- This file was automatically generated by VIMEO 0 00:00:00.300 --> 00:00:03.200 One way in particular that I've seen white labeling used 1 00:00:03.200 --> 00:00:06.700 in the small business finance industry is that if 2 00:00:06.700 --> 00:00:09.600 you have a broker's shop that essentially 3 00:00:09.600 --> 00:00:13.200 wants to be a funder or create 4 00:00:12.200 --> 00:00:14.800 the impression that it is the funder. 5 00:00:15.300 --> 00:00:19.200 Or start funding on its own one 6 00:00:18.200 --> 00:00:21.200 way to go about embarking on 7 00:00:21.200 --> 00:00:25.500 that journey is to become a white label bonder. So 8 00:00:24.500 --> 00:00:27.700 if you're a company is ABC 9 00:00:28.700 --> 00:00:30.500 Capital LLC 10 00:00:31.100 --> 00:00:34.400 broker shop, right and you've gone out to the world and you've 11 00:00:34.400 --> 00:00:36.500 told people send me your deals. 12 00:00:37.300 --> 00:00:40.100 And if you're really a broker you kind of told people that 13 00:00:40.100 --> 00:00:43.700 you're not but you're really you're really a broke right? Someone sends 14 00:00:43.700 --> 00:00:46.300 you a deals and you're like, okay, but I'm not really a funder. 15 00:00:46.300 --> 00:00:47.800 I got to go get it funded somewhere else. 16 00:00:48.900 --> 00:00:51.200 And then you had that contract generated. It's not 17 00:00:51.200 --> 00:00:53.600 going to have your name on it. Yeah, and they're like wait a minute. 18 00:00:54.500 --> 00:00:57.800 You're not a funder what's going on here? I'm just 19 00:00:57.800 --> 00:01:00.300 gonna work with that funder directly. I'm not gonna work with you. I'm gonna 20 00:01:00.300 --> 00:01:01.900 cut the middle man out of the picture here. 21 00:01:02.800 --> 00:01:05.400 So the broker can become a white label for somebody else 22 00:01:05.400 --> 00:01:08.900 your ABC Capital LLC. Yeah this 23 00:01:08.900 --> 00:01:10.500 fun to say hey will help you out. 24 00:01:11.600 --> 00:01:14.400 You can be a Founder will really be funding the money, but 25 00:01:14.400 --> 00:01:15.700 you can go out and play Thunder. 26 00:01:16.800 --> 00:01:19.300 We'll give you a contract. We'll set up a legal entity for 27 00:01:19.300 --> 00:01:22.600 you. It'll be called ABC cap. LLC looks 28 00:01:22.600 --> 00:01:25.200 very close. Yeah, right. The money is going to come from this 29 00:01:25.200 --> 00:01:25.900 funder over here. 30 00:01:26.700 --> 00:01:29.400 But now it's gonna look like it's coming from you. They already 31 00:01:29.400 --> 00:01:32.200 know you the ABC Capital LLC. So you give 32 00:01:32.200 --> 00:01:35.700 them a contract it says ABC cap. Yeah LLC and 33 00:01:35.700 --> 00:01:38.300 like, oh, it's yeah. It's probably them it looks 34 00:01:38.300 --> 00:01:41.100 the same not knowing that it's an entity that the actual 35 00:01:41.100 --> 00:01:45.600 fundra set up for this broker over here. So these 36 00:01:45.600 --> 00:01:48.300 two have a relationship everything looks like it's just these two 37 00:01:48.300 --> 00:01:51.400 they don't know about this party over here, or maybe they do I don't 38 00:01:51.400 --> 00:01:54.200 know but it makes a lot more seamless, you know 39 00:01:54.200 --> 00:01:57.600 creates that trust. Oh, it's us, you know what? I mean? It's all right that 40 00:01:57.600 --> 00:02:00.500 type of thing. That's one example of a white label. 41 00:02:00.500 --> 00:02:03.300 I don't know how how you know how in depth 42 00:02:03.300 --> 00:02:05.400 you want to go. But if you're wondering what a white label is 43 00:02:06.200 --> 00:02:09.600 it's basically an entity set up to create 44 00:02:09.600 --> 00:02:12.300 the appearance that you are the Ponder, but the 45 00:02:12.300 --> 00:02:13.900 funds are probably coming from some of