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Answers to Most Common Questions...
 
 
bullet Can you give me an overview about the lease financing industry?
bulletWhat experience do your trainers have?
bulletWho should become a Leasing Partner?
bulletDo I need experience to become a Leasing Partner?
bulletDo I have to quit my job?
bulletIs any special license or equipment required?
bulletDo I need to open an office?
bulletIs this a franchise?
bulletHow much money can I expect to earn?
bulletHow do I get transactions funded?
bulletAm I ever at financial risk?
bulletHow do I get customers?
bulletWhat is my initial investment to become a Leasing Partner?
bulletCan I bring another person to the training program?
bullet Can I speak with the owners and instructors before I make my decision to sign up?
bulletWhat is my next step?

 

 

 

 

 

 

 

 

 

 

Can you give me an overview about the lease financing industry? Answer;
 
Leasing is simply another form of financing. If a business needs equipment or a work vehicle, a leasing company would purchase it and lease it for 3 to 5 years. The intent is for the business to own the equipment or vehicle at the end of the lease.

In today's economy, most banks and lending institutions seem to have a lending policy to approve loans only for big businesses who do not need to borrow money. Additionally they are usually one dimensional and can only do limited types of financing to “A” credit clients (only 15% of all businesses) and certain types of collateral. Most businesses need a lender that has a wide credit window and flexibility that only leasing can provide. This is why over 80% of all businesses will lease and why the leasing industry provides over $300 billion a year in financing to businesses large and small.

Leasing Partners has leasing available for the large, better credit companies and also to the smaller companies who may have challenged credit. We also provide leasing to new businesses. If a business does not pay their bills, we can't help them but we CAN approve any reasonable request regardless of credit and collateral.

Your commissions are paid in full when the lease is funded. There are no holdbacks or chargebacks of any kind. If the customer does not make the payments, it is not your responsibility. By completing the training, you will become a Leasing Partner and have everything you need to build a lucrative and rewarding career.

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What experience do your trainers have? Answer;

Our two main instructors are the founders of Leasing Partners. Together they bring over 65 years of experience in the lease finance industry to the training sessions. Each one presently owns and operates very successful leasing companies and have been doing so for many, many years.

This is a rare opportunity to not only  learn about leasing from two of the industry "pros"  but to learn from their successes and mistakes. There is no better teacher than experience and as a Leasing Partner, you will learn how to avoid making the same mistakes that have caused others to fail. The emphasis in the training and in your ongoing support is to make money and be productive as quickly as possible. All you need to supply is ambition and the ability to learn.

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Who should become a Leasing Partner? Answer;

This is an opportunity for a person with drive and the ambition to earn a six figure income, that is normally reserved for professionals with advanced education and degrees. There is no educational requirements or special skills required to be a Leasing Broker. However,  new people entering the field are at a disadvantage since they lack the experience to determine which applications have merit.  In addition, new brokers do not have access to the funding sources and banks that are necessary for success. As a Leasing Partner, you will be able to draw from our experience and use our funding sources.

As part of the training, we will show you how to use the knowledge you already have from previous employment or life experiences. That is the basis for the Leasing Partners concept. We believe that everyone has something to offer and we can all learn from each other. Regardless of what you did before, you will be amazed at how much you know and how it can be used to be successful as a Leasing Partner.

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Do I need experience to become a Leasing Partner? Answer;

You already have experience. Everything you have done in your life, regardless of how old you are, is experience. We don't expect you to know about leasing. If you do, that's even better but our training is based on the assumption that leasing is new to you. Even if you have leasing experience or have had other lease training, we want you to start from scratch since much of what you know may be incorrect or outdated and that's why you are looking for something better. Leasing Partners learn how to market leasing in today's economy. We only teach you what you have to know to make money.

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Do I have to quit my job? Answer;

No, the beauty of being a Leasing Partner is that other than marketing, we take care of all of the paperwork for you. So if you have another full time job, you can gradually become a full time Leasing Partner as your income increases. Keep in mind that you are not limited by geography, so if you have a day job, you can be talking to businesses in another time zone in the evening. Chances are that once you see the income potential of being a Leasing Partner, you will want to do it full time within a short period of time. One of the reasons that we hold the training on a weekend, is because some of the people attending still have other jobs and don't want to take much time off.

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Is any special license or equipment required? Answer;

No, there is no special license required to be a Lease Broker. You may eventually want to form a business as a proprietorship or even a corporation and open a business bank account but it is not necessary to start with. There is no special equipment involved; just a basic calculator, a fax machine, a computer and it's preferable to have a dedicated phone line.

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Do I need to open an office? Answer;

Absolutely Not, This business is perfect as a home based business. Very few people in this business rent office space, especially when first starting out. You want to keep your overhead low and profits high and working from home does just that. After you have been in the business a while and are doing well you may want to consider an office but it's a luxury...not a necessity. Remember, You'll probably never meet any of your clients face-to-face, so why spend money on an office, unless it makes you happy and you can afford it.

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Is this a franchise? Answer;

NO. This is NOT a franchise. Yet it has all of the features of a franchise without ongoing franchise fees.

