A Closer Look at ION’s…
lender
network
Ion Capital Solutions has a vast lender network of 130+ lenders, providing 60+ unique funding products. In contrast to other brokerages, we allow our business loan broker students to access our network. This empowers them to develop their own lender partnerships or utilize our existing ones by plugging into ION’s platform. You can learn more about us on our YouTube channel.
There’s roughly 40 unique general business funding solutions offered by our partners.
Here’s several of them.
Unsecured Financing
Unsecured financing means the loan does not require collateral. Business loan brokers may be familiar with MCA’s and Term Loans, both common examples of unsecured financing.
Secured Financing
Secured financing means the loan requires an asset as collateral. Business loan brokers may be familiar with Asset Based Loans and SBA’s, both common examples of secured financing.
Lines of Credit
A line of credit is a flexible financing option that provides businesses access to a predetermined amount of funds on a revolving line. It operates similar to a credit card.
Equipment Financing
Equipment financing is a funding option that enables businesses to acquire needed equipment for their business. Borrowers spread out the cost over time through regular payments.
Invoice Factoring
Invoice factoring is a financing option where businesses selling their outstanding invoices to a third-party company at a discount. This exchange provides immediate cash flow.
Start Up Funding
Start up funding is commonly offered in two forms, business credit cards and term loans. These options are backed by public banks & usually feature much lower interest rates than most unsecured options.
Consolidation
Business debt consolidation involves merging multiple debts into a single loan or repayment plan. This strategy simplifies finances for borrowers and may lead to reduced interest costs.
Debt Restructuring
Many businesses are overleveraged with stacked MCA loans, and are defaulting leaving them unable to get funded again. ION provides a unique solution for these clients.
Here’s some common questions & answers about our general business funding lender network.
What are your rates and terms?
ION utilizes a wide network with diverse pricing options, catering to applicants with varying credit profiles. The loan’s rate and terms are determined by the client’s qualification, not the broker’s ability.
Do you offer personal loans?
No. All loans are for active businsesses and business start ups. We can fund individuals, but they must be using the funds for business purposes.
How long does your process take?
Unsecured loans are faster as no asset appraisal is needed. They can fund within a week or two. Secured loans take around two weeks to a month. Delays often occur due to client responsiveness or missing documentation and appraisal appointments.
How much are the commissions?
Please watch the FREE webinar. All will be made clear!
Do I need a license to conduct business?
While licensing is mandatory in some states, most states do not have such requirements. For instance, in California, a $300 annual license fee is necessary for funding businesses. Only a few states impose similar fees, so if you conduct nationwide business, which is easily done online, licensing concerns are minimal.
American Author - Seth Godin said it best...
“Don’t find customers for your products, find products for your customers.”
There’s roughly 20 unique real estate investment funding solutions offered by our partners.
Here’s several of them…
Purchase & Rehab
Purchase & Rehab loans, also called renovation loans, offer financing for property acquisition and necessary renovations or repairs. These loans enable real estate investors to obtain and enhance properties through a single loan package.
Refinancing
Refinancing involves replacing an existing mortgage with a new loan. It offers various options such as a 30-year fixed-rate or adjustable-rate mortgage (ARM). Additionally, investors can opt for a cash-out refinance to access their equity as cash.
New Construction
New construction loans are tailored for financing the construction of a new property. These loans cover business expenses related to land acquisition, construction, and associated costs throughout the building process.
Portfolio
Real estate investment portfolio loans offer financing for investors to acquire and manage a property portfolio. These loans enable real estate investors streamlined management and potential growth of their real estate investments.
Commercial
Commercial real estate loans offer funding for businesses and investors to purchase, refinance, or develop commercial properties. This financial support enables them to acquire assets and leverage them for a range of commercial purposes.
Lines of Credit
Exposure lines of credit are flexible financing arrangements for real estate investment with a predetermined credit limit. Investors can access funds as needed to acquire properties, providing liquidity and flexibility.
Transactional
Transactional funding is a short-term financing option that real estate can wholesalers take advantage of. It offers wholesalers the capital needed for quick property flips, allowing purchases and property resale leveraging the lenders money.
Down Payment Funding
Experienced real estate investors without sufficient cash flow for down payments can explore joint venture opportunities. These partnerships enable deals to progress that might not otherwise happen, specifically in the realm of residential flips.
Here’s some common questions & answers about our real estate investment funding lender network.
What are your rates and terms?
ION leverages an extensive network offering multilevel pricing for a variety of applicants ranging from no credit to super prime candidates. The measure of a loans rate and term is a reflection of the clients qualification, not the brokers capability!
Do you offer personal loans?
No. All loans are for residential real estate investment and commercial projects. We can fund individuals, but they must be using the funds for business purposes.
How long does your process take?
For new applicants and most projects, appraisal is required. For frequent repeat customers, some lenders won’t require appraisal. The process can take anywhere from two weeks to a month. Big commercial and new consturction projects take longer. Usually, it’s the client that slows the deal timeline due to lack of responsiveness, doc submission or missing appraisal appointments.
How much are the commissions?
Please watch the FREE webinar. All will be made clear!
Do I need a license to conduct business?
Some states do require licensing, but the vast majority do not. For instance, the State of California requires you pay a $300 annual license fee to fund businesses in California. There’s only a handful of states that require fees like this, so no for the most part you don’t need to worry about licensing as long as you do business nationwide which is very easy to do online. As a business loan broker, you do not require an NMLS license because you are not originating the loan …the lender is.
Don’t leave without a FREE copy of our
Business Loan Broker Playbook!
MORE LOAN BROKER UNIVERSITY DETAILS
ION SUCCESS TOOL
Our interactive guide provides a comprehensive walkthrough of everything related to being a business loan broker. Additionally, it offers students the opportunity to join ION and collaborate with industry professionals.
SUPPORT & MENTORSHIP
At ION, we offer 1-on-1 assistance without 800 numbers or international outsourcing. Our live support includes screen sharing capabilities. Additionally, students that plugin are paired with industry professionals for optimal learning.
FUNDING DEALS
Our students are matched with a mentor who is an industry professional. Crucially, this mentor works alongside them in the marketplace, providing opportunity for students to earn money while learning.
FREE LEAD GENERATION
In this space, buying leads & paying for advertising is a thing of the past. Social media is powerful if you know how to leverage todays platforms. No need to build an audience or post, you just have to know how to navigate and connect.
NATIONAL LENDER NETWORK
ION is partnered with an extensive lender network of 130+ lenders offering more than 60 unique funding products. This includes both business funding & real estate investment funding. Additionally, we share our network with our students.
BROKER TOOLBOX
To effectively manage workflows, it all starts with organization. Using forms, invoices, grids, calculators, templates, and scripts streamlines workflow. Furthermore, we update these materials to stay current with the marketplace.
