Loan Broker Network Review (2026): Does 'We Close Your Deals' Add Up?
On This Page
- Loan Broker Network in One Minute
- Who Is Behind Loan Broker Network?
- The Big Claims
- Business Loan Brokering Basics
- Celebrity Endorsements
- Done-for-You Closing
- Advantages and Drawbacks of Loan Brokering
- Questions to Ask Before Buying
- Alternatives to Consider
- Is Loan Broker Network Legit?
- Pros and Cons
- Who It Suits
- Our #1 Recommendation for Making Money Online in 2026
- Other Reviews Readers Compare
- Frequently Asked Questions
- Our Verdict on Loan Broker Network
Loan Broker Network in One Minute
Loan Broker Network sells a way to start a business loan and mortgage broker business. Its site features Kevin Harrington, an original "Shark" from Shark Tank, says its network has funded over $1 billion in deals, and promises to close deals for you and provide a free landing page. It names Philip F. Smith alongside Harrington. Prices aren't shown; you fill out a form for a call.
| Program | Loan Broker Network |
|---|---|
| People named | Philip F. Smith, Kevin Harrington |
| Claim | $1B+ in deals funded (per its site) |
| Offer | Training, landing page, done-for-you closing |
| Price | Not shown; form and call |
| Disclaimer | Results are non-typical, per its site |
Who Is Behind Loan Broker Network?
The site names Philip F. Smith alongside Kevin Harrington, an original investor on Shark Tank and an early infomercial pioneer. Smith runs the program's business lending side and has promoted loan broker training for years. Harrington appears as the spokesperson; the site's disclaimer says named people may be compensated.
The Big Claims
The page quotes "massive commissions" and says you can make $2,000 per deal even when a company is declined for a loan. Its own earnings disclaimer calls income statements "aspirational" and testimonials "exceptional, non-typical results." Ask how often declined-deal payments actually happen and who pays them.
Business Loan Brokering Basics
Business loan brokers connect small businesses with lenders and earn a commission, often a percentage of the funded amount, paid by the lender or borrower. Many products are merchant cash advances and short-term loans with high costs to borrowers. Some states require broker licenses or registration, and California and New York have added disclosure rules for commercial financing. Check your state's rules before advertising.
Celebrity Endorsements
The disclaimer says the company and the people named, including Harrington, may receive compensation. A famous endorser isn't evidence that typical buyers succeed.
Done-for-You Closing
If the company closes deals, ask how commissions are split, who owns the client relationship and what you're actually responsible for. "Done for you" usually means a smaller share for you.
Advantages and Drawbacks of Loan Brokering
| Advantages | Drawbacks |
|---|---|
| Low overhead, can be run from home | No funded deal, no pay |
| Commissions can be large on big loans | Many products are costly for borrowers |
| Recurring demand from small businesses | Competitive and lead-driven |
| Can pair with other services | Licensing and disclosure rules in some states |
Questions to Ask Before Buying
- What is the total cost, including upsells and monthly fees?
- What do typical buyers earn, not top students?
- What is the refund policy, in writing?
- What happens after the course: support, leads, tools?
Alternatives to Consider
Compare with our Business Lending Blueprint review. If any seller makes earnings claims, the FTC's Business Opportunity Rule may require written disclosures.
If you want a low-cost way to test an online business, Systeme.io has a free plan with pages, email and courses, and ClickMagick tracks which traffic actually converts.
Is Loan Broker Network Legit?
It's a real program in a real industry, but its marketing leans on big claims its own disclaimer calls non-typical. Get the price, split and refund terms in writing.
Pros and Cons
What Stands Out
- Real industry
- Done-for-you closing offered
- Clear earnings disclaimer
What to Weigh Up
- Price hidden behind a call
- Aspirational income claims
- Celebrity endorsement may be paid
Who It Suits
People who want a supported entry into loan brokering and will verify the deal terms.
Our #1 Recommendation for Making Money Online in 2026
If Loan Broker Network isn't the right fit for you, here's what we suggest instead.
After comparing hundreds of programs over the years, we know what works and what doesn't. In fact, most of the business opportunities are either instant cash grab schemes or scams or they require experience. However, this beginner-friendly system stood out and is our #1 recommendation for 2026.
Other Reviews Readers Compare
Frequently Asked Questions
Is Kevin Harrington Involved?
He's featured and named; its disclaimer says named people may be compensated.
How Much Is Loan Broker Network?
The price isn't shown; you book a call.
Can I Earn on Declined Loans?
Its page claims $2,000 per declined deal; ask for details.
Are Results Typical?
Its disclaimer says testimonials are non-typical.
Who Is Philip F. Smith?
The business lending side of Loan Broker Network, named on its site.
Is Loan Brokering a Good Business?
It can be for skilled networkers; income depends on funded deals.
Our Verdict on Loan Broker Network
Big promises around a real business. Read the disclaimer before the sales call.
Looking for a Better Starting Point Than Loan Broker Network?
Consider our #1 recommendation for making money online in 2026.