Frequently Asked Questions.
* What does a Business Finance Agent do?
* What materials will be provided?
* How will I be compensated?
* How much can I make?
* How long does the average transaction for a client take?
* What are the minimum requirements? Prerequisites?
* Does the Business Finance Store provide training?
* Why should I become an agent?
* How can I contact you?
* What is the first step?
* Can I change levels after I sign up?
* As an agent, can I do my own marketing?
* How long does the contract last?
* Can I work from home?
Click on the question above to be taken to it's answer...
What does a Business Finance Agent do?
Business Finance Agents are consultants who help small businesses succeed through quick financing options. They act as ambassadors of our company to the small business community. As a Business Finance Agent (BFA) it is your job to seek out small businesses in need of funding. Depending on the service level you sign up for you will either refer people to us for funding, or you may end up walking them through the entire funding process.
What materials will be provided?
Depending on the level of your membership will determine what materials and access you will receive. All members, no matter what level will receive sales literature you can use, an easily tracked referral link, and access to our online applications and contracts.
How will I be compensated?
Your membership level will determine what commission level you are. The higher the membership level, the higher the commissions you earn for your time. Agents make anywhere from 10% to as much as 20% of all revenues generated through commissions on clients they bring to us. So if you refer to us clients who receive a total of $1 Million in funding, you could receive as much as $24,000!
How much can I make?
How much you make depends completely on you. The more clients you bring to us the more revenues you will make. Since you earn a percentage of the funding built for the client, it can be very lucrative, but it’s up to you to determine how many clients you will find. We have many agents that are consistently making from $10,000 to $20,000 per month.
How long does the average transaction for a client take?
The average time from file acceptance (measured from the initial welcome call) to file completion is anywhere from 30 – 60 days. The time between your submission and the underwriting call depends on how quickly all necessary documents are received at The Business Finance Store Corporate headquarters. Most clients receive their first lines of credit in as little as 1 or 2 weeks from submission.
What are the minimum requirements? Prerequisites?
The only prerequisite for using our service is to have good personal credit, or have a business partner, friend, or family member with good personal credit who is willing to co-sign the funds for you. We can work with startups, we don’t need collateral, and you don’t have to supply any income documentation.
Does the Business Finance Store provide training?
We will be providing multiple training calls every month. At least one call each month will cover product and banking program information, and at least one call a month will cover sales strategies and key benefits of our services for increasing your ability to close deals. Training comes from experts with multiples years experience with these products.
Why should I become an agent?
Do you love small businesses? If you want unlimited income potential, the ability to work on your own – and still want to be supported by a winning team with many years experience, then this is a great option for you. We charge very little money so your financial investment is low, allowing you to focus on helping small businesses and making money.
How can I contact you?
Please see our information on the About Us page.
What is the first step?
To begin your membership, go to our homepage and choose which service level seems right for you. Then follow the links to sign up for that level. Once you have completed registration we will contact you for your next steps.
Can I change levels after I sign up?
You can change the level you’re at any time, but your commissions are based on the level you were at during the moment the lead or contract is created.
As an agent, can I do my own marketing?
As a Business Finance Agent you are allowed to market in any way that you see fit, as long as you keep it professional and appropriate. We encourage this, because by marketing yourself you will get to know your target consumer and thus be better equipped to close the deal.
How long does the contract last?
Once the Terms of Service are accepted, this works as the BFA Agreement [contract]. The Agreement lasts for as long as none of the covenants set within it are breached or for as long as the monthly subscription fee is paid in full and on time if you are a level 2 or level 3 Business Finance Agent.
Can I work from home?
Yes you can. In fact, all of your work can be done at home or in your own office.