When you’re looking for a lending partner to work with, it’s important to find one that fits well with your goals and your client’s goals. Building a strong network is key to success in this process. Here are some tips to help you get started building your network:
- Collaborate with Others: Attend webinars, join events, and connect with peers in the industry to expand your reach. LinkedIn and Alignable are great places to start.
- Utilize Tools and Resources: Make use of the tracking tools, analytics, and marketing materials provided by your lending partner. These resources can help you monitor your success and fine-tune your efforts.
- Adapt to Market Changes: Stay informed about the latest trends in lending and marketing. This will help you stay competitive and adjust your strategies as needed.
Understand the Compensation Structure
Different lending programs offer various ways to earn compensation. Some pay per lead, while others compensate you only when a lead successfully secures funding. Understanding the payment model will help you determine which structure best suits your business.
Partner with a Lender You Can Trust
Trust is everything. Work with lenders who have a strong reputation and a history of treating their clients well. Check reviews, verify any necessary licenses, and research how the lender is perceived by past customers.
Keep Your Clients in Mind
If your clients are small business owners, it’s best to partner with a lender that offers business loans, lines of credit, and SBA loans rather than cash advances or personal loans. Consider how the lender’s products fit into your client conversations—would you feel comfortable recommending them? Only promote products you believe in and would use yourself.
Choose a Program That Offers Strong Support
Having a partner who supports your success is invaluable. Look for programs that provide clear client criteria, marketing materials, tracking tools, and dedicated support. A well-structured program makes it easier to refer clients and ensures a smooth process.
Know the Terms
Before signing up, make sure you fully understand the program’s terms, including:
- Compensation payment frequency
- Compensation differences for initial deals vs. renewals
- Clawback policies
- Any conditions that may impact your earnings
Clarifying these details upfront will help avoid any surprises down the road.
Become a Partner with Clear Skies Capital
If you’re looking for a reliable lending partner that offers a variety of business financing options, Clear Skies Capital might be the perfect fit. We offer Term Loans, Lines of Credit, Equipment Financing, SBA loans, and more. If your current offerings don’t cover these types of products, we can help you extend your services to meet the needs of your audience.
Our Partner Program is built to support your success, with competitive compensation structures and plenty of marketing resources to help you get started. Ready to start offering more financing options to your network? Apply to become a partner today!