Questions & Answers (Q&A)

Existing Independent Sales Organizations or Representatives in the Industry (ISOs)                

Q: Are you a direct lender?
A: We are a syndicate lender.  This means we can fund our own deals or white label deals when we co-invest in loans.   
Also, we have our own online marketplace. We can still pay up to 10% on each deal and up to 12% on equipment financing. You know that what you make is not dependent on us; but on what the client is willing to pay for a factor rate or rate. 

Q: Where are you located
A: In Miami and we work with our business processing outsourcing unit offshore (BPO). Also, New York.  Also, keep in mind 
that we conduct 100% of our business online.  We are classified as a Fintech company (Finance and Technology).   

Q: How do I start submitting deals?
A: You can submit deals online, use our application, co-branded application or you can use your own application

Q: How often do you pay commissions?
A: Weekly every Friday ACH. 

Q: How much can I earn on a transaction?
A: On weekly and daily payment loans up to 10%; equipment financing up to 12% and business lines of credit 1.5%.

Q: How do I track deals?
A:  If you will submit more than 10 applications per month; we will give you access to your own portal.  Otherwise, we will inform you of each credit decision via email whether the application was approved or denied.

Q: Will I be assigned an account executive and what type of support will I receive? 
A:  We may assign one or more in-house agents to work on your transactions.  We have several in-house agents that can work 
on all new submissions.  Usually, we will assign 2 to 3 people; this way you have a team working for you. Also, via our online portal
we provide you with numerous tools to include training materials, marketing materials and more. 

Q:  Who determine what I make on a transaction? 
A:  The rate you sell to the business owner.  We will quote you a buy rate.  This means that you are not making anything. Example: The buy rate is 1.15%.  If you want to make 10% on this deal the rate would be 1.25% or 25%.  If your client accepts that rate; than you will make 10%.  If your client does not accept that rate you may need to lower it.  Let's assume you lower it to 1.20% (1.15% + 5% = 1.20%).  Now, you are only making 5% on that loan.  Again, this depends on what the client is willing to pay.

Q:  What is your closing ratio?
A:  This depends on the quality of submissions you send us.   If your submissions are good; we can fund 30% to 40% of everything you submit.  This depends a lot on you.  Also, it is important to set the expectations clear. 100% funding ratios do not exist. If you submit 2 applications per month only and expect 2 deals to close and fund, your expectations may not be clear.  It may happen.  Normally we may receive up to 300 loan applications per month and fund 30%; which is 90 transactions.  Volume is the key to this industry.  


Q: What do you pay on renewals? 
A:  We don't place limits.  In some cases we may offer a prepayment discount and that may affect the amount of points you may make on a renewal.

Q:  How do I know your trustworthy? 
A:  Please check our reviews on Trustpilot.com.  Also, on our website at the home page we have a credibility package.  We have been featured in numerous magazines online to include debanked.com, entrepreneur magazine, Miami herald (El Nuevo Herald), and other publications.  Also, we have zero negative reviews online and zero complaints with government agencies.  Also, Lendinero has formed partnerships and seminars with reputable government agencies to include Accion USA, Partners for Self-Employment Inc., and the SBA.  Also, we are approved to work as an SBA Agent on PPP and EIDL loans with our funding partner.   
      



New referral agents or referral partners; new to the industry? 

Q:  Do I need a license to offer your business financing products or programs? 
A:  No, commercial loans and business cash advances are non-regulated.  The only state you need a license is California. 

Q:  Do I have to pay anything to get started? 
A:  No, there are no fees to get started.  

 

Q: Where are you located? Do I need to go to your office?  Can I work remotely? 
A:  In Miami and we work with our business processing outsourcing unit offshore (BPO). Also, New York.  Also, keep in mind that we

conduct 100% of our business online.  We are classified as a Fintech company (Finance and Technology).  That is the beauty of our business model and our industry. Just like amazon.com; we don't see clients nor agents face to face.  100% of our business is conducted online or digital.  

Q:  Do I sign a contract with your company? 
A:  Yes, all referral agents or referral partners sometimes referred as ISOs sign an independent contractor agreement.  You are not 
an employee.  We provide you with a 1099 at the end of the year. 

Q:  Do you provide leads? 
A:  No, but we provide you with training manuals that teach you step by step on how to obtain prospects and leads for business 
financing.  If you currently work with business owners offering bookkeeping, insurance, real estate, accounting, factoring, or any other product or service in the B2B space; it will become easier for you.  

Q:  Do you provide marketing materials? 
A:  Yes, on this platform there are several areas where you can access PDF, PNG flyers to send via email, WhatsApp, social media 
or print out. 
 
Q:  How do I make money? 
A:  You can make money one of two ways. First, just referring potential clients to us.  Second, working on the transactions from 
beginning to end.  If you work on the transactions from beginning to end you will make more money.

Q:  What is the difference between referring and working on a transaction from beginning to end? 
A:  Referring is when you just refer a business owner to us who is interested in obtaining business financing.  Simply you give us the n
name, cellular number and email and one of our inhouse agents will work on the lead.  Working on the transaction means that 
instead of you providing us the lead; you obtain the loan application, the last 4 months of bank statements, you provide them information about our financing programs and you submit the initial documents to us.  Thereafter, we provide you with an offer or an approval, assuming it is not denied and you are responsible for selling the transaction details to the business owner.  Also, you will be responsible for obtaining the loan or security agreement online, explaining the closing process and obtaining any documents we need to close the transaction and fund it.

Q:   How much money can I make? 
A:  That depends on you.  This is like any other business.  You will get out of it, what you put into it.  If you work on transactions from 
beginning to end you can make 1% to 10% of the loan amount.  The average is 5%.  If you fund $150,000 per month; you can make: $7,500 per month.  If you can make 10% on the same $150,000; you can make $15,000 per month.  If you only make 1% on $150,000 you will make $1,500 per month. 

Q:  Who determine what I make on a transaction? 
A:  The rate you sell to the business owner.  We will quote you a buy rate.  This means that you are not making anything.  Example: the buy rate is 1.15%.  If you want to make 10% on this deal the rate would be 1.25% or 25%.  If your client accepts that rate; than you will make 10%.  If your client does not accept that rate you may need to lower it.  Let's assume you lower it to 1.20% (1.15% + 5% = 1.20%).  Now, you are only making 5% on that loan.  Again, this depends on what the client is willing to pay.  

 

Q:  How do I know your trustworthy? 
A:  Please check our reviews on Trustpilot.com.  Also, on our website at the home page we have a credibility package.  We have been featured in numerous magazines online to include debanked.com, entrepreneur magazine, Miami herald (El Nuevo Herald), and other publications.  Also, we have zero negative reviews online and zero complaints with government agencies.  Also,  Lendinero has formed partnerships and seminars with reputable government agencies to include Accion USA, Partners for Self Employment Inc., and the SBA.  Also, we are approved to work as an SBA Agent on PPP and EIDL loans with our funding partner.   

 

Additional Questions: 
Email us at: partnerships@lendinero.com 



 

7950 NW 53rd Street
Miami, Florida USA
partnerships@lendinero.com
888-505-5835

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