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BIZFIN REFERRAL PROGRAM

Bizfin is not a Broker-Dealer and therefore can not sell any securities, including Reg D offerings.
 

If you want to refer deals to Bizfin, typically you should have experience in corporate finance, real estate, investment banking, law, accounting, and banking and be ethical and honest in your transactions.

Having the necessary experience and background, we invite you apply to our referral program. We expect you to refer micro cap corporate finance deals, business financing, middle market company debt financing, commercial real estate deals and other deals which we discuss on our website. Please take time to look around.

We do not want you to refer start-up deals or deals looking to raise investments from individual investors. The chance to get financing for a start-up is less than one in one hundred and raising capital from individual investors could be violating securities regulations. Spend your time looking for quality business or commercial real estate deals with substantial revenues and earnings. Click on this link for the criteria venture capitalists use to decide if a deal is worth looking at venture capital criteria .

Typically, for smaller businesses, a good prospect has been operating for more than four years, has experienced management in place, is profitable, last 12-months revenues were at least $500,000 and the company needs more than $500,000 of capital to expand.

For companies looking to go public, looking for a merger partner, in need of financing for a management buy-out  or looking for a Shell to do a reverse merger, the last twelve months revenues should be minimum of around $15M to 20M. There are few exceptions.

After reading the Questions and Answers below and want to refer deals to Bizfin, to you via US Postal Services. But first you will need to  the requested information. Upon reviewing the information, if we have interest, we will contact you and mail you two copies of a referral agreement. Please sign both copies returning a copy to Bizfin, LLC, 50 McLaughlin Drive, Greensburg PA 15601.

We will not accept referrals from anyone who has been found guilty of a felony, fraud, misrepresentation, or is presently under investigation by the SEC or FINRA (NASD) or is not a team player.

Our number one objective is our client's success. If you are going to refer deals to us we expect you to have that mindset, also.

 REFERRAL APPLICATION
We want to know something about you. Please respond to all requests below. Please call us at 724-836-6827 if you should have any  questions.    

Your Name:
Company Name:
Address:
Telephone Number:
Website Address:
Email Address:
Do you work from home office or business office?
Are you presently under investigation by the SEC or FINRA (NASD)?
Have you ever been found guilty of a felony?
Have you ever been found guilty of fraud or misrepresentation?
Education:
Briefly tell us about yourself.

Email this information to capital@bizfin.com

             Questions and answers
 These questions and answers are to familiarize you with our program and are not part of the referral agreement,  
 

1.     Q. Must I pay a fee to refer deals?
 A. No.

2.     Q. What is Bizfin looking for in anyone wanting to refer deals?
 A.  Integrity, a good reputation, experience in corporate finance, real estate, law, investment banking, accounting, banking, or business.

4.     Q. In what kind of deals are venture capitalists and angels looking to invest?
A. Potential Market of $500 million or more, product or service with an advantage over competition, a workable plan to bring products of services to the market, a realistic business model, product or services that fulfills a need, proprietary product or service or product or services that will be far ahead of any competition, company’s growth rate greater than 25 percent, management team that has experience in this type and size deal, and an exit plan: IPO, sale of company, merger.

5.     Q. How much information should I submit on a deal?
A. The first email should be a paragraph of essential information. If interested we will ask for more. Do not send a business plan unless we request it and only then email it to capital@bizfin.com.

6.     Q. What if I submit a deal to Bizfin and I don’t get a response?
A. We receive many deals. Submit it again and note that you have submitted it and haven’t had a reply, or call us. We intend to respond to all submissions.

7.     Q. When is it a good time to call Bizfin?
A. Office hours are 9 am to 5 pm EST.  However, we prefer emails, as they provide you with a record. .

8.     Q. Should I submit inventions?
A. No.

9.     Q. What is a typical deal?
A. Although deals with collateral and commercial real estate are the best, we value and trust your experienced judgment that a deal is worth our review. Please do not refer start-ups.We discourage submissions of start-ups.

10.   Q. When a deal is accepted to be submitted to Bizfin sources, with whom does Bizfin make the fee agreement?
A. We must talk with the principals and then send them a fee agreement. A copy is sent to the Affiliate.

11.   Q. Is it necessary for Bizfin to contact the deal principals who sign the fee agreement?
A. Yes. We also require the person referring the deal to have contacted contacted the principals.  We want more than a company name.

12.   Q. After a deal is submitted to Bizfin and a fee agreement is signed by the client, how would I be involved?
A. At this point, in most cases, the source to whom Bizfin has given the deal essentially takes over. You should keep in touch with the principals of the deal and with Bizfin. 

13.   Q. How will I be compensated for submitting a deal to Bizfin?
A. You will receive 50 % (fifty percent) of the consulting fee Bizfin earns. However, if there is a daisy chain then the 50% fee will be shared equitably among the daisy chain.

