Finncy Partnership Program: The 5 Pillars of Finncy

Key Takeaways

• What is Finncy?
• The 5 Pillars of Finncy

The most important decision a Business Loan Broker has to make in their career is their choice of brokerage. Your brokerage will determine whether the income ceiling is going to be very high or low.

There are a few different reasons why a Business Loan Broker might be searching for a new brokerage. Perhaps you’ve recently completed or are completing your business loan broker license, and you’re preparing to take the next step in your Business Loan Broker journey.

Alternatively, if you’re already working as a Business Loan Broker, you might feel your brokerage doesn’t offer you a fair commission split or that you’re not generating enough leads.

If either sounds like you, Finncy might just be the solution you are looking for. Continue reading to learn more about Finncy, and why it has become so popular amongst today’s most lucrative Business Loan Brokers.

What is Finncy & How Does it Work?

Finncy was founded in 2022 by Jantzen Fugate, after creating the largest online business loan broker training program and online community. It was at this time that he noticed brokers did not receive the right support from their brokerage, specifically an aggressive compensation structure. In just a few short months, Finncy has gone on to become the fastest-growing business loan brokerage in history.

Many Business Loan Brokers are drawn to Finncy because of their income potential. While a lot of Business Loan Brokers dream about opening their own brokerage, the hard reality is that a traditional business loan brokerage doesn’t always make for a profitable business. Your income potential is much greater when you’re working as a Business Loan Broker, and it can be even more significant if you’re working through an online super broker such as Finncy.

Another benefit of working through Finncy is that we are a cloud-based brokerage. Which means we can operate almost entirely online and does not utilize any brick-and-mortar locations or regional structures.

The following outlines a few of the key components within the Finncy model:

Finncy Business Loan Brokers

As a Finncy Business Loan Broker, you’ll enjoy benefits such as the most competitive commission splits in the industry, stock options, and revenue sharing programs. Essentially, at Finncy, the Business Loan Brokers are the owners (which we’ll dive into more later).

The online nature of Finncy gives it a major advantage over brick-and-mortar brokerages and in turn, gives it the opportunity to share its profits with its Business Loan Brokers.

To explain it further, brick-and-mortar operations are handcuffed by high business Expenses (like the cost of office space), and most of them have the following structure:

• Top of the Ladder: A VP and C Level corporate structure.
• Middle of the Ladder: Office managers, processing managers and team leaders.
• Bottom of the Ladder: Salespeople, processors, compliance
• Very Bottom of the Ladder: Secretary and assistants.

Think about how Netflix shuttered Blockbuster through its online business model. Finncy is doing the same thing to the traditional business loan brokerage model. Finncy uses a cloud-based business model that’s far more lucrative for Business Loan Brokers and the company’s bottom line.

Anyone can join Finncy and become a successful Business Loan Broker. Finncy has unsurprisingly attracted a considerable number of Business Loan Brokers—thereby showing the amazing opportunity we have of generating incredibly high revenues.

[ Interested in becoming an Finncy Business Loan Broker? Learn more about how to join a Finncy team and get access to regular training from top business loan brokers including Jantzen Fugate! ]

Finncy Commissions

When you join a traditional business loan brokerage, you’re essentially renting a processor. You’ll probably be on a 20 - 30% commission split, and there’s no way you’ll become an owner in their company. Finncy takes a far different approach with their compensation structure.

What are Finncy commission splits?

Finncy Business Loan Brokers start at a 50/50 commission split - better than the industry average. But Finncy also has a graduating commission tier, eventually settling at 80/20. This alone is what makes it not only possible but very likely that you will earn more per year at Finncy than another brokerage.

Furthermore, Finncy offers stock ownership and revenue sharing programs for its Business Loan Brokers. Not only will you earn income from your commissions, but you’ll also be able to start increasing your wealth. You can start saving for retirement, or you can create passive income.

Brick-and-mortar brokerages just aren’t structured to offer those kinds of perks.

Finncy Fees

With all of the benefits we’ve discussed, you might be wondering, is there a catch? And what are the fees involved?

There are only a few additional fees at Finncy, and they’re minimal. Especially when you consider your commission, stock ownership and revenue share potential.

The diagram below displays the basic Finncy fees for a Business Loan Broker:

The Five T’s of Finncy

Now that you’ve learned the basics about how Finncy works, it is important to understand what makes it successful. Here are the Five T’s of Finncy, these five pillars are designed to help you succeed as a Business Loan Broker.

