The PALs Referrers Program is the cornerstone entry point for many of those seeking (or being forced to seek) a new vocation due to their current career being terminated due to AI. The business development side of factoring and other areas of alternative commercial finance simply cannot be replaced due to the need for consultative face-to-face networking and marketing. Additionally, add in the historical need for commercial factoring in tough economic times, when banks that are already difficult to access for loans in normal times become almost that much more difficult to access for loans in times like today.
Residual Commissions and Life-of-Account Payments
In today’s difficult job market and inflationary economy, it’s all about income…and in particular a new vocation, whether part-time or full-time, that provides supplemental income month after month. Whether you are working directly with a factor as a business development officer (BDO) or practicing as an independent industry broker from a home-based office, factoring provides the income cushion all types of entrepreneurs need to get through the tough times. Once trained, it does not take long to build the 10 to 20 factoring accounts that provide the $50,000 to $100,000 needed to become comfortable even in such tough times.
The PALs Referrers Program: Zero Cost to Enter, Low Cost Training, Real Rewards, and Industry Recognition
The IACFB’s PALs Program are one of the fastest methods available to learn the business and succeed quickly. This is primarily due to the fact that all of the four PALs Program options provide SQL support or support for any Sales Qualified Leads. For new brokers, this is extremely important since brokers only need to identify a Sales Qualified Lead and turn it over to IACFB underwriters. As the PALs referrer or broker…
- You identify a sales-qualified lead
- Submit a quick submission form
- IACFB follows up on your lead and attempts to contract the client
- If contracted, you are listed as the broker-of-record, and you get paid
This Month’s Challenge for June…Double Commissions
This month’s challenge begins June 1st and runs through June 30th, and is directed to PAL Referrers. Normally, PAL Referrers split their commissions with IACFB and earn half of the industry standard of commissions. For the June Challenge, however, all PAL Referrers will be paid “Double” commissions, or in other words, the full standard commission for an industry broker
Bonus Incentives That Pay Real Money
This is a real contest that pays real money and this also includes:
-
100% commission on any deal submitted during the month
- Deals that are submitted as an SQL late in the month but takes until July to close
-
Residual monthly commissions paid on going.
These incentives are designed to reinforce a simple idea: Active brokers are serious brokers—and serious brokers deserve better opportunities.
The Perfect Time to Become a PAL Referrer
For those new to the industry and are now just initially exploring our industry, there is no better time than right now to become a PAL Referrer.
- ZERO COST: The PALs Referrers Program is a totally zero cost program. Anyone can join and become a member of the PALs Network as a “referrer”.
- Double Commissions to get you started.
- Low cost training if required (Commercial Finance Consultants Magazine)
Sign Up Today…Become a member of the IACFB Network as a New PAL Referrer
Becoming a PAL Referrer at IACFB is easy. Simply click the button below and complete the brief submissions form for PAL Referrer inclusion. You’ll quickly get your password via email to download your PAL’s Referrers Agreement and will then have access to your SQL Lead Submission Forms
