Having your own company sounds appealing, but the process of starting one, much alone making it profitable, is not as appealing.
But, believe it or not, even in the midst of the pandemic, the loan sector is thriving!
Before we go any further, here are some of the things I like and dislike about the Loan Broker Network.
I want to be entirely honest here, so…
There are countless information courses floating around the internet. Why? Because for every problem that exists, someone claims to have the solution.
And that solution is usually some oddball money-making system that tells you how to turn a casual interest – or maybe something you’re super passionate about – into sustainable, reliable income.
Just like Loan Broker Network. Here’s the hard truth, though…
Most of these programs:
- Take way more time than you’re led to believe
- May have hidden fees
- Require you to buy multiple upsells in order to get the “real” information
But most importantly, a lot of these programs just don’t scale.
“Scale” means once you do the work to make a little money, it should get easier to make more money, not harder.
The problem is, most programs out there make it hard to make money at first, and even harder to keep making money.
In other words, you might be able to make some money in the beginning, but it won’t be sustainable and you’ll end up getting discouraged.
This is the exact opposite of passive income.
When income is truly passive, you do the work upfront, but then you set it and forget it. The money gets made whether you’re working or not. It’s not directly tied to the hours you put in.
So, what if there was a way you could build a passive income stream that’s actually passive?
An income stream that doesn’t require:
- Selling to friends and family
- Selling to strangers
- Recruiting people
- Dealing with questionable products that weigh on your conscience
An income stream that brings in consistent revenues every single month (from a couple thousand dollars to well over $10,000)?
An income stream you could actually build in your spare time, and grow as large or as small as you want to, without having to spend hours a day chasing, selling, or managing anything?
If that sounds like something you’d be interested in, check out Digital Real Estate.
This is nothing like course, and that’s probably a good thing.
However, if you’d still like to know more about Loan Broker Network, keep reading.
What Is A Broker Loan?
A broker loan is a loan that the borrower must repay to the lender within the time frame agreed upon.
This is also known as a call loan or a demand loan, and it is issued to a broker who needs funds for his clients’ portfolios. According to some Loan Broker Network reviews, this company is one of the best alternative financing solutions.
However, it’s risky. Interests may accumulate rapidly and the loan may be required by the lender at any moment.
What Is The Meaning Of Loan Broker?
Simply explained, a broker is a person or corporation that acts as a go-between for two parties: the one borrowing money and the one lending money.
When the deal is completed, the broker receives broker referral fees.
These service professionals, business loan brokers, and mortgage brokers have similar responsibilities, the former providing more lending solutions like business loans, equipment financing, and many others.
In short, business loan brokers offer one-stop funding solutions for all financing needs of their clients. All these add up to the clients’ national business capital.
What Are Mortgage Brokers?
Mortgage brokers, like service professionals business loan brokers, act as a go-between for mortgage borrowers and mortgage lenders.
The main distinction is that mortgage brokers do not utilize their own money or resources.
They pair borrowers and lenders based on the latter’s financial status and interest-rate requirements.
Mortgage brokers also collect the necessary documents from the borrower and submit them to the mortgage lender for approval purposes.
Mortgage brokers earn a commission once the transaction is sealed.
What Is A Personal Loan Broker?
A personal loan broker, another kind of service professional, serves as a go-between for borrowers and lenders.
The borrower in this case borrows money for personal reasons such as house remodeling or a fantasy wedding, thus the term personal loan.
It is his responsibility to find the best financial products that meet the borrower’s requirements.
What Is Equipment Financing?
Equipment finance, like SBA loans, is one of the loans that company owners ask for to aid with their operations, such as purchasing a photocopier or a restaurant oven.
It is critical for these companies to have improved or functional equipment.
Purchasing equipment outright would significantly reduce their cash flow, so they ask for equipment finance instead.
Besides, having the right pieces of equipment will keep their small businesses running very well as well as manage the increasing demand.
This adds up to the clients’ national business capital.
What Are SBA Loans?
SBA loans, also known as Small Business Administration loans, are a sort of loan that small companies may use to help them stay productive.
