Allegiant Broker Qualifications

Thank you for considering Allegiant Partners as your funding source. We know you have a choice of who to work with. We want to help you grow your business by funding your success.

Broker Qualifications – What We Look For

Good character & good reputation in the industry (i.e., brokers in business for the long term)
Minimum booking amount of $150,000 per year (i.e., brokers who can generate volume).
Minimum approval ratio of 50%* (i.e., brokers who understand our credit criteria).
Minimum closing ratio of 50%* (i.e., brokers who can close our approvals).
Delinquency and Charge-offs of less than 3% each* (i.e., brokers who understand our risks and help guard against fraud).
3 years industry experience, with a good understanding of equipment financing
Clean business credit and personal (or acceptable explanation)

Broker Responsibilities

Know your customer & the transaction
Win the deal before submitting it
Pre-sell the rate
Inform us of any commitment fees or down payments made or expected to be made
Submit a complete package including the Full Disclosure Form
For Preferred Collateral deals: provide invoice with detailed asset description, condition report and photos, if any
For Story Credits: pre-qualify with our criteria, submit an accurate write-up and a full package including accurate business financial statements, and updated personal financial statements
For Startups: pre-qualify with our criteria, submit an accurate write-up and a full business plan along with resumes, bank statements, balance sheet, projections, etc.

Allegiant Partners seeks applications from honest brokers that know their customers and understand the transactions they present to us.

Honesty and efficiency in our relationship with each broker is essential. We ask brokers to submit or inform Allegiant about all information it has pertaining to the customer, its owners, its affiliate entities, the equipment and its manufacturers, suppliers and other brokers and third parties that are connected with the transaction. If material changes in this information occur prior to funding a transaction, the broker is required to promptly update us with the new information. This includes the timely disclosure of any commitment fees, down payments or other funds that have changed hands or are expected to change hands between the parties to the transaction or their affiliates.

You should have already “won” the transaction before you submit it to us. While not a requirement in all cases, it is beneficial to obtain a signed commitment letter and fee from your customer before submitting their credit application. You are required to disclose any such commitment letter and fee to us upon your submission of the transaction and keep us informed of changes. For complicated Hard Asset, Story or Startup transactions, we may require a deposit before we begin the credit work.

Each broker is asked to complete a Broker Application and is required to promptly provide updated broker information to us as material changes occur. Brokers must be approved by us and have signed our Broker Agreement before their transactions are funded. If you have questions about any procedure, please login to review our Broker Procedures or call our Broker Phone Line at (415) 451-4055. We look forward to funding your success.

* Based on a 12 month rolling average