Stedman Waiters Review: Funding Business With the Prove It Method?

Stedman Waiters: Pros and Cons

Pros

• Stedman is actively handling deals with Waiters Capital
• His training programs cover multiple funding types and credit repair
• A Skool community for support and coaching calls

Cons

• Stedman does not disclose the pricing of his programs
• You do not get paid with the “Prove It” model if you do not close
• Stedman’s strategy is long-term and may be challenging at the start

What Is Stedman Waiters’ Prove It Method?

Stedman’s “Prove It” method only charges the clients when the loan is received. It removes all financial risk for business owners. Most funding businesses require upfront payments ranging from $2,000 to over $10,000. Stedman’s team handles the entire process from analyzing the client’s financial situation and credit to negotiating with lenders. When the client receives the loan, Waiters Capital takes 2% to 6% of the funded amount.

The “Prove It” approach forces accountability that other funding businesses avoid. Since Stedman doesn’t get paid unless he delivers actual funding, he must maintain strong relationships with multiple lenders. This makes his work easier and quicker in the long-run. However, this relationship with lenders means that only qualified businesses can work with him.

Who Is Stedman Waiters?

Stedman Waiters is an entrepreneur from Las Vegas, Nevada. He is the founder of the business funding company Waiters Capital. Stedman has an interesting background in athletics, engineering, and entrepreneurship. Originally from Snellville, Georgia, he played D1 football as a linebacker at Georgia Southern University while majoring in electrical engineering. After a short professional football career, he worked as an electrical engineer for 4 years.

Stedman started a credit repair business while maintaining his engineering job. He took advice from a teammate and invested $25K in a funding business mentorship. He founded Waiters Capital in 2021 and grew it for 1.5 years before resigning from his engineering job.

What Are Stedman Waiters’ Claims About the Funding Business?

• You can make $10K with only 1-2 clients a month.
• Business funding involves “high-ticket transactions” of $50,000 to over $500,000 per deal.
• Commission rates typically range from 2% to 6% of the total loan.
• A $200,000 deal at 4% commission earns $8,000.
• Students can work from anywhere in the world.
• Minimal time investment required with only 1 to 2 clients needed monthly.

The Reality of a Funding Business?

• According to the National Association of Commercial Finance Brokers, only 15-20% of funding businesses earn more than $100K annually in their first three years. Most brokers earn between $0 and less than $100K a year.
• Commercial Finance Online shows that the average commissions range from 0.5% to 2% for most deals. 2% to 6% rates are only available for riskier and harder-to-place loans.
• The Commercial Finance Association reports that the number of registered funding businesses increased by 340% since 2019. The market saturation makes securing 1 to 2 high-ticket deals unlikely without long-established connections.
• The Small Business Finance Association found that successful brokers typically work 50-60 hours weekly building relationships, following up on applications, and managing client communications. You may outsource most of the tasks, but it will be expensive to manage a trained and effective team.

Stedman’s claims are attainable but on the ideal side. It does not reflect the likely outcome of those new to the funding business.

What Is Stedman Waiters’ Wealth Builders Academy?

Wealth Builders Academy is Stedman’s training platform that teaches people to start, grow, and scale a funding business. It offers recorded training modules, live coaching calls, and community support. Both the free and paid versions are available through Skool.

The academy covers multiple funding types, such as 0% interest funding and personal loans, and business term loans and lines of credit. Stedman teaches both the technical aspects of funding and the business development skills needed to attract and retain clients. Students learn how to create automated marketing systems so they can focus on building relationships with direct lenders.

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