For many commercial loan brokers, 2020 has been their highest grossing year yet. With COVID-19, there has been a huge increase in companies looking for financing.
At the same time, banks have become more conservative with their lending requirements. An increase in the demand for financing PLUS a decrease in the supply of financing from banks…
This adds up to a huge opportunity for loan brokers.
It’s basic Keynesian economics. Higher demand for financing combined with lower supply from traditional lenders equals lots more business for non-traditional lenders.
COVID’s impact isn’t the same for every company, though.
A lot of companies have seen revenues shrink. So they are turning to loan brokers to get the funds they need to weather this economic storm.
Other companies are seeing their sales grow like mad (healthcare industry or PPE manufacturing, anyone?). These businesses need funding so they can expand to meet the increased demand. They need financing for new equipment, facilities, and staff.
Companies whose revenue is rapidly growing – and companies whose revenue is shrinking – are both in need of financing.
And there is even better news.
You’ve seen the recent announcements about successful vaccine tests. Companies that were sitting on the sidelines are going to start gearing up again, increasing their staff and their marketing. When the marketplace sees the light at the end of the tunnel, it always creates an immense new wave of financing requests.
And the brokers who are already active, the ones who have their doors open for business, are going to profit big from this next shift.
Becoming a commercial loan broker is easier than you may think. Companies like the Commercial Loan Broker Institute offer a sort of “business in a box” solution to opening your own brokerage from home. In today’s economy, people are making big money as commercial loan brokers, and this company gives you everything you need to start your own – including in-person and online trainings, ongoing one-on-one coaching, branding and web design for your new business, access to over 2k lenders, a leads program, ongoing marketing, a loan broker CRM, and so much more.
With everything that is going on in the world today, it is nice to know that there are still opportunities out there for entrepreneurs, and people working from home. Right now is hands-down the best time in the past decade to enter the commercial lending space.
Company Name: Commercial Loan Broker Institute
Contact Person: Shane Walton
Email: Send Email
Address:600 17th St, Ste 2820
State: Colorado 80202
Country: United States