Home-Based equipment lease broker

The leasing company or lender usually pays your commission or fee once the lease funds. In some setups the business owner pays a broker fee. Your clients are small businesses such as restaurants, contractors, clinics and shops.

A commission on each funded lease, often a percentage of the equipment cost, or a flat broker fee. Income comes in per deal, so it can vary a lot from month to month.

• Talking comfortably with business owners
• Following up and staying organized
• Reading basic financial paperwork
• Patience with longer sales cycles

• Some states license or register commercial finance brokers, so check your state's financial regulator
• Commissions are usually paid only after funding, so expect a gap before your first income
• Check for any required disclosure of your compensation to clients
• Review each funder's contract for clawbacks if a lease defaults early
• Consider errors and omissions insurance and form an LLC to separate personal and business liability

Startup costs are typically around $500 to $2,500, depending on your business setup, software and insurance choices. These are estimates, so check what an LLC and errors and omissions coverage would cost in your state.

Monthly revenue is typically around $1,000 to $5,000, depending on how many leases fund and their size. These are estimates, and commissions are usually paid only after funding, so expect a gap before income.

Check whether your state licenses or registers commercial finance brokers with its financial regulator, and any required disclosure of your compensation. Also review each funder's contract for clawbacks, and consider errors and omissions insurance and an LLC.