Our Broker/Consulting Process

When Hoffman Consulting Group engages with a potential borrower,  we typically will tell them our background, when the business started, and other details that we anticipate the client may be interested in.

Our background is from Wells Fargo. We have been in business since 2010 and as for year-to-date numbers Hoffman Consulting has closed $21.4 Million in loan volume.

When a consultant first meets with a client, we want to discover if the loan has a likelihood of being placed with a lender. We are highly result-oriented and really only want to pick up loans we feel like we can place. Out of the total loan volume YTD, approximately 88% of the loans we have funded were declined from a bank at least once and as many as four times.

A consultant will ask questions about the owners experience, collateral, and down payment. For each of these categories we are looking a basic sketch 3 -5 years of direct industry experience. Collateral needs to be close to 1 to 1, the higher the better. The down payment needs to range between 20 – 30% of the total project cost. If these check out as well as a few other details, we want to engage and move on to collecting the loan package.

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