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Transactions you can Fund
Upon completion of the course, you are already approved with national lenders to provide a full range of financial services and commercial loans. This is an important key to your success.
You will develop lifetime relationships with clients whose needs will vary from year to year, and whose problems you can solve. Do not make the mistake of thinking this is a long and difficult process. Often at times, applications are one page, and transaction is usually approved in 24 hours or less.
For example; these are some, but not all, of the types of transactions you can fund...(To learn more about each opportunity and how much you can make simply click on the links to the left).
Accounts Receivable Financing and Factoring
All
businesses, whether they sell merchandise or perform a service, usually must
wait 60-90 days to get paid after they send an invoice. This usually creates
a severe cash flow shortage in their business. You will be able to provide a
line of credit to them, so they have as much cash flow as the business needs,
so they pay suppliers, payroll, rent, etc., each week. You can do start-ups
or established businesses.
Typical commission: 1-2%
of the initial line of credit and
On-going income each
month for the life of the loan
Typical transaction size:
$100,000-3 million *
Typical approval time: 3-7 days
Equipment Leasing
This
is by far the largest growing segment of financing in the country. This year,
it is estimated that U.S. companies will finance more than $300 billion of equipment.
Rather than a company having to pay cash for new equipment and drain valuable
cash reserves, they can finance the equipment with “no money down.” You
not only will work with the customers, but also with the companies or vendors
that sell the equipment. In most cases, the companies who sell the equipment
(vendors), need you more than you need them. You are giving these vendors a finance
program to offer to their customers, which translates into more sales
for them. In effect, you’re giving them a program to grow their
business. This is an easy market to break into.
Typical commission: 4-8%
of the amount financed
Typical transaction size: $10,000-500,000+ *
Typical approval time: 24-72 hours
Sale and Lease-back Programs
Companies are always looking for additional
working capital. Many of them have a lot of money sitting in their
business that they do not even know exists. You will be able to take
the existing equipment they own, finance it so they have working capital,
and give them low monthly payments to pay back the loan. This type
of loan is called sale and lease-back. It’s simply refinancing
equipment they own. Companies love this because most banks don’t
do this type of financing, placing your company in a premium position.
Typical commission: 3-5%
of the loan amount
Typical transaction size: $100,000-1 million *
Typical approval time: 24-48 hours
Business Acquisition Financing
With the current business economy, there are many opportunities for
healthy companies and individuals to acquire other companies at bargain-basement
prices. We teach you how to help your clients acquire companies by
leveraging or refinancing the assets of the company they want to acquire.
In simpler terms, they can buy the company with the company’s
own money, while expending very little cash of their own. This is a
very active and lucrative market.
Typical commission: negotiable,
but usually 1-3% of the amount financed and a small amount of equity
in the company Typical transaction size: usually $500,000+ *
Typical approval time: 2 weeks
Debt Restructuring
Many
companies today are strapped with high monthly payments for different loans they
have acquired over the years. You will be able to refinance all of their loans
into one convenient loan, and arrange one low monthly payment. In most cases,
their monthly payments are reduced by 30% or more.
Typical commission: 2-6%
of the loan amount
Typical transaction size: usually $100,000+ *
Typical approval time: 1 week
Commercial Bridge Loans
Many
times a company is approved for a loan at their bank or financial institution,
but the loan will not close for 4-6 months, and they need the money sooner. During
that time, you can provide a short-term or “bridge” loan,
which is paid when the senior loan closes so they can satisfy their
capital needs immediately. You can also provide loans to businesses
that have run into hard times and need some working capital, pay tax
liens, or for any other purpose.
Typical commission: 3-5%
of the amount financed
Typical transaction size: $300,000-3 million *
Typical approval time: 7-10 days
Church Financing Program
Churches
are constantly growing and Pastors know that to grow their congregation they
need to keep up with modern technologies and furnishings. Money is often the
biggest problem. You can finance any equipment a church needs: pews, media systems,
pianos, organs, air conditioning units, etc. This is a great niche, because
most banks will not finance a small-to-medium sized church. You can
finance any type of church, whether they are just starting up or established
for many years. Global is one of the largest financiers of churches
nationwide. This is a great way to start, as there is very little competition … you
can begin to make money immediately!
Typical commission: 5%
of the loan amount
Typical transaction size: $10,000-200,000 *
Typical approval time: 24 hours
Medical Practice Acquisition Financing & Working Capital Loans
One of the most active areas of finance is the medical
arena. You can provide financing to medical professionals (doctors,
dentists, veterinarians, etc.) to acquire existing medical practices.
