What is a business loan broker?

Last updated May 2026 · Reviewed by David Chen
Quick Answer

A business loan broker is an intermediary who matches business owners with lenders. Brokers earn commissions from lenders (paid by lender, not borrower). Pros: access to multiple lenders through one application, expertise in matching products to needs. Cons: brokers may push higher-commission products. Always verify the brokers fees.

Key Details

  • Intermediary between borrower and lender
  • Paid by lender (commission)
  • Single application, multiple lenders
  • Faster than applying separately
  • Risk: may push higher-commission products
  • Always ask: "How are you compensated?"
Answer by David Chen — Senior Business Funding Editor
12+ years in alternative lending. $200M+ underwritten.

Get Your Personalized Funding Quote

Apply in 4 minutes. Decision in 24 hours. No obligation.

Apply Now → (305) 384-8391