Business Loan Blog
Resources for securing business loans
The financing world can be complicated. We are here to help you make sense of it all and stay on top of a rapidly changing industry.
COI’s Are Critical for Commercial Loan Brokers
Centers of Influence (or COI’s for short) represent the main referral source for the most successful of commercial loan brokers. But how do you effectively and efficiently create these referral networks for your brokerage?
Commercial Loan Broker Websites: The 7 Needed Features
In today’s marketplace, your customers are shopping online. Surveys consistently find that 9 out of 10 shoppers will use the internet at some point in their shopping process. For many, this is their starting place. Whether they need a new TV or a new line of credit...
Secrets to Commercial Loan Assessment
A thorough Loan Assessment is the first critical step in successfully fund commercial loan. When done properly it builds rapport, earns the client's trust, and shows you whether a deal is worth pursuing. (To learn more about the importance of only pursuing the right...
Chasing Elephants: Hunting the right deals
As a junior business banker back in my "Norwest Bank" days , I used to attend formal loan committees whereby we (bankers) would complete the loan review write -up’s and present to the following loan committee members: Sr. Credit Manager, Sr. Lenders, direct reports,...
The 5 C’s of Credit
The 5 C’s of credit is a key method to determine the credit worthiness of a prospective borrower. Use it to your advantage to show banks whether you are a good credit risk or not.
The Loan Broker Discovery
While working as a Business Banking Manager, I attended a staff meeting where I watched a sharply dressed gentleman (named Mike) introduce himself as a “Commercial Loan Broker ” to the “Private Banking” team in Denver, CO. Little did I know how much I was going to learn from him, or how much money he was going to make me.