If you have questions about becoming a lead provider for Genfin, feel free to read through our list of FAQ’s below.
Financial service advisors/consultants
Professional with network of business contacts
If you have clients or a network of business contacts that could use small business loans from time to time you will earn a profit share for referring them.
Offer your clients a value added service by referring them to Genfin’s tailored and professional small business funding and you will share in 10% of the revenue we earn from the client. This way you play a vital role in preserving and growing your client relationships and assist your clients to grow their businesses and capture opportunities.
You need to register on our website or contact us via electronic mail (firstname.lastname@example.org) or telephonically (on 087 6544 300). Our Head of Business Development will enter into an agreement with you and issue an authorised lead provider number to you.
As part of the registration process you will be required to sign a lead provider agreement that we will e-mail to you. The agreement outlines how we will conduct our relationship.
As soon as you receive your authorised lead provider number you can start referring potential clients to Genfin to receive funding for small businesses. You will be given a user account to our lead provider portal. Through this portal, you can complete an application form on behalf of your referral. We will reach out to the client and take the application forward.
The lead provider portal will further allow you to see a real time status of your referral’s application as well as revenue share paid to you. You may provide any additional information you consider relevant to the application to email@example.com
Download the Genfin FACT SHEET and share this with your clients to give them useful information on Genfin, our process and how we can help.
Your lead will be loaded onto our system and you will be able to track the progress of all the leads that you have submitted via the lead provider portal.
We will follow up on your lead by establishing contact with the party that you have referred to us and take the application forward. Refer to the FAQ section on the genfin.co.za website for more information on the loan application process.
Thank you, but there is no need to do so. Genfin will engage directly with the client and process the loan agreement to pay-out. You will not be required to engage with the client after you have referred the lead. If the client that you referred has any questions, we would prefer that they contact Genfin directly on 087 6544 300.
Genfin will always try their best to approve a loan, but cannot guarantee that all loans will be approved. Genfin evaluates the value of the business, the financial health and the strength and consistency of the cash flow history. Not all clients have good risk profiles and therefore where a loan application is declined, Genfin will deal with the client directly. You will not be required to get involved or engage in the process.
On our system, your profile will be linked to all the leads (potential loans) that you have referred to us.
You will be given a user account to our lead provider portal which will allow you to see a real time status of your referrals’ applications.
We would prefer if you email us on firstname.lastname@example.org. This will assist both of us in keeping an electronic record of all our communication. You are however welcome to call us on 087 6544 300.
Genfin offers a competitive referral fee structure with same day settlement of the payment of the loan to your successfully referred customer (i.e. lead resulted in an approved loan).
For each successfully referred customer you will received the following referral fee:
Where loans are structured with an upfront fee:
10% of the interest levied on the first loan granted
5% of the interest levied on the second loan granted to the same client
Where loans are structured without an upfront fee (such as a bridging agreement), we do not know our final revenue until settlement of the loan and as such we offer:
0.5% of the capital advanced to the client
With both structures, referral fees are paid upfront simultaneously with the advance of the capital to the client. We do not claw back any referral fees in the unfortunate event of default on the loan. We do place a cap on the referral fee of R60,000 per approved loan. As such, you can earn as much as R120,000 per client.
Refer to the FAQ section on genfin.co.za for more information on the pricing of the Genfin loan products.
No, you will be paid the full referral fee as explained in the referral fee structure note.
No, we levy no additional charge to your client in relation to your referral fee.
The payment of your referral fee is a function of the success of each loan application. You only qualify for a referral fee if the lead that you referred resulted in a loan approval.
You will receive your payment on the same day the loan is paid out to your client.
Register online as a lead provider. We are looking forward to building a relationship with you. It is time to capitalize on the business contacts and relationships that you have been building over the years.
Been having dealings with Britt on a transaction. I have been in the service related industry for MANY years and am truly amazed at the lengths Britt has gone to assist a referral of mine which gives me enormous comfort in referring clients of mine to Genfin.
She is really a SUPER Star.
Thanking you and looking forward to a long and beneficial association!
Property Finance Specialist - Mortgage Max