Loan Broker Network Reviews (2024 Update): Can Business Acquisition Loans Give You Financial Freedom?

Welcome to my Loan Broker Network Review. My goal is to help you understand what the program is all about, how much it costs, if it's a good use of your time, your money, and much more! It should be less than 10 minutes start to finish, so let's dive in!


This Loan Broker Network review has been thoroughly researched with information and testimonials that are available to anyone in the public. Any conclusions drawn by myself are opinions.

The Good Stuff

  • Run by famous, recognizable entrepreneurs
  • Lead generation training provided

The Bad Stuff

  • Costs thousands of dollars to fast-track your success
  • There are much better lead generation courses available
  • Some view money-lending as shady

Firstly, Why Am I Writing The Review?

Nice to meet you, my name is Brittney!

My story starts like many do… “slaving away” at a 9-5 job that I didn’t really enjoy, but hey – it paid the bills.

I worked for a large Fortune 500 company that performed background checks for other companies when they wanted to hire a new employee… so you know, not exactly exciting stuff.

For a lot of people, a nice stable job and predictable check coming in every month is the picture of success, but for me, it felt like I was missing out on life.

Clocking in every single day, doing the same tasks over and over again, getting home with barely enough time to make dinner and enjoy some time to myself… only to wake up again the next morning and do it all over again.

I just wanted to enjoy life without being shackled to an unfilling job.

I wanted to be able to take vacations whenever I wanted, for however long I wanted.

I didn’t want to have to beg my boss for a salary increase that barely matched inflation.

I just wanted to be free and happy.

Then about 4 years ago (as a stroke of luck), I stumbled across a program that taught me how to make money online by actually helping real people (local US businesses).

Who Cares About That?

99% of reviewers out there don’t have experience running an actual business. They’re writing about stuff that they have no real experience with.

Why would they do that?

They just want you to click through and buy the program that the review is about!

I have absolutely no relationship with J Rich, so you can rest easy knowing that I’m going to give you my honest opinion.

This review is written based on my own experiences with this business model.

All that being said, let’s jump into things.


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:

  • Inventory
  • 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 Leasing. 

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.


Loan Broker Network is a loan broker business that claims to help both existing loan brokers, as well as providing financial loan broker training to rookies. Their Business Loan Broker Academy is run by Philip F. Smith and Kevin Harrington, and they claim that they can provide education from everything from the nuances of a merchant cash advance to accounts receivable financing.

But what’s really inside the Loan Broker Network? And how much does it all cost, anyway?

Let’s dive in and find out.

Brokering 101:

loan broker network logo

Before we go any further, let’s familiarize ourselves first with terminologies to grasp what these service professionals actually do.

What Is A Broker Loan?

A broker loan refers to the loan that needs to be paid by the borrower to the lender within the agreed period of time.

This is also referred to as a call loan or a demand loan that is given to a broker requiring capital for his client’s portfolios.

This is actually risky. Interests may accumulate rapidly and the loan may be required to be paid back to the lender at any moment.

What Is A Loan Broker?

Simply put, a broker refers to an individual or a company that serves as a middleman between two parties: the one borrowing money and the one loaning the money.

A broker gets broker referral fees when the transaction materializes.

These service professionals, business loan brokers, and mortgage brokers have similar responsibilities, the former providing more lending solutions like business loans, equipment financing, etc.

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 the service professionals business loan brokers, play as the middleman specifically between the mortgage borrowers and mortgage lenders.

The only difference is that mortgage brokers do not use their own funds and resources.

They match borrowers and lenders in terms of the former’s financial situation and interest-rate needs.

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?

personal loan broker, another service professional, acts as the middleman between the borrowers and the lenders.

The borrower here borrows money for various personal purposes like home renovation, dream wedding, etc., hence the name personal loan – in contrast to what commercial loan brokers negotiate for.

It is his responsibility to find the best financial products that meet the borrower’s requirements.


Why Work With A Business Loan Broker?

These are the different groups who will benefit from working with business loan brokers:

  • Small business owners who do not have the time to search for the best SBA loans, equipment financing, and other business lines.
  • Businesses whose business loans were declined by traditional lenders.
  • 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?

what is loan broker network

Many small businesses look for alternative lending sources when their loan approval gets declined by the bank.

The business Loan Broker Network is the matchmaker to those alternative lending sources.  It can provide a wide range of business lines that will benefit its clients.

Loan Broker Network is a program that provides its lending partners with the “best loan brokering course” so they can be successful business loan brokers and help others avoid business loan scams.