14.   Q. What if I have a fee agreement with principals of the deal being referred?   
A. We require that you fully disclose the terms of the fee agreement. We don't want a client to be unfairly charged for our services, even if the client agrees to the double fee. We want this resolved before we proceed with the client. Usually the fee can be worked out to everyone's advantage. We don't want to have a reputation of overcharging clients for our corporate finance services.

15.   Q. Must I have signed a referral agreement before submitting a deal to be paid a referral fee?
A. Yes. No fee will be paid unless you have signed te referral agreement Agreement..

16.   Q. When am I paid if a deal that I referred closes?
A. Within twenty days of Bizfin receiving the fee.

17.   Q. How is the fee handled when there is a daisy chain referring the deal?
A. Bizfin reserves the right to make a final decision on how the fee is shared and the total “fifty percent Affiliate fee” may be held by Bizfin until the members of the daisy chain can come to an agreement. Constructive negotiations are often required to satisfy all parties.

18.   Q. What is an example of when a fee may have to be shared?
A.   Usually where two or more have been corresponding with principals on the same deal .

19.   Q. How customary is it for fees to be shared?
A.  It's common. We expect everyone to work as a team in the best interest of our clients.

20.   Q. What can an I do to protect the right to a fee?
A. Have a trail of emails with Bizfin, principals, and anyone involved in the deal.

 21. Q. What is some good advice on the subject of sharing fees?
A. Be reasonable, give and take, don’t rely on one deal to retire.

22.  Q. Will Bizfin pay an me trailing fees on a deal?
A. If there are trailing fees we will pay them for only three years.

23.  Q. Does Bizfin charge a consulting fee related to performance?
A. No.

24.   Q. Will Bizfin pay a referral fee if it is in violation of any law or SEC or FINRA (formerly NASD) regulation?
A. No.

25.   Q. Will I be an employees of Bizfin?
A. No. You will be on an agency basis and must pay yourr own expenses, taxes, medical, insurance, and all other expenses.

26.   Q. Can Bizfin cancel a referral agreement for any reason?
A. Yes.

27.   Q. What are some reasons for cancelling a referral agreement?
A. A change in the Bizfin model where we will send out a new agreements. Dishonesty, lack of integrity, misinformation when applying to refer deals and when submitting deals, circumventing Bizfin or another person referring deals to unethically capture a fee. We expect you to be faithful to our model.

28.   Q. Is Bizfin a Broker-Dealer, Investment Advisor, Real Estate Broker, lawyer, mortgage broker, or  Accountant?
A. No.

29.   Q. To qualify for a referral fee can I merely send deals to Bizfin without having corresponded with the principals and following up with Bizfin on the deal, and be considered the person of of Record and get paid a referral fee if the deal closes?
A. For a deal to qualify for a referral fee the deal must be emailed to Bizfin and Bizfin must acknowledge receipt of the deal by Reply email, and you must have had to be in contact with the principals of the deal in earnest. Simply emailing a name of a company needing Bizfin services is not sufficient to qualify to receive a referral fee. There must have been conversations, correspondence (email or otherwise) with the principals to be on Record to be paid a referral fee.

30.   Q. Can I have others referring deals to me and pay them out of the fee I get from Bizfin?
 A. Yes. The Affiliate then pays the Sub-Affiliate from his or her own proceeds.

31.    Q. Must I refer all deals to Bizfin?
 A. No. You may refer deals to anyone you wish. However, it is only good business for you to let Bizfin know if the deal 
 has been submitted to other sources. We hope that the amount of fee we pay you and the service we give your client will encourage 
 you to refer deals to us.

31.   Q. What advice can you give me to find deals to refer?
A. Most deals originate with lawyers, accountants, bankers, investment bankers, business brokers, real estate developers, or commercial real estate brokers. Make a list of these people in your county and periodically mail or email them a write-up about the services we offer. We can help you with this. Giving a10% referral fee to a sub is typical to encourage them to continue to bring in referrals to you.

32.   Q, Is it legal for me to accept referral fees from Bizfin without a special license?
A. Every State is different. We do not check this. You should check this with your attorney.

33.   Q. Are these questions and answers part of the Referral Agreement?
A. No. The Referral Agreement supersedes all previous written and verbal Agreements between the Parties and any information that has been or is now posted on the Bizfin website.

34.   Q. What resources does Bizfin rely on to support its referral network?
 A. http://www.bizfin.com/sources.htm  We welcome suggestions to add others.

35.   Q.  Must I refer a certain number of deals a year to remain in the program?
 A.  No. But we expect you to refer quality deals and hope often.

36.   Q. If my referral agreement would be terminated, can it be reinstated?
 A. It depends of why it was terminated.

37.   Q. Does Bizfin charge up-front fees or approve of up-front fees with promises of locating capital sources,
 A. No.

38.   Q. Does Bizfin raise capital from individual investors?
 A. No.

39.   Q. Is Bizfin a Broker-Dealer?
 A. No.