1. Training
2. Technology
3. Transaction Assistant
4. Team Building
5. Transparency

Pillar 1: Technology & Lead Generation

You’ll have access to a few great tools and platforms when you join Finncy:

• Finncy CRM: Our transaction management platform, which is free for Finncy Business Loan Brokers.
• Finncy Marketplace: Access 100 different lenders to broaden your product offering and service your customers through their entire lifecycle.
• Finncy University: A series of training sessions to help you build a successful business loan brokerage.

One of the best tools is Finncy University, a training specifically created for Finncy Business Loan Brokers. Here you will learn what top-producing Business Loan Brokers are doing. From generating their own leads, to understanding the sales cycle and deepening their understanding of the sales process.. Through Finncy University, we will show you how to put an iron fence around your customers so they never want to leave.

Pillar 2: Training

Traditional super brokers are notorious for having inadequate training programs for Business Loan Brokers. Training’s and group seminars are run infrequently and are usually on random topics—there’s no structured curriculum.

Furthermore, these brokerages might have some of their own Business Loan Brokers conduct training. These Business Loan Brokers often see you as a competitor, so they won’t reveal their best practices.

Finncy, on the other hand, has the best educational resources in the business. The training tools will enable you to:

• Interact and learn from other top professionals in the company
• Build teams across state lines with zero territorial restrictions
• Host and participate in daily, live gatherings
• Benefit from a robust referral network
• Share best practices among your peers

Finncy provides live training every week, educating its Business Loan Brokers on topics such as sales and closing, lead generation, social media, and the latest technology trends.

In other words, Finncy has all the training you need to become a better Business Loan Broker and improve your sales.

Pillar 3: Transaction Assistant

The most successful real estate agents and mortgage brokers leverage Transactions Assistance or transaction coordinators to help them process more files.

Use our processing team to free yourself from the time consuming efforts associated with processing your files. When your time is freed up, you are now able to focus all your energy and attention on prospection.

Based on data collected from business loan brokers who process their own files, we have determined that most business loan brokers only have the capabilities of processing 8 - 12 files at a given time. With Finncy’s processing power behind you, you can single handedly originate 8 - 12+ files a week. Also, should you choose to build a team, our processing power allows you to focus your efforts on growing and empower your team instead of having to process their files - which single handedly can’t be scaled.

Pillar 4: Team Building

Finncy offers several ways to structure your team and position yourself in a way that can help your business grow exponentially.

The unique Finncy model strives to give more agents the means and opportunity to build what is called a sixth-level business. The company has seen this come to life over the past few months with agents now earning passive, residual income each and every month.

Another way that Finncy lightens the financial burden on agents is by providing a training system that can get your team members up to speed quickly. As your team’s leader, you can recommend training within Finncy University that teaches the lessons you want your agents to learn.

Taking weeks or months to personally train every one of your agents would take a tremendous amount of time and resources that could be spent on marketing or production. With Finncy University, you can streamline the training process by directing agents to a list of top trainings you recommend for getting started in their business.

Pillar 5: Transparency

There is a lot to our definition of transparency. We believe this is our most important pillar.

We will tell you what lenders we work with, how much commission is to be made and exactly how much commission was earned. When we earn a volume override from one of our lenders, we share that with the brokers who contributed. We pay on all renewals. Whenever there is a dollar earned on someone you brought to Finncy, you are guaranteed compensation.

Finncy Stock & Ownership

Every brokerage offers commission, but not every brokerage offers stock options. Finncy offers several different equity opportunities.

You can earn Finncy stock when:

• You close your first transaction
• You reach the commission cap of 80/20
• A Business Loan Broker you sponsor closes their first transaction
• You and your team achieve various funded tiers

You can also gain up to $10,000 in Finncy stock when you win the Finncy President’s Club Award, which is given to Business Loan Brokers who achieve specific production and cultural goals.

Furthermore, you can enroll in the Finncy Business Loan Broker Equity Program, in which 5% of every commission check is paid to you in stock, and at a 10% discount.

Finncy might be a terrific company for you to own stock in. Given how fast the company is growing, your stock may increase significantly in value.

Finncy Revenue Sharing

One of the best benefits that Finncy offers to its Business Loan Brokers is revenue sharing for team builders. The company uses a cascading revenue sharing system.