Referral partners are not ISO shops, but they still have rent. A CPA who sends two funded files a year should not be told the residual will sit until a minimum is met. A realtor who sends one working-capital file after a failed bank call should not wait on a quarterly “affiliate statement.” If the deal funded, the partner who owned the link should see a Monday deposit.
Loanable pays referral partners 50/50 of its profit on funded deals, every Monday via ACH, with no minimum. Attribution is the partner link. Loanable is not the lender. The 150+ lender network funds the owner. You get the partner split, not a borrower disbursement you should never commingle with client money.
Set up the bank profile before you need it
The first funded file is the wrong time to discover the routing number is a personal account you closed. Put ACH details on the partner profile when you are approved. If you refer through a firm, make sure the tax identity and the bank identity match how you actually want to get paid. Changing that after a funding is how Mondays get messy.
- No minimum payout threshold
- Weekly cycle instead of month-end mystery
- Dashboard before the deposit
- Same rule for a one-off referral and a busy month
Funding speed versus your payday
Tell the owner that some working-capital files fund as soon as 24 hours. Tell yourself that your ACH is Monday after the deal is in the payout batch. Do not spend a commission you have not received because the merchant got funded on a Tuesday. Larger facilities, including sizes up to $50M, take longer to fund and still pay on the same Monday rule if they fund through your code.
You do not invoice Loanable
If your accounting department wants a vendor bill for every residual, they can book the ACH. You should not hold the referral hostage waiting for someone to generate an invoice number. The partner dashboard is the record of the funded placement. Reconcile it weekly even if you only expect a few files a year. Quiet programs fail when nobody looks.
Bookkeeping the residual without turning it into a second practice
Create a single income category for marketplace partner ACH. Match it to dashboard rows on Monday. If you only refer twice a year, those two lines still need a home. Do not dump them into “misc” and forget tax treatment. This article is not tax advice; it is a reminder that no-minimum weekly pay still shows up on a 1099 or a firm deposit you have to explain.
If your firm’s controller wants vendor onboarding, send them Loanable’s partner identity and the mechanic: 50/50 of Loanable profit, not a borrower wire. You are not receiving client loan proceeds. You are receiving a partner split. Mixing those in QuickBooks is how you create a mess. unique partner link is the operational key; the chart of accounts is the financial one.
Get paid for the introductions you already make. Apply to the Loanable referral partner program and add ACH details when you are approved.