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May 23
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Introduction - READ THIS FIRST.
Hello and get ready to enter the lucrative alternative financing universe. The ultimate Skool community designed to teach you how to build your own business loan brokerage. You’re going to help people’s dreams come true. All while getting rich 🤑 America needs more small business loan consultants. That’s where you step in You: - want to start your own business loan brokerage - want the freedom to work anywhere with only a laptop - want to make 6 7 or 8 figures a year selling money What’s included: -Access to our discord server. -You get to learn from me for a year. I’ve been in this industry 7 years and my brokerage made 7.4mm in the last 3 years. Now I want to teach others all about this industry, plus im bored so why not lol. My brokerage is turn key and operates on it own. During the first year in this program I’ll train you to build a massive business lending marketplace from scratch. Sales, operations, marketing, training, automations and hiring. All you need is a laptop and a phone to start. You can white knuckle it from home and scale slow like I did (cold calling, cold emailing, organic lead gen, word of mouth, referral partners) or get a head start if you have some money to invest (Office, marketing, employees, crm, paid ads, call centers, email campaigns live transfers, etc..). Don’t worry though you white knucklers. You’ll get there within 6 months if you just do the work I lay out for you in this simple program.. We have standard operating procedures that run like a well oiled machine for sales and ops. We also give you compliant lender applications, fulfillment, proven useful softwares for the industry, cold and warm email templates, workflows, AI, lead generation, organic free lead gen, paid lead sources, cold call scripts, inbound call scripts, call center scripts, and a step by step sales process from start to close. We have the product knowledge and know how to win. We have the experience to teach you the right questions to ask in order to get your clients into the best program,
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May 30
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Secret #2
Top & bottom line revenue + cash flow Gross revenue is great but net profitability gets taken into high consideration for conventional funding. If you’re looking for a low interest long term SBA or bank loan then you’re going to want to show increases in net profitability on a year over year basis. Keeping the balances in your business bank account high is important as well. If you have average daily balance that is low and a low number of deposits per months then loan underwriters will put your application in a higher risk tier. So keep those balances high and deposit as much money you can into your business bank account as possible! Increase your net profitability on a year over year basis. Will you have to pay more taxes? Yes. Will your company be easier to sell? Yes. Will your company have access to cheaper funding options? Yes. The positives far outweigh the negatives when it comes to showing net profitability. Stop operating at a loss on your tax returns every year simply to avoid paying Uncle Sam. You are stepping over dollars to pick up pennies! #TheyDontTeachYouThisInSchool
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May 27
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The 5 key things underwriters look at!
1. Use of Funds 2. Credit History 3. Time in Business 4. Industry Type 5. Cashflow & Profitability We will be thoroughly diving into all 5 of these 🔑 things underwriters look at To be continued…
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May 27
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Secret # 1
💯 Your personal credit still gets taken into consideration as a borrower when you’re getting a loan, even if you have established business credit and it’s not a PG. There are manufacturers and funders that won't mind that you have low personal credit if you do have high business credit, but they will still look at it. 🧠 If you have a business with good monthly cash flow or an asset with equity (equipment, real estate, receivable's) then you can still get funding with bad personal credit. 🙂↕️ Without either of those you will typically need at least a 650 or higher FICO score to get a real business loan. 👉🏼 Keeping your business and personal credit cards at a low utilization (<35%), using them every month, and paying your bills on time will help proactively build + maintain your credit. 🤖 Lastly, when it comes to start up funding, you’ll need a good credit score since there isn’t much else to base the initial loan off of due to lack of historical financials. #TheyDontTeachYouThisInSchool
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skool.com/businessfundingsecrets
Learn all about the lucrative small business lending industry and I'll teach you how to build your very own successful business loan brokerage from 0~
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