Each year thousands of medical professionals retire and sell their
practices. You
can provide the financing up to $2,000,000 for medical professionals
to acquire these practices, and in most cases, with no money down.
You also can do loans to medical professionals to finance their existing equipment. Additionally, you will also be able to provide working capital, signature loans up to $250,000 that can be used to upgrade their facilities, expand their practice, update equipment, pay taxes or for any purpose they want.
With a 1 page application, a Medical professional can get up to $250,000 in working capital with a one day approval and funding in just 3 days. These high-demand loans close very quickly and earn you high commissions.
Typical commission: 3-8%
of the loan amount
Typical transaction size: $75,000-1 million *
Typical approval time: 24 hours
SBA Loans
SBA loans are probably the most misunderstood loans. Most
people think SBA loans take 6 months to complete. They are right. However
our lenders approve SBA loans in 2-4 weeks!
For business-people; the loans can be used to purchase a business, or buy a building that a business-person is currently paying rent on. They can get working capital, new equipment or refinance existing debt…all with very little money down.
For medical professionals; they can buy a practice or expand their business, buy a building or renovate it, get working capital or equipment with NO MONEY DOWN.
SBA loans are the best and most economical way to finance franchises and hundreds of franchises are already pre-approved. Doing a loan with the SBA or through a local bank can be tedious and time consuming.
You will be approved to do business with one of the SBA’s largest and “preferred” lenders. A “preferred” lender can make credit decisions and fund transactions for the SBA. This means that you can get approvals for your clients in as little as two weeks!
Typical commission: 1-3%
of the loan amount
Typical transaction size: $200,000-2 million *
Typical approval time: 2-4 weeks
Specialty Truck Financing
Specialty
trucks are trucks that do things (as opposed to deliver freight); dump
trucks, cement trucks, cranes, fuel trucks, construction vehicles and
equipment (with treads), bulldozers, back hoes, wheel loaders or just
about any type of equipment called “Yellow Iron”.
With the boom in construction and national disasters we have been experiencing
this past year, the demands for this equipment is staggering. One of
the lenders you are approved to do business with has the best financing
program available for this type of equipment. You can give your clients
an approval of up to $250,000 in 24 hours with a one page application,
no tax returns and no financial statements. And the best point is you
can do startups with less than perfect credit.
Typical commission: 5-10
% of loan amount*
Typical transaction size: $50,000-250,000*
Typical approval time: 24 hours or less
Easy Pay credit card advances
This is one of the most outstanding programs available today. Any business that deals with the public accepts credit cards. And most of these businesses need “opportunity” money from time to time. Now they can get it, regardless of their credit score, with a one page application and approvals in 48 hours. No tax returns. No asset documentation. No personal Guarantees or financials. Most important the repayment process is variable and works in your clients favor. If he does less business one month he pays back less money. If he does better he pays a bit more. It’s a sliding payment scale that makes it “Easy to Pay”. Here’s how it works. You will be able to advance up to 120% of a business’s monthly credit card receipts. If a business does $100,000 in credit card receipts each month you can advance them up to $120,000. Easy! They can use it to buy needed equipment, to hire new employees, to remodel or for anything they want. Each month the repayment is automatically deducted from the credit card receipts of the business. This is without question one of the easiest loans to sell. Fact is, it’s not a loan. It’s an advance from the lenders who are “banking” on the fact that the business is going to be around for a while and that they can therefore be easily rep[aid out of “future” credit card receipts. Bets of all it’s a recurring process with recurring commissions. Most clients who use this once will renew the advance on average 3 more times.
Typical commission: 4-8% of the amount financed
Typical transaction size: $20,000-150,000+ *
Typical approval time: 48 hours
You do the math!
As you can see the commissions from many of these transactions can be in the tens of thousands of dollars. Just one or two transactions like this a month would put you well into a six figure income, and that’s a very conservative estimate.
More important… you are not a cold calling SALESMAN. You are not trying to sell something people don’t want. Either people need money or they don’t. If you are selling anything at all you are selling yourself! People do business with people they like! Most, if not all, of your clients will contact you by phone, email or fax hoping they can get the money they desperately need. Can you imagine being in a better position?
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*Note: Any examples as to how much money can be earned or typical commissions are for illustrative purposes only. They reflect in general how Certified Global Professionals receive commissions. Commissions vary by lender and market conditions. It is impossible to suggest exact individual earnings because any new business is dependent on the time and dedication you invest to make it succeed. Therefore Global Broker Training Systems, Inc. makes no guarantees of any kind regarding return on investment, income, success or profitability of those attending and participating in the Global program.