They boast that their exclusive online training is the best in the mortgage biz.

With Shark Tank’s Kevin Harrington and Philip F. Smith leading the way, there certainly appears to be potential here.

Who Is Philip F. Smith?

philip f smith

He partnered with a Shark – Mr. Kevin Harrington from the Shark Tank – to run Loan Broker Network. This is a wise move, as Smith remains a bit of a lesser-known commodity.

Yet in reality, Philip F. Smith has been a successful entrepreneur for more than 2 decades.

He boasts of being on the Inc. 5000 list of fastest-growing private companies from 2018-2020.  Besides working for local businesses, he has done consulting jobs for huge corporations like IBM, Intel, and HP.

In 2018, Philip F. Smith started building on his personal brand as well as working on his passion for helping businesses scale up.

He shares his expertise in entrepreneurship as a speaker in various speaking engagements as well as a contributor to Forbes and

How Is The Training?

On the website of the Loan Broker Network, this is what they say:

“Tap into our existing infrastructure… We will also do the heavy lifting and CLOSE YOUR DEALS FOR YOU, so you can make MASSIVE COMMISSIONS.  All we ask you to do is generate a lead, and we will teach you how to do that via free and paid marketing.” 

If you join the Loan Broker Network, you get trained on how to be a successful business loan broker – specifically in lead generation. You’ll work with celebrity entrepreneurs with proven track records, and utilize their infrastructure.

The catch?  You need to invest heavily initially.  If you have $5,000, no deadline to reach your national business capital, and a strong determination to win, then joining the Loan Broker Network might work for you.

If not, then you can always search for better alternatives.  And there are always better alternatives.  You just have to search for them.

What Does The Internet Have To Say?

what does the internet have to say
Let’s check out what the people are saying:

“Phil ********************** sold me a program that included mentoring from the world renowned *******************. Unfortunately, **** had no idea he was being sold. **** doesn’t do this type of mentoring. This was a completely premeditated lie and scam. whenever I asked when my mentoring with **** was going to begin, I got Viciously attacked. The program also came with mentoring from phil ********************** or one of his top guys which I never received. The program also came with access to a credit repair service. One which we were not allowed to speak with, never got any updates on our leads, and never heard from them at all. Also, **** referred me to another person, who I paid extra money for special help, who showed me how to spend many thousands of dollars to create worthless leads. We blew our life’s savings of over $100,000 on this scam as we thought **** was a man of honor. We are now in financial hardship over this 100% preplanned scam.”

Oof, not great! Here’s another one:

“Aug 20, 21 I saw an advertisement on Facebook in regards to a loan broker network program that was backed by a Shark, from the TV show Shark Tank, ***** **********. I then went to the website and watched a series of videos and proceeded to signup. During the signup I misspelled my email address, and didn’t receive any of the welcome emails, including a copy of any agreements as well as how I get paid. I received a text msg from ****, His msg stated,. *** *** **** **** *** **** ****** ******* *** ******** ******* ****** **** ***** ********** *** **** ***** ***** ***** ******* **** ******* * **** ** *** *** ******** *** ** **** *** **** *****  I replied, Okay, how do I get support. He then called me and i told him my issue, i also mentioned that their website says to request access to the Facebook group PFS in order to get support and i had not be accepted yet. My post has since been deleted, and I’m still awaiting assistance. This is a SCAM $997″

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 Leasing

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 Leasing.

How Much Does Loan Broker Network Cost?

loan broker network how much does it cost

While it seems like Harrington and Smith are trying to hide the true cost of the course, we’ve been able to dig up some talk about there being a $500 startup fee…

…followed by anywhere between $997 and $5000 in upsell charges afterward.

One angry customer even reported to the BBB that he lost $100,000 with Loan Broker Network!

Loan Broker Network Refund Policy

loan broker network refund policy

Well, it looks like their refund policy is pretty simple: you won’t get one.

Be careful before investing!

Are There Alternatives To Loan Broker Network?

alternatives ggmoney

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 2024?

Digital Leasing

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:

Digital Leasing is the #1 online business model for those just starting out.

Whether you’ve never made a dollar online, or you’ve been in this space for a while but never really “made it,” Digital Leasing 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 Leasing 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 Leasing, 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 Leasing 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 Leasing, you’re actually helping people by solving your clients’ biggest problem:

Small, local businesses need more customers, and with Digital Leasing, 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 Leasing 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 Leasing.

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 Leasing.

Brittney Here!

I get to travel the world and live life without financial worry thanks to the system below!