Bond Street is an online lender providing fast and affordable capital to small businesses looking to invest in their growth with loans of $50K-$500K and interest rates starting at 6%.
Bond Street
The company has differentiated itself in the lending marketplace through the use of technology, including integrations with QuickBooks Online, and unique processes to generate loan decisions within 24-48 hours post a 10-minute online application. They recently launched the Bond Street Accounting Professional Partner Program to arm advisors with a financing solution for their clients in addition to educational content on small business financing. We caught up with Mahima Chawla, Director of the Bond Street Accounting Professional Partner Program, to learn more.
IA: What is the name of your advisor/accountant program
MC: Bond Street Accounting Professional Partner Program
IA: What benefits do advisors receive for being a part of your program (What’s in it for the Advisor?)
Advisors become the financial hero for their clients by offering not only accounting and tax services, but also by making them aware of fast, affordable, and innovative financing solutions. In addition, Accounting Professional Partners are eligible to offer their clients a
Mahima Chawla, Bond Street
discount (33%) on the loan origination fee. If the advisor prefers, they can take the client discount in the form of a referral fee instead.
Bond Street Accounting Professional Partners will also receive ongoing educational content on topics surrounding small business financing in the form of webinars, articles, and white papers. In addition, they will have access to a network of accounting professionals embracing new technology solutions and sources of capital for their clients.
MC: To join the program, or find out more information, please email accountingpartners@bondstreet.com or complete the online form.
IA: Is there a fee to be a part of your program?
MC: Membership is FREE for accountants and bookkeepers for the Bond Street Accounting Professional Partner Program.
IA: Is the advisor/accountant a reseller or more of a lead generator for your organization?
Bond Street collaborates with Accounting Professional Partners to provide their small business clients with quick and affordable financing.
IA: If there are monetary incentives/revenue opportunities for the advisor, can you provide some examples of what an advisor would expect to earn by being a part of your program?
MC: For advisors who want a referral fee, we can provide 1% of the loan amount as a referral fee. Our loans range from $50K-$500K so the referral fee ranges from $500-$5,000 per client. Advisors can choose to pass this along to their clients as a discount if they prefer.
IA: Are there any specific training requirements for the Advisor? If so, how long does it take for an advisor to become “certified”?
MC: Accounting Professional Partners initially participate in a 15-minute training phone call to explain the product, client requirements, and collaboration process. We also provide ongoing reference materials and the Bond Street team is available at any time for questions. After the initial training, advisors can begin working with Bond Street to provide financing options to their clients.
IA: Do you have any other thoughts you would like to share with our audience?
MC: I'm sure many readers are aware that small businesses often struggle to raise financing from banks and are left taking out high interest rate loans with alternative lenders. Bond Street tackles this issue and has been gaining significant traction amongst accounting professionals who wish to help their small business clients access capital.
“Bond Street is a wonderful alternative to a traditional bank loan for small businesses. A simple process coupled with friendly customer service and extremely quick funding. In a matter of days Bond Street put necessary cash in the hands of my client who had been in the loan process with a big bank for months” - Thomas Mayer, CPA, and a member of the Bond Street Accounting Professional Partner Program.
Learn more by emailing accountingpartners@bondstreet.com, completing the online form or visiting the company website at www.bondstreet.com