Do you want to start a loan brokerage business by buying a franchise? If YES, here are 9 best loan broker franchise opportunities for sale and their cost. The Loan Brokers industry is composed of establishments that arrange loans, especially mortgages, by bringing borrowers and lenders together on a commission or fee basis. The industry has loads of small business operators servicing a wide range of clients.
A quick of happenings in the Loan Brokers industry revealed that the industry has fared well over the past five years as consumer confidence levels have risen. Favorable economic conditions and low interest rates have fueled consumer spending over the past five years with purchases of homes and cars increasing demand for mortgages and auto loans.
Starting a loan broker services business can be demanding and risky at the same time, but if you have done your due diligence before venturing into the business, you are likely not going to run at a loss. First and foremost, you are expected to have experience in the financial industry. It will pay you to study accountancy or banking and finance if indeed you want to venture into this line of business.
Secondly, in other to avoid the risk associated with this business and also to avoid the teething period of a new business venture, it will be to your advantage to buy the franchise of a successful loan broker. If you are interested in starting your own loan broker firm in the United States of America, here are 9 of the best loan broker franchises you can choose to buy in the United States of America;
9 Best Loan Broker Franchise Opportunities for Sale and Their Cost
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Vernon Street Capital
Vernon Street Capital is a full – service financial company that provides an extensive portfolio of products and services to help individuals get started in the lending industry. Vernon Street Capital’s primary focus is to provide training, support and funding sources along with other tools needed to be successful in the finance business.
The company has established lender relationships that their affiliates have access to within days of signing up. Vernon Street Capital’s philosophy is to provide resources to their affiliates that will enable them to work with customers throughout the loan process and help them even if they are having difficulty to qualify.
Financial Requirements and Info
- Minimum Cash Required – $5,995
- Veterans – We offer a 5% discount on our fee to qualified military veterans.
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Success Member Inc.
You can own a national lending and financial services business via purchasing the franchise of Success Member Inc.; a proven loan broker cum financial lending firm.
As a Success Member Inc. franchise owner, you will be a direct lender with access to the Best in Class Lenders providing the most competitive rates and programs to individuals with the best and worst credit scores. The lending and financial services platform gives you the ability to earn multiple revenue streams.
Success Member Inc. also provides in house financing and 3rd party financing for their turnkey platforms, their Comprehensive package is $29,995.00 and there is a down payment program available to qualified individuals. The Elite Media package is $59,995.00, with various financing options available, their competitors do not offer financing but are in the lending industry.
Financial Requirements and Info
- Minimum Cash Required – $25,000
- Veterans – 10% discount for Veterans
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The Interface Financial Group
With 46 years of experience in the business, The Interface Financial Group provides franchisees with a proven system, thorough training, a comprehensive risk management program and a management team with 400+ years of combined financial services experience.
The Interface Financial Group provides cash flow acceleration to their business clients by purchasing selected invoices at a discount. This is a financial service ‘White Collar’ franchise that can be run on either full-time or part-time basis from a home-based office environment. The Interface Financial Group is the only truly International franchise opportunity of its kind.
The Interface Financial Group franchisees, we believe, earn an above-average return on their working capital with a shared funding/reward format, that includes a capital leverage component for franchisees. The Interface Financial Group 50/50 franchisees work primarily with business owners of expanding companies that find it difficult to attract conventional funding: it’s always B2B.
Financial Requirements and Info
- Available Locations – Opportunities immediately available in the United States and Canada.
- Minimum Cash Required – $150,000
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American Title Loans
American Title Loans is a loan broker franchise that was founded in 2006 and they started franchising since 2013. They have their corporate head office at 3355 S. State St., Salt Lake City, – UT 84115. American Title Loans is seeking for interested investors to buy their franchise from all across the United States of America.
Financial Requirements
- Initial Investment – $253,294 – $434,459
- Net-worth Requirement – $500,000
- Liquid Cash Requirement – $300,000
- Initial Franchise Fee – $45,000 – $45,000
- Ongoing Royalty Fee – 5%
- Ad Royalty Fee – 2%
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Motto Mortgage
Motto Mortgage is standard loan brokerage firm cum Mortgage brokerage firm that was founded in 2016 and they started franchising since then, that is about 3 years ago. They have their corporate head office at 5075 S. Syracuse St., #1200 Denver – CO 80237.
The Parent Company of Motto Mortgage is RE/MAX and they offer in-house financing to cover only franchise fee. Motto Mortgage is seeking new franchise units throughout the U.S.
Financial Requirements
- Initial Investment – $47,300 – $67,300
- Initial Franchise Fee – $25,000 – $26,500
- Ongoing Royalty Fee – to $4.5K/mo.
- Ad Royalty Fee – $300/mo.
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ACE Cash Express, Inc.
ACE Cash Express, Inc. is a leading retailer of financial services, including check cashing, short-term consumer loans, bill payment and prepaid debit card services, and the largest owner, operator and franchisor of check cashing stores in the United States.
As of June 30, 2006, ACE had a network of 1,573 stores in 38 states and the District of Columbia, consisting of 1,353 company-owned stores and 220 franchised stores. ACE focuses on serving consumers, many of whom seek alternatives to traditional banking relationships in order to gain convenient and immediate access to financial services.
Altogether, ACE served over 38 million customers – that’s over 11,500 every hour!
Founded in 1968, ACE Cash Express is headquartered in Irving, Texas and has locations throughout the U.S. Stores provide financial services such as money orders, small consumer loans, bill payment services, and prepaid local and long-distance telecommunications services.
If you are interested in this franchise, you can contact them via their official address as stated above.
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Wirth Business Credit
Wirth Business Credit is a standard loan broker franchise that was founded in 2005 and they started franchising that same year. They have their corporate head office at 605 Highway 169 N, Suite 400, Minneapolis, MN 55441.
Wirth Business Credit is a unique small ticket leasing and financing company which serves the 25 million small businesses that make up the backbone of the U.S. economy. They are the first in the industry to grow a national brand through local franchise associates. Wirth’s goal is to change the way leasing has been done, by better servicing this under-served market.
If you are interested in this franchise, you can contact them via their official address as stated above.
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Club Financial Services
Club Financial Services is a specialist mortgage lender who offers a range of products. Their services are specifically designed to suit the needs of the most discerning home buyers, property investors and those wishing to refinance. If you are interested in this franchise, you can contact them via their official address as stated above.
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Centum Financial Group Inc.
Centum Financial Group Inc. is a Canadian based loan broker firm that was founded in 2002 and they started franchising that same year.
Centum Financial Group Inc. is a national network of independently owned and operated mortgage broker firms throughout Canada. Federally incorporated since 2002, the CENTUM network is home to over 175 locally franchised mortgage centers and more than 1400 mortgage professionals.
Centum Financial Group Inc. is rapidly becoming the largest and most innovative organization in today’s ever-changing mortgage brokerage industry.
They offer sound and impartial advice, and professional mortgage broker services. They provide industry-leading mortgage business systems, support, technology, expertise, financial products, and relationships to enable independent brokers to effectively compete and succeed in their local marketplaces.
If you are interested in this franchise, you can contact them via their official address as stated above.