All of these factors contribute to the national business capital or overall investment cost of the company.
SBA loans are often required to support its operations in the lending industry.
Since these are small businesses, they need all the help they can get to manage their business while making their financial status healthy, especially their national business capital.
SBA loans will definitely help them stay afloat and grow steadily.
What Does A Business Loan Broker Do?
As previously stated, the loan brokerage business acts as intermediaries between borrowers and lenders.
If you want to be one, you will offer consumers the best financing rates and conditions available from a network of lenders.
You will act as matchmakers, pairing the appropriate borrower to the right lender with the objective of making that “marriage” successful.
More importantly, you will give them one-stop funding solutions, as well as stop funding solutions, offers that match their needs.
Unlike a banker who works for the bank, you will work for your clients as your source and give them the best possible rates and options from different providers.
In return, you will get broker referral fees.
Who Will Benefit Working With A Business Loan Broker?
The following are the several organizations that will profit from engaging with business loan brokers:
- Small company entrepreneurs that lack the time to research the finest SBA loans, equipment finance, and other business lines.
- Businesses whose usual lenders turned them down for business financing.
- Startup companies would benefit from business lines not offered by traditional lenders.
- Companies with poor credit as brokers can find lenders who are willing to grant them loans for wide business lines despite their bad credit record.
What Is The Loan Broker Network?
Remember how many small companies hunt for alternate finance sources when their bank’s loan approval is denied?
The Business Loan Broker Network connects you with these alternative loan options and existing loan brokers. It may provide a diverse variety of business loan deals to its client.
Loan Broker Network is a program that provides its lending partners with the right training and resources so they can be successful loan broker business.
They boast of their infrastructure that is ready for you to start your business.
No need to start from scratch so you can jumpstart your business right away.
And just imagine, you will learn from Shark Tank’s Kevin Harrington and Philip F. Smith, a successful entrepreneur whose expertise is in lead generation.
Who Is Philip F. Smith?
Philip F. Smith has been a successful entrepreneur for almost two decades.
He brags about being included to the Inc. 5000 list of the fastest-growing private enterprises from 2018 to 2020. He has worked with small enterprises as well as large organizations such as IBM, Intel, and HP.
In 2018, Philip F. Smith began developing his own brand while also pursuing his interest for assisting companies in scaling up.
He partnered with a Shark – Mr. Kevin Harrington from the Shark Tank – to run Loan Broker Network.
He shares his expertise in entrepreneurship as a speaker in various speaking engagements as well as a contributor to Forbes and Inc.com.
Philip F. Smith’s loan broker network is truly impressive and will definitely teach you how to be a successful Business Loan Broker.
Loan Broker Network Cost
You must spend $597 to join them. Then you’ll have to spend between $3,000 and $5,000 to accelerate your accomplishment.
That is the cost of working with famous entrepreneurs and joining a company that already has an established track record. You just need to take advantage of it, and you’ll be OK.
How Much Money Can You Make With The Loan Broker Network?
The benefit of working with the LoanBrokerNetwork, if you want to join them, is that all of your efforts are rewarded. You earn around 10% compensation on each approved loan that you broker.
Isn’t that correct?
This should really encourage you to go out there and get a lot of clients. This is actually a win-win situation – for you, the business loan broker, and your client, the borrower.
And if ever your client’s loan doesn’t get approved, you will still get $2,000. Awesome!
Is Loan Broker Network Legit?
So, is Loan Broker Network a scam? Not technically. You can make money with this program, but it’s definitely not as easy as they make it sound.
There’s a ton of work to be done upfront, no real guarantee of success, and – most importantly – it doesn’t scale.
Now, there’s nothing wrong with front-loading the work and making the money later.
But if you’re grinding it out for 3 months and then your reward is being forced to grind it out for another 9 months before seeing any “real money,” well…that’s not a great deal, is it?
What if, instead, you could do that same 3 months of work (in your spare time), and your reward was a $500 to $2,000 payment that came in every single month?
And what if you actually didn’t need to wait 3 months? What if you could get started today and have your first payment in a week?
And what if you could double it next week?
