The Course
Business Lending Prep has trained hundreds of successful independent loan brokers to earn 6-figure annual incomes using this Course.
The Course consists of 7 live Zoom classes, six of which are one-hour long each and cover every aspect of how to become a successful independent loan broker. The seventh class is in the one-on-one format with your instructor to allows you to solidify the wealth of information covered, practice role-play simulations, and answer any remaining questions you might have.
As Part of the Course, You Receive
- List of 75+ lenders segmented by credit worthiness We segment the lender list, so you submit your files only to the lenders that will give your merchant the best funding deal
- List of 10+ million U.S. small businesses
- List of business industries you should be targeting
- List of marketing vendors you should engage
- Video file you can brand and use in advertising to generate leads
Curriculum Breakdown
Learn how to establish yourself and thrive in the merchant cash advance (MCA) industry, generate qualified leads, structure fundable deals, and earn commissions by brokering capital for small- and medium-sized businesses. This intensive 7-session live course is built for aspiring sales professionals, entrepreneurs, and anyone looking to build recurring income in alternative business finance.
Who Will Benefit from Taking The Course?
- Aspiring business loan brokers
- People looking for part- or full-time high-income source
- Entrepreneurs seeking to build a scalable work-from-home business
- Loan brokers expanding into alternative lending
- People who want to learn about merchant cash advance (MCA) financing
Format & Schedule
- 7 Live Sessions
- 60 Minutes Per Session (Practical 1-1 Final Session is 30-45 minutes)
- Every Session is Kept Small for More Individual Attention
- Sessions Taught by Seasoned Brokers & Marketers
- Q&A Included in Every Session
- What is Merchant Cash Advance?
- Key players: funders, ISOs, brokers, lenders
- How funded deals are structured
- Industry terminology every broker must know
- Sourcing lead depositories
- Paid search and paid social leads
- Affiliate marketing
- Outbound email strategies
- How to qualify merchants quickly
- What documents to collect
- Handling objections
- Moving prospects to commitment
- Reading bank statements
- NSFs, negative days, deposits, balances
- What gets approved vs declined
- Matching merchants with the right funders
- Merchant offer presentation scripts
- Negotiation tactics
- Retention strategies
- Upsells, renewals, stacking opportunities
- CRM systems
- Pipeline management
- Building a repeatable machine