When you complete the training, you own your own business, using your business name and can do business anywhere in the country. This is your own business to operate in any manner you choose. There are absolutely no restrictions on how or where you operate your business. Do not misunderstand this statement. WE WILL GIVE YOU FULL SUPPORT.  Just like a franchise though, you are in business for yourself but not by yourself and without franchise fees.

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How much money can I expect to earn? Answer;

We are asked this question often. Every person is different. Some people will make $50,000 and then "coast" for the rest of the year while others are satisfied unless they make a six figure income. Six figures, by the way is very common in the leasing industry. Our main market is leases between $20,000 and $250,000 with our average size lease being $50,000.  While commissions vary, you should average 6% which means that on a $50,000 lease, you will make $3000. If you do that only three times a month, you are on track to making over $100,000 for the year. That's not even one lease a week. We have some people who have made more than $10,000 on one commission so the possibilities are huge.  An income of $100,000 in our business is considered a modest success. Imagine getting up in the morning and knowing that you have an opportunity to make more money that day, than most people make in a month.

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How do I get transactions funded? Answer;

You will submit your applications to us. As a Leasing Partner and under contract to us, we have the ability to send your applications to our numerous funding sources and banks. We have a home for any application that makes sense. Your responsibility is marketing. We take care of getting your applications approved, documented and funded. Having the right funding sources is critical to a new Leasing Broker and most lenders require that Brokers be in business more than 2 years before they will do business with them. By being a Leasing Partner, you don't have to wait the two years.

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Am I ever at financial risk? Answer;

NO, That is the best part of this business. Your job is to find the customers, and send the application to us. The lender makes the credit decision and funds the transaction. When the transaction is funded you receive your commission in full  and you never have to give any of it back regardless of how the lessee pays.

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How do I get customers? Answer;

As a Leasing Partner you will get 500 leads a month plus 500 post cards initially to mail. We teach you target markets and ways to contact them. There are dozens of ways to find businesses that need money for equipment and vehicles and we teach you how to do it. Due to technology such as fax, email and reasonable long distance calling rates, it is easy to reach out to businesses all over the country. There are proven methods that we have used to solicit business and we will teach them to you.

According to the U.S. Small Business Administration...

bullet85% of all companies lease equipment
bullet89% of those companies will lease equipment again in the future
bullet75% of all companies that lease indicate that leasing is their average-to-best means for financing equipment purchases

According to the USDC...

bullet$800 Billion - total equipment anticipated to be acquired this year
bullet$560 Billion (70%) - acquired via financing
bullet$264 Billion (33%) - acquired via leasing

There are plenty of companies that need leasing and we teach you how to find them!

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What is my initial investment to become a Leasing Partner? Answer;

This is the best part. It costs nothing to become a Leasing Partner !! We are not a school and we do not charge $20,000 or $30,000 like some leasing schools do, only to send you off to try and make it on your own. We have learned over the years that we can make much more money doing leases than we can by charging a tuition. Our goal is to build a unique and productive sales force with our Leasing partners making money for themselves and for us.

However, to make sure that we are training people who will use what we teach them to earn for themselves and us, we charge a $6,900 refundable security deposit. Included in that security deposit is the cost of your 2 night stay in The Inn On Fifth (5 star hotel) in Naples. Two breakfasts, one lunch and a gourmet dinner are included and you will be reimbursed up to $350 towards your air fare for coming to Naples. It also includes your airport limousine and the initial supply of 500 postcards plus 500 leads a month.

Your $6,900 security deposit is returned to you as a bonus on each lease that you do at the rate of 1% of the equipment cost in addition to your normal commission. So after you have done $690,000 in leasing business, you will have received a refund of your security deposit and earned commissions of approximately $30,000 to $35,000. If you market the way we suggest, you can do this in the first few months.

This structure should be our clear signal to you that we are looking for a long term relationship and that we are more interested in doing leasing than charging for training. There is not another program like this in the leasing industry and Leasing News (the leasing trade paper).

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Can I bring another person to the training program? Answer;

Yes, most people like to bring a spouse or business partner along and for just an additional $1,995  he or she will receive everything you will be getting. Included in that security deposit is the cost of his or hers 2 night stay in The Inn On Fifth (5 star hotel) in Naples. Two breakfasts, one lunch and a gourmet dinner are included and you will be reimbursed up to $350 towards your air fare for coming to Naples. It also includes your airport limousine and the initial supply of 500 post cards plus 500 leads a month and of course becoming a Leasing Partner.

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Can I speak with the owners and instructors before I make my decision to sign up? Answer;

Absolutely, the fact that you would want to call and speak with us shows that you are someone who is serious about changing your life. We welcome your call and will answer all your questions as best as possible so you can make an informative decision. Please see our contact page.

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What is my next step? Answer;

Your next step is to get more detailed information on how you can become a Leasing Partner and attending the next training session. Visit the More Information page and submit to us your email address so we can send you more information. Do it now - You are NOT obligating yourself in anyway by submitting your information and we do not ask for credit card or any other type of payment information.

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