EXPRESS LANE

Phil Guertin launched a creative financial business with one element in mind: help real estate agents and brokers get commission advances within minutes to meet critical cash-flow issues.

By Rick Weinberg, California Business Journal

If you’re a real estate agent or broker, cash flow is critical for such vital matters as meeting payroll, buying leads or completing consistent marketing initiatives to keep up with the competition. Yet with a property sitting in escrow, many agents and brokers often find themselves a little short on funds at those crucial moments. With banks unable to provide loans quickly, agents and brokers can often find themselves in dire straits.

However, thanks to a creative business model designed by Phil Guertin of Irvine, Calif., agents and brokers can get advances of up to $100,000 through Express Cash Flow (“ECF”) in a day -- not weeks or months like at a bank, without even a credit check. Recently, a Southern California agent approached the company late on Friday -- 15 minutes before the wire deadline. Within 12 minutes, the $2,000 advance was complete. It was the second transaction in less than two weeks that the agent requested. The first was for $5,000. [To read the rest of the story, click here https://calbizjournal.com. To go directly to the article, click here https://calbizjournal.com/express-cash-flow-commission-advance-for-real-estate-agents/]