FREQUENTLY ASKED QUESTIONS
You Have Questions,
We Have Answers.
Is this opportunity too good to be true? There has to be a catch, right? If you find yourself still questioning the opportunity behind our program, review the typical questions we get from interested entrepreneurs.
Our frequently asked questions section answers a lot of your questions in full detail. If you can’t find an answer to your questions or want to learn more, contact us and we would be happy to go over everything with you.
Frequently Asked Questions About Our Program
Have questions? Don’t worry, you are not alone! We took the questions we are asked every day about the lending business and put them in this FAQ section to help you better understand our program.
If at any time you have additional questions, or you feel that you are ready to take the next step in changing your life, please feel free to speak to one of our representatives, email us at hello@ownalendingbusiness.com and we will email or give you a call.
• Do I need to be licensed? Yes if you intend to do residential lending, this is optional but
highly recommended. It is in my experience that the
license is worth millions of dollars over the life of the
license. The training cost is included in the price of
your program.
• Do I need an office? No, this is by choice.
• Can I grow this business? Yes! We help you recruit
and train other individuals that want to enter the
lucrative field of lending to work with you. We also
teach you how to market and grow your business.
• Do you offer benefits? No, But One of the benefits of
being licensed is that you will have the opportunity
to participate in a 401k, Health, Dental, Vision, and
Life Insurance from your sponsoring bank, when
available.
• What types of loans can I provide?
Commercial, Business, Hard Money,
Merchant Cash Advance, Payroll, Invoice Factoring, revenue based, Equipment finance, and residential when licensed
and numerous other products…
How much money can a partner really make?
Starting any business takes hard work and dedication and the same holds true for this business. To make a good income in this industry does not simply happen overnight despite what some other companies might say. Be careful of loan broker training companies that promise grandiose income claims. The commercial finance industry does present significant advantages over other businesses and franchise concepts and one can make significant money with lenders, but you still have to work hard at being successful. It takes hard work to build this business and our training program gives you all the tools and guidance to maximize your businesses success in this industry.
Our industry does not restrict you by geographical boundaries, whether you work full time or part time, or how much experience you have. It is very possible to achieve a high annual income with the financing products that you will be able to provide along with hard work and dedication. You can do large transactions that earn high commissions or you can do several smaller transactions where the commission adds up on a monthly basis.
$29,995 seems like a lot of money to get started?
A lot of times, before actually attending our class, people might not bring this question up when speaking to us, but we certainly know that this question has crossed your mind. Yes, we do agree that for most people $29,995 is a lot of money to part with. We get it! Our intent in addressing this concern is to simply highlight some facts that most people don’t realize about our program until they arrive and completed our training.
Let first look at the fact that starting any business takes capital or an investment to start. You would be hard pressed to start any business for under $30,000 if you take into account the materials or inventory you might need, getting a website (which you absolutely need these days), legal fees, a marketing budget, a space to conduct business out of, and labor or help to operate the business depending on certain factors. Now if one gets into a franchise arrangement you have these costs plus the franchise fee (which could be $50,000 and up) and now you have to pay royalties on any revenue you earn. Plus, in any business or franchise if you want to expand you have to contribute more capital in order to do that. This is not the case with our innovative model. There is no inventory, you can do this by yourself and later if you want to grow the business you can do it very inexpensively.
With our training program a lot of these factors do not exist in our model or we have included them in the training fee you pay. People don’t realize how much we invest back into your business for the fee that you pay. Here is list of services that is included in your fee and the market value of each of them:
- Fully functional website with content management system, hosting, domain:
- Stationary package:
- Marketing Materials:
- leads per month of individuals and businesses looking for financing:
- Email marketing, social media marketing, and content marketing
- Finance Encyclopedia
- Loan Officer software: Once Licensed as an NMLO
- Computer
- Founder Mentoring
- Online University Programed on your computer
- Lifetime Training & Support
As you can see that is well over the purchase price, if one were to try to do this on their own. The other major factor that we left out of these numbers is lifetime support! The fact that you can call a dedicated support person to answer any questions you might have or help you with any transaction is priceless.
