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Below is an in-depth analysis and side-by-side comparison of Interface Financial Corp. vs Smartline Personal Mortgage Adviser including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $86,800 - $137,800 | $20,000 - $30,000 |
Franchise Fee | $34,500 | $1,200 |
Royalty Fee | 8% | - |
Advertising Fee | - | - |
Year Founded | 1971 | - |
Year Franchised | 1991 | - |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | Yes/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | Ongoing + On-The-Job Training: 16+ hours Classroom Training: 16 hours Additional Training: By phone/Skype | Smartline provide the training for you to learn our systems, our software and how to write loans. Our Business Development Managers will then work closely with you in establishing your business through 12 weeks of one on one business coaching. You will also participate in our accredited 24 month mentoring program. Each of these will activities are designed to develop best practice techniques and increase your abilities in writing loans and generating revenue. |
Support | Newsletter Meetings/Conventions Toll Free Line Online Support Field Operations Proprietary Software Franchisee Intranet Platform | - |
Marketing | Ad Templates Website development | Smartline have created a suite of marketing tools designed to help you build your customer base, find quality referral partners and, communicate effectively with your clients on a regular basis. Our marketing department are also there to assist you in creating your own local marketing initiatives as well. |
Operations |
Franchise can be run from home. International franchisees required to buy multiple units/master licenses
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | Our model is that every franchisee needs to be fully committed to their franchise business, just as we are fully committed to their business as well. Many of our mortgage brokers have started from a home office very successfully. As your business grows you can then consider moving into a serviced office or retail premises and taking on staff to cater for the growing needs of your business. |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
The Interface Financial Group harnesses the power of technology to provide working capital solutions for the largest corporate buyer, the smallest supplier, and everyone in between.
For nearly fifty years we’ve provided billions of dollars in reliable and affordable funding.