Well, that’s the power of Digital Real Estate.
And you can legitimately do this from anywhere. It’s a true lifestyle business.
Your laptop and an internet connection is all you need.
Some of the most successful students in this program run their entire 6-figure businesses from:
- A camper in the middle of the woods
- A beach chair on the water in Mexico
- A small villa in Greece
They’re able to travel around, living their lives first, and focusing on their income second.
Because even if they stop working for an extended period of time, the money keeps coming in.
So adventure, memories, and experience are the top priority.
And they never have to worry about how to pay for the next trip, or consider asking for time off.
If this sounds more like the type of life you want to lead, just click here to find out more about Digital Real Estate.
Are There Alternatives To Loan Broker Network?
Yes, there are plenty of other business models to choose from if you want to pursue making money online. Here are just a few:
What Is My Top Recommendation In Making Money Online In 2022?
Our review team has spent months researching, reviewing, and vetting dozens of business models and thousands of programs.
While there may be no “perfect business”, the research IS conclusive:
Whether you’ve never made a dollar online, or you’ve been in this space for a while but never really “made it,” Digital Real Estate is for you.
1) It’s Flexible: got an hour a day? You can do this. Ready to drop everything else and dive in full time? You can do this. Yes, the more time you put in, the faster you see results. But even with a little time each day, you can move the needle in a Digital Real Estate business.
And because this system is so flexible, you don’t have to constantly be working to make more money. It’s called PASSIVE INCOME because if you stop working, the money doesn’t.
Imagine taking 3 months off to just tour around Europe, rent a cabin in the woods to write a book, hike the Appalachian Trail, or live on the beach and surf all day.
This is only possible if you have an income stream that’s not tied to your time.
2) You Own & Control EVERYTHING: With loaning, you don’t really own anything. You have no control over the quality of products. You don’t even own your “business”.
Look at the fine print for most of the agreements folks sign when they join one of these companies. At any point, the company can change your commission structure, reduce your profit margins, or kick you out entirely.
With Digital Real Estate, you own the assets, which means you have all the power and all the control.
3) Little To No Startup Costs: It’s possible to get into Digital Real Estate with zero dollars upfront. Because, using the strategies outlined in this program, you can get a client to pay you BEFORE spending a penny out of your own pocket…even before you do any work.
Even without getting paid in advance, you can have your first Digital Rental Property up, running, and generating profits for less than $100.
4) Easy To Duplicate: Ok, here’s the best part: once you have your first Digital Rental Property up and running, you can literally DOUBLE your income with a few clicks, a couple keystrokes, and a single phone call (and you don’t actually need the phone call).
Remember: each Digital Rental Property is worth $500 to $2,000 a month in semi-passive income (over 95% profit). Every time you decide to create another one and increase your income, it gets easier.
Because you have more knowledge, more experience, more results, and more momentum.
If you wanted to double your income with Loan Broker Network, you’d probably need to double the number of hours you spend working. Because, again, this program doesn’t scale.
5) Make Money Helping Real People: With Digital Real Estate, you’re actually helping people by solving your clients’ biggest problem:
Small, local businesses need more customers, and with Digital Real Estate, you are unleashing a flood of happy, paying customers for these businesses.
You make money by helping them make money.
Not a big, faceless corporation either…a small business owner who’s using that money to put food on the table for their family, start a college fund for their kids, or take care of a sick parent.
Once you see how Digital Real Estate makes a real impact in the lives of real people, you’ll sleep like a baby with a big smile on your face.
Now, the choice is yours. You could continue browsing, looking at opportunities like Loan Broker Network which could one day make you money.
You could continue researching, never making a decision.
OR, you could take a look inside, consider what you really want, and join a program that makes your dreams a reality. At the same time, joining a community of over 2,000 successful students that are living life on their own terms thanks to Digital Real Estate.
A consistent, reliable, semi-passive stream of income that doesn’t depend on you or your time to keep producing profits.
All while genuinely helping real people who are grateful and happy to pay for it.
If this sounds more like what you want out of life (or if you just want some nice side income), click here to learn more about Digital Real Estate.