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Updated over 5 years ago,
Fairly Novice Question about Business Loans
I'm in a unique position where as a skilled marketer (I run an agency), I am able to generate VERY solid Business Loan leads for an extremely low cost. I have been considering becoming a Commercial Loan Broker for this very reason. I have read that on average, a broker may bring home a few % of the total loan amount (paid to the broker by the bank). My question is, and I've Googled this to no avail...Where do you link up with the banks that will fund the loans? Do I need to just call random banks up in the applicants cities, ask for a loan officer, and ask how they pay-out brokers, or is there a much more streamlined way to do this?