Interview With Bill King – 2018 BizLoanConsultant student

This is the latest video blog with one of my 2018 students Bill King of 4 Kings Capital LLC. A redo of sorts from a previous video I recorded with Bill that had less than desirable production quality. It provides quite a bit of insight into brokering commercial business loans. Here is what we cover…

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How and When You Get Paid As A Business Loan Broker

Many of the questions that I receive about brokering business loans are about how and when you get paid as a business loan broker and there are some misconceptions about how your fees are paid to you in this business. As most of you know who have seen my previous videos on brokering loans, I…

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Recent Mastermind Student Shares Some Of Her Early Success

Sandra Pantoja, one of my “Life-Pivot” Business Loan Brokering Mastermind Students reached out to me in June of this year to report some of her success as a new business loan broker. She sent me the following email: I knew Sandy was doing well in her business because I had a lot of interaction with…

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What Start-Up Costs Can You Expect In Your Commercial Finance Business

  The first 15 years after I graduated from college and was working in various sales positions, I always had a desire to start my own business. The problem was that most business start-ups required too much $$$ that I just didn’t have. It didn’t stop me from exploring all types of business start-ups. The…

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I Almost Quit Early On In My Business, Fortunately, I Hung In There

One of the biggest problems I see with aspiring entrepreneurs is that they give up too early on their dreams of building a great company. It almost happened to me when I started my equipment finance company back in 2000. I left a good paying job and decided to go after my dream of owning…

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Anytime You Do Something The First Time Its Difficult, But It Gets Better!

I just dropped my 16 year-old son off at the prestigious Oakmont Country Club for his first time working as a golf caddy. Yes, this is the same golf course they play the US Open golf championship at every 10 years or so. I know my son was a bit nervous but I did my…

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Building a Solid Referral Network After You Start Your Loan Brokering Business

One of the keys to running a successful commercial loan brokerage is building a solid referral network. What this should mean to you as you start your new commercial finance business is that you need to understand the challenges, aspirations, and goals, of your referral sources. You also need to be hyper-responsive in your communications…

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How I Became “Lucky” As A Business Loan Broker and Why You Can Do It Too!

10-29-17 BLC Blog I think I underestimate myself. Even after all these years, I think I got lucky. Lucky in many respects. Great wife, healthy (and smart kids), a pretty nice house (that is paid for), a pretty nice boat (also paid for) and a weird and unconventional career that allowed me to evolve through…

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10 Things That will Cripple You In Getting Started In Your New Business

10 things that will cripple getting started in your new business… Waiting for the perfect name for your business. Waiting for the perfect logo. Waiting for the perfect website. Waiting to have the perfect business cards. Waiting to have the perfect brochure. Waiting while you decide on what type of corporation to form. Waiting to…

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Email Question From Newbie Asking The Most Common Question “How Do You Find Deals When You First Get Started?”

Here is an email I recently received from a young professional who, at the young age of 21, already has some experience working as a sales representative for a loan broker. Unfortunately, his experience a sales representative for this broker has not been a good one. His story is not completely uncommon when working for…

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