WHY DOES MY COACHING FUNDS PROVIDE FINANCING FOR COACHES’ CLIENTS WITH AND WITHOUT A COST TO THE COACH?
My Coaching Funds has established a Marketplace of lenders with the goal to fund you and as many of your clients as possible.
Depending on the funding source, the fee is paid by the Client or Coach; however we have been able to simplify it significantly while still allowing Coaches to provide a funding option without any upfront or ongoing costs for them.
A Coach covering the funding will not stop their influence and impact! By providing as little as 10% more value in your coaching services you can easily offset a 5% funding fee. We can show you how.
WILL GETTING A PRE-APPROVAL HURT ME OR MY CLIENT'S CREDIT?
We have partnered with a credit reporting agency to be able to complete a "soft credit pull" in order to provide pre-approved funding options without impacting an individual's credit. This gives you and your clients more control to choose what funding options work best for before committing and going through full approval process.
DO MY CLIENTS NEED PERFECT CREDIT OBTAIN FUNDING?
Your clients do not need perfect credit to obtain funding; however, approval, terms and the amount of funding will be based on a number of factors including credit score, employment history, business finances (if applicable), funding purpose, location in the US, etc.
Again, perfect credit is not required. We are often able to provide coaching/business client funding when regular banks do not.
Regardless, we will do everything possible to provide funding to your client. If our Marketplace cannot fund your client, nobody can.
WHAT TYPE OF FUNDING OPTIONS ARE AVAILABLE?
Depending on the situation you or your client may receive options for unsecured loans between 3 and 7 years, lines of credit to use like cash with minimum monthly payments, revolving credit with rates as low as 0% for up to 20 months, as well as traditional business and SBA loan products.
With all of the options, you or your client still gets to preview and select the ones you feel work best for your needs.
WHAT PRICES RANGES DO MY COACHING SERVICES NEED TO BE IN ORDER TO OFFER FINANCING.
We have funding options available for a minimum purchase of $1,000; however, with financing solutions available, you should explore ways to add additional value and services or strategic partnership to boost your ticket price.
HOW LONG DOES IT TAKE TO GET SET UP?
It will generally takes up to two business days to set up your custom financing page to begin referring your clients.