Small business loan broker – A commercial loan broker is someone who specializes in helping small business owners and investors connect with loans for their business or commercial uses. Business loan brokers can work for a brokerage firm or they can strike out on their own and act as independent agents getting hired by businesses that require specialized types of financing.
Original funding is a small business loan platform that seeks to connect business owners in need of capital with alternative lenders.
Small business loan broker – Biz2credit has been securing funding for small and mid sized businesses since 2007 and has delivered over 2 billion in commercial loans for over 225 000 customers to date. The rise of loan exchanges such as lending club and prosper and direct funders like ondeck and can capital should make one question why brokers are even necessary. And is it legitimate. Small business loan broker
They offer loans from 5 000 to 5 000 000 and use a proprietary platform to find the best funding options for each individual client. The small business administration s small business profile report has shown that 2 1 million businesses in new york or 99 percent of businesses are small businesses this means that almost all of the businesses in new york are small businesses that employ 3 9 million people which is around 50 6 percent of the workers in new york. In theory a commercial loan broker will be well versed in every aspect of commercial finance and will provide a business owner with guidance on how to get a business loan. Small business loan broker
Instead of going to lenders directly businesses with hire business loan brokers to seek out lenders with the cash reserves and loan programs to fulfill their needs and act as liaisons in negotiating the entire deal. Most lenders have a simple online application process so why has the business brokerage industry exploded. Small business loan broker