Here are some Frequently Asked Questions and Answers.
Be sure to read the entire training guide before getting started.
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Q.Can I do this remotely? From home?
A.Yes. In fact, a lot of loan agents work with clients from all over the country. Most of the work involved can be done by email.
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Q.Does this work in other countries?
A.For the resources we give in the book, this will work as long as the one who is in another country is marketing to US based business owners.
There are, however, many business loan companies that offer similar referral programs for that country outside the US. For those who choose to market to business owners in their own country, the ideas in the guide can still work almost anywhere.
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Q.What is the difference between the two loan companies you recommend in the training guide?
A.GoKapital offers many business loan types from short term business loans to commercial mortgages, MCA loans and more. This could be perfect for those who want to dive into an array of choices.
The Funding Group focuses on Short term business loans and startup loans. Also, they don’t require any upfront paperwork to start. You just bring them your first deal and if is it approved, they will, at that point, make you official.
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Q.Are there any other methods for prospecting business owners other than what's in the training?
A.Yes. Plenty. There is a way to get low cost PPC leads but that is another training and takes a lot of testing for your area to get the cost down.
Also, one of the best ways is to just go to the place of business and visit the business owner. Maybe the best way for some.
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Q.Are there any exceptions for a business owner to qualify?
A.Not really. If the business owner does not meet the minimum requirements outlined in the training, don’t waste your time. Follow up with the business owner periodically as their situation changes.
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Q.Will I have trouble getting approved through your partner recommendations?
A.Most likely NO.
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Q.Is there any license required to do this?
A.No. In most states(maybe all) you are allow to work at least as a bird dog.
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Q.Will you get an override if I sign up with one of the funding sources you recommend?
A.No. Not with the recommendations included in the PDF guide.
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Q.Do you still work these deals nowadays?
A.Yes, but on a much smaller scale. My main goal with this is to provide support to students who purchase the course
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Q.Can I sign up with more than one lending partner?
A.Sure. Be very careful not to engage in any conflicts of interest. In other words, if you choose to do this, send your clients to one for a certain type of loan the other does not provide.
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