The amount of money a business loan broker can make varies widely based on several factors, such as the broker's experience, the size and complexity of the loans they arrange, the types of clients they serve, and the commission structure of the lenders they work with.
In general, business loan brokers earn commissions that are a percentage of the loan amount, typically ranging from 1% to 10%.
For example, if a broker arranges a $500,000 loan and the commission rate is 2%, the broker would earn $10,000 in commission. However, some brokers may earn a higher commission percentage for larger or more complex loans.