Now you take what each type of financing and scenario could possibly yield you, and its not hard to see that getting a return on your investment is very feasible, provided that you put in hard work and dedication. Plus, our model is recession resistant and there are no geographical boundaries that will constrict your income or where you do business.
These factors along with many others are almost always overlooked when considering our program. To learn more about our exclusive Digital Media Platform email hello@ownalendingbusiness.com
Do I have to have an office to work out of?
Absolutely not. The perfect aspect of our program is the low overhead business model that allows you to operate from the comfort of your own home. Believe it or not, most lending officers of large financial institutions work from home as it cuts back on costs to the company. There are some people that prefer an office, but the choice is really yours.
How much does your training program cost?
The cost of our platform is $29,995 This includes everything else one would need to establish a finance company in this business model.
You will not only take advantage of approving what the banks today decline but you will also have programs for businesses and commercial real estate investors with prefect credit and financials that are very competitive from lenders and banks with programs that are more attractive than most banks people know about.
What if I have a partner that wants to come with me to the training?
That is fine with us. There is no additional charge to bring somebody with you. It’s actually a great idea as two minds are better than one.
How do we get business once we leave the training?
We cover the multiple avenues of revenue in training.
Is my money ever at risk if a loan goes bad?
After you have completed and closed a loan with a lender, you will get paid within 15 days on a commercial loan. If any loan that you close should ever go into default, the commission you earned will never have to be returned. You don’t have to worry about what happens after you get paid. You just focus on getting new business and growing your business.
Can I do this opportunity part-time?
Absolutely. In fact, we have many individuals that have full time jobs and elect to do this business part-time. Many times the people who start out doing this part time and convert their business to a full time operation.
Why do lenders need people like your graduates to get business?
This is a very good question. Banks and lenders of all types use brokers to bring in business because it is a very cost effective way of advertising. Think about it. They would rather pay you a commission than spend money on big marketing budgets that might not work effectively half of the time. Also, there is no way they could possibly reach every business that needs their service, even with the biggest marketing campaigns. When they pay you a commission, they know they spent every dollar they pay you on a closed deal. When banks advertise, some of those dollars are not converted into actual closed loans. Simply, they have a better ROI or return on investment with brokers.
What kind of support will I have once I complete the training?
This topic is one of the many facts that make our company unique. We provide total support for the life of your business in any capacity that you want. Whether you need us to be on a call with a client or lender, or if you just have a few questions regarding a transaction, we are always here to advise and support you with your business. If you are working on a deal over the weekend and have a question, no problem, our support staff is ready to answer your questions 7 days a week! In fact, the training does not stop after you leave our facility. We will continue to bring you cutting edge programs from banks and lenders when available. Our support staff will often hold webinars and group calls to make sure your business is on track and introduce new lenders when available. We will also educate and inform you of new marketing ideas and hot industry trends that frequently occur in the finance industry. Through our constant education, you will know when to take advantage of opportunities that we identify in the marketplace for years to come. No other training program offers this continuing level of support. To learn more about our dedicated support email hello@ownalendingbusiness.com
Okay, I’m ready to speak to somebody…where do I go from here?
If you have more questions about our commercial finance training program or want to discuss this one-of-a-kind training program further, please feel free to email hello@ownalendingbusiness.com or There is no pressure or hard selling of our program.
What challenges can a person expect when starting up this business?
Patience. When an individual starts a new business, it is a time of excitement; putting in the
work mentally and physically. Laying the proper foundation and doing the training to ensure
success. Being honest with oneself. Wealth is not created overnight. It is created over time.
What type of support will I receive?
Lifetime Training and Support: 1-on-1 Mentoring, Personal Development Training,
Webinars, Online University, Training and support from the banks and lenders.
• Any other costs? Your national NMLO exam of $110 dollars
paid at the time of your test to the testing center. Finger Prints and State Licensing Fee.
Respecting the business, vision, showing up every day mentally. This is not a get rich quick
business. This is a create success over time business by respecting and working it.