Once you have been accepted as a PAL Affiliate, are part of the program, and have received your USERNAME and LOGIN credentials, it is very easy to access the Affiliate deal submissions page to the PAL Network website and submit an SQL prospect for funding. Simply,
- View any page at www.iacfb.net, and log in (upper right corner)
- From the MAIN MENU, mouse over the “Submit a Deal” menu DROP DOWN item
- Then, select the Affiliates-Submit a Deal menu option
You can now access the Pipedrive Deal submission form and send us an SQL Deal.
IMPORTANT: Submission Requirements
Deal or Lead submission requirements under the PALs program are very simple.
- FACTORING ONLY: This is a factoring-only program, so all submissions you submit MUST involve invoice financing ONLY. We will delete other submissions.
- MINIMUM ACCOUNT SIZE: All submissions must be invoicing at least $25,000 per month.
- B2B ONLY: Your prospect must be operating as B2B and invoicing other businesses only and not consumers.
Additionally, your submission must not have any current loans active that are collateralized by accounts receivable. Factors must always be in “first place” and the senior lender when it comes to the invoices. IACFB underwriters will discuss that with your prospect; however, in most cases.
Submission Processing
Once you click the “Submit” button for your submission, your lead is logged into the “Deal Pipeline” at IACFB. Typically, your prospect will receive a call from a member of our underwriting staff within 24 hours of your submission. Once we speak with the prospect, you, the PAL Affiliate agent, will receive a call from us to discuss the prospect.
Commission Sharing (Affiliates)
Commission sharing under PALs is as follows:
- PAL AFFILIATES: Factoring commissions are shared on a 50 / 50 basis.
- BROKER OF RECORD: PAL Affiliates are listed as a “Broker of Record” with our funder. You will receive a 1099 directly from our funding source and will be required to return tax documents as required.
Building Your Monthly Streams of Income
One of the most attractive characterstics of the IACFB’s PAL Affiliates Program is how quickly your income can accumulate. Each and every new prospect submitted to IACFB for funding can ultimately become a new and stream of income for you. Virtually all factoring clients factor their invoices weekly or at least every month. Once fundeed, those invoices accure factoring fees and the PALs Affiliates submitting the prospect / lead earns their portion of those factoring fees. You will receive an ACH deposit in your business checking account every month, building up your income month after month and year after years. There are very few professional home businesses that can match the opportunity that presents itself as a PAL factoring affiliate.
Learn More About This Business
This is a very easy business to succeed in but it does require some devotion to learn the various arious of the business. Fortunately, the IACFB’s Commercial Finance Consultants magazine can help. With roughly 400 current articles, it is the quickest method to develop the knowledge you will require to succeed. And the GREAT news is, Commercial Finance Consultants Magazine is FREE!