 in credit card receipts you can provide them with $180,000. This creates the “opportunity” money mentioned earlier. The business's credit card receipts are used to automatically deduct the repayment each month. This requires virtually no work on the client's part, making it one of the easiest financial options to sell. This isn't exactly a loan. It's an advance from lenders who are expecting the business to be established for a long period of time, resulting in easily acquired repayments. In addition, most clients will renew this deal 3 or more times on average. This results in a large benefit for you—recurring commissions.
| Average commission: | 5% of the loan amount |
| Average Loan Amount: | $30,000 – $200,000+ * |
| Average approval time: | 48 hours |
A Large Income. . . Easily. You do the Calculations!!
Now that you've read how some of these transactions work and have seen the possible commissions, it's easy to see how you can earn that six-figure income. This is possible by merely completing a few transactions a month.
Please keep in mind that you are not a salesman. You are not calling people in an attempt to sell them something they don't need or want. Most people need or want money, especially those in the business world. Most clients will contact you in hopes of acquiring their needed funds instead of you contacting them.
Remember, this is not a sales position. The only thing you are selling is yourself—people establish business relationships with people they like. We'll teach you how to acquire and maintain established business relationships, resulting in return business from your clients.
*Note: The average commissions and examples on the amount of money that can be earned are for illustrative purposes only. These examples are based on how, in general, those who complete our training program receive commissions. Commissions vary due to a number of factors. We cannot provide exact earnings that each individual will make because it largely depends on the level of dedication and time commitment you possess. Therefore, IBroker System makes no guarantee of any kind on income, commissions, or profitability for IBroker System participants.
Now that you know about the different transaction possibilities, click here to see how you make your money.