Business Loan Broker Job Description

[oldschoolbroker]

We look for new reps all the time and this is the basic ad formula we use. We do mostly loans, not mca for the most part.

1. Calling prospects: You will call prospects to discuss their financing needs and gather information about their business, such as financial statements.
2. Comparing loan options: You may spend time researching and comparing loan options from various lenders to determine which may be the best fit for your clients.
3. Submitting loan applications: You may work with clients to complete and submit loan applications to various lenders. This may involve gathering and organizing supporting documentation, such as financial statements and tax returns.
4. Negotiating loan terms: Once a lender has expressed interest in providing a loan, you may work with the lender and your client to negotiate the terms of the loan, including the interest rate, repayment schedule, and any fees.
5. Managing relationships with clients and lenders: As a loan broker, it is important to maintain good relationships with both your clients and the lenders you work with. You may spend time communicating with both parties, keeping them informed about the status of the loan process and addressing any questions or concerns they may have.