Company: Global Broker Training Services

Locations: Global

Stars out of 5:

***

Suspected Spam or Scam (a): No

Job/Business: Business

Estimated Startup Costs: USD 19,950

Salary/Income Range: Commission - 3% of Loan Value to 15% of Loan Value

Website: www.globalbrokersystems.com

Description of Business:
Global Broker Training Services offer a training program meant to assist individuals setup their own finance companies. In practical terms however, it is a loan brokerage. The business rationale revolves around focusing on a niche of the market below the credit approval radar of conventional lending houses (commercial banks) but just above persons or institutions with a poor credit rating. In existence since 1980, the Global Broker Training Services team keeps class numbers low as a means of ensuring that instructors give detailed attention to attendees.

The firm provides the aspiring entrepreneurs with the contacts of lenders they require to get started. The loans offered by the intended loan brokerage would typically range from USD 15,000 to USD 3,000,000. One thing to note though is that the growth of this business rests on you. You have to be really self-driven to realize the gains promised. Maybe this is what the Global Broker Training Services team had in mind when they included a marketing module in the course; give you that basic understanding on how to go after business.


Pros:
1. Low Operating costs.
2. Global Broker Training Services provides contacts of lenders to all trainees. You will need these funding sources before you start your business.
3. No franchise fees.
4. Up to 15% commission on loans disbursed.


Cons:
1. High cost of training (USD 20,000.00).
2. Since it is not a franchise, you need to create and market your own business brand if you are to get the clients you need to succeed.
3. Target market is institutions and persons that are outside the credit bands of conventional lending institutions. Following the sub-prime mortgage fiasco, lending to this niche is under a lot more scrutiny than ever before.


(a) Scam - illegal / unethical job or business opportunity designed to trick people out of their money.
Spam - marketing of job or business opportunity, which does not pay out or provides very little value to the job/business seekers.





Return from GLOBAL BROKER TRAINING SERVICES REVIEW to REVIEWS
Return from GLOBAL BROKER TRAINING SERVICES REVIEW to HOME