Frequently Asked Questions

The amount of money a business loan broker can make varies widely based on several factors, such as the brokers 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.

Broker Solutions Academy is the most comprehensive Business Loan Broker training in the Marketplace. We focus on providing you with the education, Guidance, and tools necessary to succeed as a REAL Business Loan Broker. Not just a Glorified Referral Partner. We have helped thousands of business owners through our Pennington Consulting Group business now we have decided to expand our reach and train ordinary people start and grow their own lending businesses.

Since this business can be run as 100% online business your biggest investment on starting
your own business loan agency is the training we offer. There are other expenses to keep in
mind.

i. Technology Expenses: As a loan broker, you will need access to technology such as a computer, printer, and software to manage client data, We have partnered with Keap and we custom-build each CRM program to help you manage your clients.

ii. Marketing & Advertising: One of the biggest challenges any business faces is Exposure. NOBODY knows you unless they know you. So to attract clients and build your business, you may need to invest in marketing and advertising activities such as creating a website, printing business cards, and attending networking events. We do have support we offer our clients with Building Websites, Flyers and helping you get off the ground. You may want to also consider Facebook, YouTube or google advertising expenses.

You get access to our customer service through email, zoom, and phone calls. You also get your own coach assigned to you to walk you through all the aspects of launching your business loan broker business. Also our Founder Brian Macleans Otieno, does weekly Q and A calls every Wednesday. So you get to be a part of this amazing community.

NO this is NOT a franchise and there are NO Franchise fees or revenue split once you launch your own business loan agency. This is by far the most comprehensive business loan broker training program in the marketplace where there are NO ongoing fees or royalties paid after our program. Also, there are no territory or geographical restrictions with your business as you would have with a franchise. You own your own Business Loan Agency. The money you earn is yours to keep. We also will continue to support and offer Training on changes in the industry and new products so the training does not stop after your visit with us we will make sure you are successful on this new endeavor.

Since this is your own business, you can determine your own schedule and income goals. It is up to you to decide how much time you want to devote to your business. Some people do not want to leave their current situation until they are secure in their future direction. This is one of the few businesses where you can literally get started on part-time with a cell phone and laptop until you are ready to transition over to a more lucrative and rewarding
lifestyle. So the answer is Yes you can start part-time and transition to full-time at your own pace.

Depending on the funding Product you can earn between 1-15% commissions on each loan. The commissions vary by loan type and lender. The lenders are willing to pay high commissions because they rely on their brokers to bring in their business.

We Highly recommend that you set up an LLC so you can legitimize your business and we will walk you through setting up an LLC in whichever state you wish you to set up your LLC.
But you should know that an LLC is not necessary when starting out, although recommended you can choose to work as a Sole proprietor.

Absolutely YES if you have taken any of our competitor’s program example Business Lending Blue Print, Commercial Capital Training Group or Global Financial Training and if you can show proof of purchase we will give you up to a 90% discount into our program as long as you agree to give a video detailed review. This is how confident we are in our program we have seen what is being offered in the marketplace and we know we have the most comprehensive program that will actually train you to be a real Business Loan Broker not just a glorified referral partner.

As a business Loan broker offering Alternative Business Loans to your clients there is NO licensing requirement in all 50 states.

Absolutely NO experience required our Broker Solutions Academy training is designed to teach anyone interested in getting into this field that has passion to help business owners get access to capital. We provide you with all the industry knowledge, a thorough understanding of all your loan products, funding sources, and all the marketing strategies and tools necessary you need to be successful.

The Broker Solutions Academy is the most robust comprehensive training for brokers in the marketplace and one of the reasons why is simply because with our sister Company Pennington Consulting Group. We are actively still helping business owners close loans daily. We are just not just selling some outdated courses we are actively closing loans. Also, to add to this our 3 paths of lending approach simply simplifies understanding the various products in the marketplace. And lastly, there are NO other training options that actually puts you in the driver’s seat. As part of our training, we walk you through taking an initial call with the borrower, Evaluating Credit reports, Bank statements, and Tax returns, Submitting the loan to the lender, and following up. So, in short, we don’t just talk about it we are actively processing and closing loans through our sister company Pennington Consulting Group, not like our competitor’s outdated training and the majority of them are NOT accepting loans simply all they are doing is selling their outdated training.

Without any assurances in the form of collateral generally banks’ unsecured business loans are often much harder to obtain. Based on current statistics Only 48% of small businesses overall have their financing needs met. The majority of banks have a high credit score, collateral, and time in business requirements and they are only limited to the products their bank offers. Plus, the majority of business loan agents at the banks do not understand our 3 paths of the lending system they are simply trained to type your application in the computer and rely on what the computer tells them to do. Once you graduate from our program you will understand the 3 paths of lending and how to choose the right program for the client. And since you are your own independent loan agent you have access to a variety of Traditional Bank lenders and also Nontraditional Non-bank lenders in the Alternative lending space. A new study shows over 47% of startups failed in 2022 due to lack of capital and I am sure majority of these start-ups relied on bank financing not understanding there are alternative ways to fund their business. So no in today’s marketplace Business Owners just can’t rely on financing by going to their bank.

Many lenders do not have direct marketing departments and they strictly rely on their brokers to supply them with new customers. You find and qualify the client making their work much easier. This is also the reason one of many reasons they are willing to pay such high commissions for business funding referrals. Once you complete the program, we will provide you access to our database (which is updated Monthly) with a list of lenders you can start working with. Since there are so many untrained brokers in the industry today. Usually, getting lenders to do business with a new broker is actually quite difficult. Most lenders want you to have at least 3 years in the business, and very good references, in addition to extensive background checks, and credit checks, and then if they approve you, they want a guarantee in annual volume. Once you graduate from Broker Solutions Academy the lenders will waive these requirements because you have completed the Broker solutions Academy Training Program. They do this because we will train you how to properly analyze and present transactions properly.

There is Absolutely no experience required. Our comprehensive program is designed to teach you everything you need to know to get you going. And with our 3 paths of lending approach, we make it so that you can easily understand the programs in the marketplace and what to offer your clients based on their funding needs and situation calls for.